SOURCE: Ikanos Communications

Ikanos Communications

October 25, 2010 17:39 ET

Ikanos Announces Filing of Shelf Registration Statement

FREMONT, CA--(Marketwire - October 25, 2010) -  Ikanos Communications, Inc. (NASDAQ: IKAN) today announced the filing of a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC").

Under the shelf registration statement, when declared effective by the SEC, Ikanos may offer and sell from time to time in the future in one or more public offerings up to $30 million of common stock and warrants or any combination thereof. The specifics of any future offering, along with the prices, terms and the use of proceeds of any securities offered by Ikanos, will be determined at the time of any offering and will be described in detail in a prospectus supplement filed at the time of the offering.

The registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any such state or jurisdiction. Any offering of these securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.

About Ikanos Communications, Inc.
Ikanos Communications, Inc. (NASDAQ: IKAN) is a leading provider of advanced broadband semiconductor and software products for the digital home. The company's broadband DSL, communications processors and other offerings power access infrastructure and customer premises equipment for many of the world's leading network equipment manufacturers and telecommunications service providers.

Ikanos Communications Cautionary Statement
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. Such forward-looking statements are based on our current expectations, assumptions and projections about future events related to our products, industry and business, management's beliefs, and certain assumptions, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. These statements may include, but are not limited to, statements regarding the ability of Ikanos to cause the shelf registration statement to be declared effective by the SEC and to offer and sell securities under the shelf registration statement. For a further discussion of the risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in Ikanos' Annual Reports on Form 10-K and its most recent Quarterly Reports on Form 10-Q. Ikanos cannot assure that the events and circumstances reflected in any forward-looking statements will be achieved or occur, nor does Ikanos undertake any obligation to update any forward-looking statements for any reason after the date of this press release.

Contact Information

  • Contact:
    Margo Westfall
    Ikanos Communications
    +1.510.438.6276
    Email Contact