BROOMFIELD, Colo., April 4 /Xinhua-PRNewswire/ -- Sirenza Microdevices, Inc. (Nasdaq: SMDI) today announced that it has officially opened its new 107,000 square foot facility in Shanghai, China, featuring a high volume RF components factory in addition to an administrative, sales and engineering office building.
Sirenza now has three multiple-use facilities in China. In addition to the new facility, the original Sirenza Shanghai office is headquarters for customer service and applications support in Asia, and the Sirenza Shenzhen office provides technical applications support and currently serves as the Asia regional test laboratory.
"Our facilities in China enhance our ability to provide real-time support to our expanding base of key customers, subcontractors and suppliers in throughout greater Asia and, in particular, within China," said Bob Van Buskirk, Sirenza's president and CEO. "We believe that moving our U.S.-based commercial manufacturing to Shanghai will provide a long-term, low-cost manufacturing capability to support existing and future product lines as we expand our global operations."
The nearby Premier Devices (PDI) factory, supporting the PDI business segment, has been moved to this new facility and is now fully operational. The move of SMDI business segment manufacturing operations to this same facility is expected to be completed in the second half of 2007. To complete the PDI factory move to the new facility, a re-certification audit of PDI's ISO 9001-2000 quality system was performed by a third-party registrar in March. The audit was successfully completed and the registrar has re-certified the new PDI factory operation under the ISO 9001-2000 global quality standard.
Sirenza Microdevices, Inc.
Sirenza Microdevices is a supplier of radio frequency (RF) components. Headquartered in Broomfield, Colorado, with operations in China, Germany and the U.S., Sirenza and its subsidiary Premier Devices design and develop RF components for the commercial communications, consumer, and aerospace, defense and homeland security (A&D) equipment markets. Sirenza's integrated circuit (IC), multi-chip module (MCM) and passive product lines include amplifiers, power amplifiers, cable TV amplifiers, circulators, isolators, mixers, splitters, transformers, couplers, modulators, demodulators, transceivers, tuners, discrete devices, signal source components, government and military specified components, and antennae and receivers for satellite radio. Sirenza holds ISO 9001:2000 Quality Management System and ISO 14001:2004 Environmental Management System (registered by QMI) certifications for its Broomfield, Colorado manufacturing facility, and ISO 9001:2000 Quality Management System certifications for its Shanghai and Nuremberg manufacturing facilities. Detailed product information may be found on Sirenza's website at http://www.sirenza.com and at http://www.premierdevices.com .
Safe Harbor For Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including any statements regarding our belief that moving most of our U.S.-based commercial manufacturing to Shanghai will provide a long-term, low-cost manufacturing capability to support existing and future product lines as we expand our global operations and any statements regarding the timing or future benefits of our transition of U.S. manufacturing operations to our new Shanghai facility. These forward-looking statements are based on expectations, forecasts and assumptions as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from those expressed in these forward-looking statements, including any unexpected costs incurred in connection with or following the manufacturing transition, difficulties or delays encountered during the period the manufacturing transition remains in process, and other unanticipated events related to the transition. Other factors that could cause actual events or results to differ materially from those in the forward-looking statements are included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission in March 2007. Sirenza expressly disclaims any obligation to update its forward-looking statements at any time or for any reason.
NOTE: Sirenza Microdevices(R) and the Sirenza logo are trademarks of Sirenza Microdevices, Inc. All other trademarks are property of their respective owners.
