Parade Technologies Completes Acquisition of Fresco Logic

Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed data transport IC supplier, today announces the completion of its acquisition of Fresco Logic, Inc. for an aggregate purchase price of US$37.5 million in cash.

Parade believes the synergy of Fresco’s USB expertise with Parade’s proven high-speed data transport experience will greatly benefit Parade’s USB4 product integration development. Leveraging the intellectual property portfolio of each company should serve to position Parade as a key supplier of integrated solutions for USB4 host, hub, docking, and device applications. As an established leader in interface devices for USB, PCI Express, and DisplayPort, all of which will now be supported through the high-speed USB4 interface, the acquisition of Fresco Logic presents an evolutionary growth opportunity for Parade.

About Parade Technologies, Ltd.

Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of widely deployed high-speed data interface standards used in personal computers, enterprise systems, consumer electronics, and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange (TPEx) in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, PCI Express, and USB ICs for interface, display, and storage applications.

In addition to a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is an active member of the Video Electronics Standards Association (VESA), USB Implementers Forum, PCI Special Interest Group, HDMI Forum, MIPI Alliance, and other related standards development organizations.

Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s "standards-plus" design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.

Parade Technologies and the Parade logo are trademarks of Parade Technologies, Ltd. All other trademarks are property of their owners.

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Contacts

Parade Contact:
Yo-Ming Chang
+886-2-2627-9109
ir@paradetech.com