SOURCE: Octasic Semiconductor

January 07, 2008 09:00 ET

Octasic Experiences Unprecedented Growth in 2007; Paves Path for First Shipments of Groundbreaking Vocallo Chipset in 2008

Company Records Over 50 Percent Growth in 2007 Revenues, Adds Key Management Role, and Expands Product Line

MONTREAL--(Marketwire - January 7, 2008) - Octasic Inc., a leading innovator of media processing solutions, today announced that after posting a 57 percent leap in revenue during 2007, the company is poised to deliver its groundbreaking Vocallo chipset -- the next-generation multi-core gateway DSP platform for voice, video and data over IP applications -- in early 2008.

"This past year was simply tremendous for us," said Michel Laurence, Octasic's chairman and CEO. "The strength of our products, our continued expansion into international markets, and our exciting new product developments are propelling the company forward. We look forward to an exciting 2008, as our recently announced Vocallo product ships and we enter new, diversified market areas."

Based on Opus, Octasic's DSP core architecture, the Vocallo expandable media gateway solution is the first DSP platform of its kind to enable a new flexible business model for OEMs designing media gateways. Qualified customers are participating in its Early Access Program, providing a "first look" at Vocallo, along with technical assistance and advantageous pricing.

"Octasic's growth is remarkable given the weak market conditions for communications semiconductors in 2007," said Joseph Byrne, senior analyst at The Linley Group. "The new high-density Vocallo voice processor expands the opportunities Octasic can pursue."

During 2007, Octasic's presence in international markets grew, with Asia now representing nearly 40 percent of the company's revenue. The company also added several new field application engineers in the region to support its growing customer base. In addition, the company's workforce grew by 50 percent, enhancing its engineering, marketing, sales and support departments.

Octasic achieved several other important milestones in 2007:

--  The company released its SoftEcho product -- the industry's most
    effective echo cancellation technology for a variety of VoIP and hands-free
    applications.
    
--  The company joined forces with three leading partners for its SoftEcho
    technology: Microsoft, ARM and Symbian.  Together, these partners help
    Octasic provide the best echo cancellation solutions on the market.
    
--  Alain Legault joined the company as vice president of engineering. Mr.
    Legault, formerly vice president of development for video products at
    Matrox, will lead Octasic's engineering team and its new developments in
    the video space.
    

About Octasic

Founded in 1998 and headquartered in Montreal, Quebec, Canada, Octasic Inc. is a global provider of complete silicon and software solutions for the converged carrier, enterprise and end-point communication equipment markets. Octasic's scalable leading-quality voice, video and data solutions offer next-generation manufacturers optimal flexibility and unmatched performance in terms of features, density, cost and power consumption. For more information, please visit www.octasic.com.

Contact Information

  • Octasic PR Contacts
    Joyce Radnor or Bree Clidence
    SVM Public Relations
    +1-617-787-5192 or +1-760-940-9025
    Email Contact or Email Contact