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The exchange. In effect, the exchange extends the maturity date of $49.8 million of debt for two years, creating a maturity schedule that corresponds to the generation of free cash flow available for repayments. The New Notes will accrue interest at a rate of 8.75% per annum, with interest payable in cash semi-annually in arrears on February 1 and August 1 of each year, beginning on August 1, 2012. The maturity date of the New Notes is February 1, 2016.
Illumina (NASDAQ:ILMN) has filed an additional patent infringement suit against Complete Genomics, Inc. Illumina is seeking all available remedies, including injunctive relief. The new suit is based on Complete Genomics infringement of US Patent No. 8,192,930, entitled Method for Sequencing a Polynucleotide Template. The suit targets Complete Genomics Combinatorial Probe-Anchor Ligation (cPal) read technology.
Industrial Nanotech, Inc. (Pink Sheets: INTK) has launched a new product in their industrial line, Nansulate(R) Diamond. The product is a fast-cure high heat industrial insulation and corrosion prevention coating that provides energy savings and personnel protection for equipment surfaces up to 204° C (400° F).
http://www.industrial-nanotech.com
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) introduced the second generation of its embedded power (ePower) devices. The new TLE983x System-on-Chip (SoC) product family integrates a powerful 8-bit microcontroller with a LIN transceiver and related peripherals on a single chip to address the needs of space and cost sensitive automotive body applications. The TLE983x integrates all necessary functionality for relay drive motor control applications. The 8-bit microcontroller (MCU), derived from the established XC800 family of Infineon, achieves up to 10 Whetstone MIPS at 40MHz, which is comparable to 16-bit microcontrollers. This is combined with LIN transceiver, voltage regulator and both low-side and high-side drivers on one single chip. Other features include 4kB EEPROM emulation, on-chip debug interface (2-wire), 10-bit AD converter (five channels), up to five high-voltage wake-up inputs and a PWM unit for external motor control. In addition, a measurement interface for monitoring battery voltage and chip temperature is integrated. Low power modes enable a sleep mode current down to 25µA, while the wake-up from the low power mode is possible via a LIN bus message or the wake-up inputs.
The integrated LIN transceiver is compliant with the LIN standards 2.0, 2.1 and SAE J2602, ensuring worldwide usage. The high level of integration is based on a new automotive qualified (AEC) Smart Power technology, using – as an industry first – a 130nm process technology. The TLE983x family offers scalability in terms of Flash memory sizes (36kB to 64kB) with pin and software compatible devices.