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PLX Technology Further Expands Asia-Pacific Presence With New Taiwan Subsidiary; I/O Interconnect Leader Adds Third Dedicated Office to Region
SUNNYVALE, Calif. --(Business Wire)-- April 4, 2006 -- PLX Technology, Inc. (Nasdaq:PLXT), the leading supplier of PCI Express(TM) (PCIe) and other standard input/output (I/O) interconnect silicon to the communications, server, storage, embedded-control, and consumer industries, today announced the formation of PLX Technology Taiwan. Located in the Neihu District of Taipei, PLX Technology Taiwan is PLX's third wholly owned subsidiary in the Asia-Pacific region, established to extend the company's presence to Taiwan while providing PLX(R) customers there with locally focused sales, support and applications expertise.
The official opening of PLX Technology Taiwan will take place at the facility on April 4. This event will feature a welcoming ceremony and presentation by Mr. Michael Salameh, PLX founder, president and chief executive officer.
PLX is well-established in the Asia-Pacific region, with subsidiaries in Japan and China, and an extensive roster of customers for its PCI, PCI-X, PCIe, and USB interconnect technology. Those customers span the embedded-systems, industrial-control, security, and telecommunications markets. PLX also is represented by leading distributors in Taiwan: Metatech (AP), Answer Technology and SemiconductorStore.com.
Continued Growth Expected in Region
PLX Technology Taiwan is expected to add to PLX's continued growth in the Asia-Pacific region, in which the company's revenues grew to more than $28 million in 2005.
"PLX continues to see robust growth in the worldwide demand for its industry-leading interconnect products, and establishing PLX Technology Taiwan allows us to best serve an important geographic market," said Mr. Salameh. "We are pleased to have an office that is dedicated to our valuable Taiwan customers, and to satisfy their needs for PLX's products, support and service."
The new subsidiary will be lead by Marx Li, Taiwan country manager. Li brings to PLX Technology Taiwan more than 18 years of engineering and sales experience in Taiwan and Southeast Asia. He most recently served as vice president of sales at Metatech. Prior to that position, he held senior management positions with Western Digital, S3 and Leadtek.
About PLX Technology
PLX Technology, Inc. (www.plxtech.com), based in Sunnyvale, Calif., USA, is the leading supplier of PCI Express and other standard I/O interconnect silicon to the communications, server, storage, embedded-control, and consumer industries. All PLX I/O interconnect products are available in lead-free packaging. The PLX solution provides a competitive edge to our customers through an integrated combination of high-performance silicon, hardware and software design tools, and partnerships. These innovative solutions enable our customers to develop equipment with industry-leading performance, scalability and reliability. Furthermore, the combination of PLX product features and supporting infrastructure allows customers to bring their designs to market faster.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Statements in this release which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, goal or intentions regarding the future. Forward-looking statements in this release include statements regarding (1) PLX's growth in the Asia-Pacific region, (2) the increased strength of the relationship between PLX and its customers in Taiwan, (3) the staffing of the office in Taiwan, (4) the benefits for the customers of PLX in Taiwan. Factors that could cause actual results to differ materially include risks and uncertainties such as: PLX's ability to attract and retain personnel for the office in Taiwan; reduced demand for products of electronic equipment manufacturers which include PLX's products due to adverse economic conditions in general or specifically affecting PLX's markets worldwide and specifically in the Asia-Pacific region; ease of cooperation between PLX and its customers in Taiwan. Readers should also refer to the risk disclosures outlined in PLX's quarterly reports on Form 10-Q filed from time to time with the SEC.
PLX and the PLX logo are trademarks of PLX Technology, Inc., which may be registered in some jurisdictions. All other product names that appear in this material are for identification purposes only and are acknowledged to be trademarks or registered trademarks of their respective companies.
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