|Philips and Accton Form Arcadyan Joint Venture|
Hsinchu, Taiwan/Amsterdam, The Netherlands - Accton Technology Corporation of Taiwan (Accton) and Royal Philips Electronics (Philips), today announced the formation of Arcadyan Technology Corporation. Established on July 7th, 2003, this joint venture brings wireless infrastructure expertise and combines it with advanced A/V technology integration expertise. With an emphasis on optimizing audio and video quality, Arcadyan offers a robust product portfolio of wireless solutions.
Headquartered in Hsinchu, Taiwan, with offices in San Jose, Tokyo, Amsterdam, Shanghai, and Bangalore, Arcadyan has outstanding shares of 52% for Accton, and 48% for Philips. Philips will have three seats on the board, and Accton will also hold three seats. Both companies are customers and development partners of the joint venture for wireless connectivity products.
Over the next few years, Arcadyan's advanced wireless solutions will be key enablers in the growing broadband market for devices that deliver content-rich always-on, always-connected applications. Arcadyan already provides innovative wireless products for leading design-in (Original Equipment Manufacturing) and add-on infrastructure to the MSO/ISP, consumer electronics, PC, and mobile phone industries.
Arcadyan's objective is to address the increasing market requirements for advanced, easy to use, and cost effective wireless solutions based on state of the art technology in Wi-Fi (802.11), BluetoothTM and other industry standards. This includes a full line of access points and gateways including a Powerline Communication/802.11b bridge, worldwide-approved 802.11a/b/g solutions, emerging consumer applications like the recently launched Home Wireless A/V Platform and Bluetooth data and audio products.
About Arcadyan Technology Corporation
Arcadyan is an exciting new joint venture between Accton Technology Corporation of Taiwan and Royal Philips Electronics of the Netherlands. Recently established, the joint venture is designed to bring the best of wireless infrastructure expertise and combine it with advanced integration expertise to create a robust product portfolio of wireless solutions. Arcadyan provides innovative wireless products for design-in (Original Equipment Manufacturing) and add-on infrastructure to the MSO/ISP, consumer electronics, enterprise, PC and mobile phone industries. Based on state-of-the-art technology in Wi-Fi (802.11), Bluetooth and other industry standards Arcadyan delivers a full line of access points and gateways including a Powerline Communication/802.11b bridge, worldwide-approved 802.11a/b/g solutions, emerging consumer applications like the recently launched Home Wireless A/V Platform and Bluetooth data and audio products. www.arcadyan.com .
About Accton Technology Corporation
Accton Technology Corporation, established in 1988, is a global outsourcing partner of advanced communication products. It provides a variety of Ethernet, Fast Ethernet and Gigabit products including hubs, switches, Internet Access Device and Wireless solutions. The company has more than 3,000 employees and around 654 engineers worldwide. Accton is at the center of a cast array of communications technology and customer partnership spanning the globe. This technology ranges from ASIC design through high performance chassis switches through to Internet integration and application. "Making Partnership Work" is more than a slogan---It is Accton's way of doing business. www.accton.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 31.8 billion in 2002. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 166,000 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, semiconductors, and medical systems. Philips is quoted on the NYSE(symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.philips.com/newscenter
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