TranSwitch® Corporation (NASDAQ: TXCC), a leading provider of
carrier-class semiconductor solutions for the converging data, video and
voice wireline and wireless networks, today announced that it has
retained Darrow Associates, Inc. to assist the company with its investor
relations program. With considerable experience and expertise in the
telecommunications industry, Darrow Associates is a leading investor
relations agency serving growing small-cap companies.
"TranSwitch entered 2009 with a goal to create a leaner, more
efficient, growing, and profitable company which we call the ‘New
TranSwitch’. Despite the calamitous economic conditions over the last
twelve months, we have made considerable progress toward this goal,”
stated Dr. Santanu Das, President and CEO of TranSwitch Corporation.
"We believe the ‘New TranSwitch’ has a strong platform to build on and
we expect to be able to grow our business both organically as well as
through additional accretive acquisitions as we move forward,” continued
Dr. Das. "With a very compelling investment story, we have engaged
Darrow Associates to assist TranSwitch with its investor relations
program.” concluded Dr. Das.
About Darrow Associates
Darrow Associates is a boutique investor relations and financial
communications consultancy based in Long Island that serves the needs of
select small-capitalization companies. With offices in Long Island, New
York City and Dallas, strategic programs are implemented with high level
counsel provided by the firm’s principal consultants and focused on
attaining results primarily for companies in growth sectors of the
economy. Darrow Associates professionals have significant experience in
consulting and working for companies in the technology,
telecommunications, media, business services, alternative energy, clean
technology, healthcare, consumer, industrial, and aerospace and defense
industries. Additional information on the firm is available at www.darrowir.com.
About TranSwitch Corporation
TranSwitch Corporation designs, develops and markets innovative
semiconductors that provide core functionality and complete solutions
for voice, data and video communications network equipment. As a leading
supplier to telecom, datacom, cable television and wireless markets,
TranSwitch customers include the major OEMs that serve the worldwide
public network, the Internet, and corporate Wide Area Networks (WANs).
TranSwitch devices are inherently flexible, with many incorporating
embedded programmable microcontrollers to rapidly meet customers’ new
requirements or evolving network standards by modifying a function via
software instruction. TranSwitch implements global communications
standards in its VLSI solutions and is committed to providing
high-quality products and services. TranSwitch, Shelton, CT, is an ISO
9001:2000 registered company. For more information, visit www.transwitch.com.
Forward-looking statements in this release, including statements
regarding management's expectations for future financial results and the
markets for TranSwitch's products, are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that these forward-looking statements involve
risks and uncertainties that could cause actual results to differ
materially from those contained in the forward-looking statements,
including without limitation the risks associated with acquiring new
businesses;
the risk that any businesses acquired will not be
integrated successfully or that the process of integration will be
delayed; the risk that any business mergers or acquisitions will involve
unexpected costs or unexpected liabilities; uncertainties concerning the
effect of mergers or acquisitions on relationships with customers,
employees and suppliers; and other risks associated with TranSwitch’s
businesses such as the risk of downturns in economic conditions
generally and in the telecommunications and data communications markets
and the semiconductor industry specifically; risks in product
development and market acceptance of and demand for TranSwitch's
products and products developed by TranSwitch's customers; risks
relating to TranSwitch's indebtedness; risks of failing to attract and
retain key managerial and technical personnel; risks associated with
foreign sales and high customer concentration; risks associated with
competition and competitive pricing pressures; risks associated with
investing in new businesses; risks of dependence on third-party VLSI
fabrication facilities; risks related to intellectual property rights
and litigation; risks in technology development and commercialization;
and other risks detailed in TranSwitch's filings with the Securities and
Exchange Commission.
TranSwitch expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any such statements to
reflect any change in expectations or any change in events, conditions
or circumstances on which any such statement is based.
TranSwitch is a registered trademark of TranSwitch Corporation.