(PRWEB) February 7, 2003
CATALYST SEMICONDUCTOR ADDS EUROPEAN PRODUCT DEVELOPMENT CENTER
Sunnyvale, Calif. (February 5, 2003) — Catalyst Semiconductor (Nasdaq: CATS) today announced the launch of its first International Product Development Center by incorporating Catalyst Semiconductor Romania, SRL (CSR) as a wholly owned subsidiary of Catalyst Semiconductor, Inc.
Initially, CSR will focus on design, characterization and test development for some of Catalysts memory and mixed-mode products and will soon take on additional responsibilities such as developing product applications and providing technical customer support for the European market.
CSR has leased 6,000 square feet of space in a new office building in Bucharest where operations are expected to start this month, as soon as all the required equipment has been installed.
By setting up this subsidiary we are executing on our growth strategy and leveraging lower cost engineering talent available in other parts of the world. This new Engineering Center will enhance our product development capability and help us introduce new products faster. By filling our need for highly skilled employees in lower cost locations and providing them with the necessary tools to succeed, we can maximize the return on our R&D investment. Furthermore, with Romania joining NATO and the European Union, CSR will be ideally positioned to complement the customer support currently provided by our personnel in Sunnyvale and at Catalyst sales offices worldwide, said Catalyst President and CEO Gelu Voicu.
CSR will be headed by Mr. Horia Profeta who will report to Mr. Voicu. Mr. Profeta has over 25 years of experience in the semiconductor industry and is well acquainted with Catalyst Semiconductor. He comes to CSR from Essex, SRL, a past provider of design services to Catalyst.
About Catalyst Semiconductor
Founded in 1985, Catalyst Semiconductor, Inc. is headquartered in Sunnyvale, California. The Company is a developer and marketer of programmable products used in telecommunications, networking systems, computation, automotive, industrial and consumer markets. The Company designs and markets a broad range of programmable products including Flash Memories, Parallel and Serial EEPROMs with I2C, SPI and Microwire interfaces, NVRAMs, Digitally Programmable Potentiometers, Microcontroller Supervisory circuits and other programmable Mixed Signal products. Typical applications for the Companys products include optical networks, modems, wireless LANs, network cards, PC BIOS, DIMM modules, cellular telephones, digital satellite box receivers, set-top boxes and Internet routers. Catalyst’s Quality Management System is ISO 9001 certified. Additional information about Catalyst Semiconductor is available on the Companys web site at http://www.catalyst-semiconductor.com.
Except for those statements that report the Companys historical results, the statements being made are forward-looking statements, including statements regarding the benefit and success of our new Romanian operations. Actual results could differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading “Certain Factors That May Affect the Company’s Future Results of Operations” listed from time to time in Catalyst’s SEC reports, including but not limited to the report on Form 10-K for the year ended April 30, 2002, and to the reports on Form 10-Q for the quarters ended July 31, 2002 and October 31, 2002.
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