Telecoms ♦ news digest
Roth Capital Partners acted as sole book-running manager for the offering. Craig-Hallum Capital Group acted as co-lead manager for the offering.
Anadigics to use Alltek as a distributor for Asia Pacific
Alltek, a communications components distribution in Asia, will carry Anadigics’ complete portfolio of WiFi, cellular and infrastructure solutions
Anadigics, a developer of radio frequency (RF) solutions, has expanded its sales presence by appointing Alltek Technology as a distributor for the Asia-Pacific region.
Specialising in communications component distribution, Alltek leverages highly trained sales and applications teams located near major design and manufacturing centres in Asia to provide support throughout the design, sales and production phases. Alltek will represent Anadigics’ complete line of WiFi, Cellular and Infrastructure products in China, Taiwan, Hong Kong and Singapore.
“As a leading distributor in Asia focused on communications components, we offer valued- added services to a wide array of OEMs, ODMs and manufacturers,” says Y.T. Wu, president of Alltek. “Anadigics’ RF solutions are renowned in our marketplace for providing industry-leading performance and reliability, representing an exceptional fit for our line card. Leveraging our expansive sales, applications and distribution network, we intend to bring Anadigics’ product advantages to our customers in Asia.”
“We continue to raise the bar in customer satisfaction with innovative products backed by world-class sales and applications teams,” comments Michael Canonico, senior vice president of Worldwide Sales at Anadigics. “The addition of Alltek to Anadigics’ network of direct sales, manufacturers’ representatives and distribution partners strengthens our ability to provide flexible and responsive service to our customers. Alltek’s strong industry relationships and communications semiconductor expertise will expand our reach and enable growth in critical Asia-Pacific markets.”
NeoPhotonics takes on Ray Wallin as Chief Financial Officier Wallin has more than 30 years of experience in the high
technology industry
NeoPhotonics Corporation , a designer and manufacturer of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high speed communications networks, has appointed Ray Wallin as the company’s Senior Vice President and Chief Financial Officer.
Wallin has held senior financial management positions at several high growth semiconductor manufacturing companies and has extensive experience with both public and private companies including proven expertise in building a sound financial infrastructure within a company.
Wallin most recently served as Chief Financial Officer of Micrel, Inc., a specialist in analogue, high bandwidth communications and Ethernet IC solutions where he led the finance, investor relations, human resources and IT departments globally. He drove a strategy of improving gross and operating margins, reducing manufacturing and overhead costs, and maintaining a strong balance sheet and cash flow.
“Ray is the ideal candidate to step into this important role on our management team. We are excited to have appointed a seasoned semiconductor industry veteran with an exemplary track record of managing complex components businesses with global manufacturing operations,” says Tim Jenks, Chairman and CEO. “We are looking forward to Ray’s contributions as we continue to grow our business, expand our operations including in Asia, and strive to increase shareholder value,” concludes Jenks.
“This is an exciting time to be joining NeoPhotonics. The company is led by a talented team and is well positioned to maintain its leadership position in the accelerating global adoption of 100G,” said Ray Wallin. “I look forward to helping strengthen the company’s systems and controls while working to improve its overall financial performance,” adds Wallin.
Prior to his role at Micrel, Ray served as CFO of Neterion, a leader in 10 Gigabit Ethernet (10 GbE) adapters for server and storage environments. In his prior role as Chief Financial Officer and Senior Vice President at Sipex Corporation, a public analogue semiconductor company, Wallin managed all financial and legal functions for the company.
He was also responsible for re-listing the company on the NASDAQ Capital Market and successfully managing a multi-year restatement process, bringing the company current with its periodic SEC reporting requirements.
Prior to Sipex, Wallin was Chief Financial Officer of iWatt January / February 2014
www.compoundsemiconductor.net 107
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