SOURCE: RFaxis

RFaxis

February 16, 2011 11:00 ET

RFaxis Partners With Leading Distributor, WT Microelectronics, to Support Major Business Expansion in APAC Region

WT Micro Signs Agreement With RFaxis to Distribute Its Complete Line of RFeIC™ and RF Components in Taiwan, China and South Asia

IRVINE, CA--(Marketwire - February 16, 2011) - RFaxis, a fabless semiconductor company focused on innovative, next-generation RF solutions for the wireless connectivity and mobility markets, today announced that it has signed a distribution agreement with WT Microelectronics, a leading distributor of electronic components and semiconductors in Asia. WT Microelectronics will distribute RFaxis' complete product lines including its RF Front-end Integrated Circuits (RFeIC™) and RF components in Taiwan, China, India, Malaysia, Singapore and Thailand.

Founded in 1993 and headquartered in New Taipei City, Taiwan, with offices in Kaohsiung, Hong Kong, Shenzhen, Shanghai and over 20 other cities in China and South Asia, WT Microelectronics is one of the largest electronic components distributors in the APAC region. The company's product lines include integrated circuit (IC) products from global tier-1 semiconductor vendors such as Texas Instruments, ST Microelectronics, Fairchild, Maxim Integrated Products and Marvell Semiconductor. WT Microelectronics' revenue totaled US$2 billion in 2010. With strong growth in notebook, tablet PC and Smartphone markets, a booming Asian economy and new applications, WT Microelectronics is on a solid growth path and expects its annual revenue to reach US$3 billion within the next three years.

In order to scale its rapidly growing business and enable better alignment with strategic partners, RFaxis recently announced that the Company has been partitioned into three distinct business units: Wireless Connectivity, Mobility/Cellular and Antennas. The addition of WT Microelectronics to its existing distribution channel will allow RFaxis to reach out to more customers in the Greater China region and promote its game-changing CMOS-based single-chip/single-die RF Front-end ICs for wireless connectivity markets including Wi-Fi, Bluetooth, ZigBee as well as the upcoming Mobility product family for 2G/3G/4G cellular device applications.

Willie Sun, vice president of WT Microelectronics, commented, "We are very pleased to enter into a channel relationship with RFaxis. We have reviewed the RFaxis RFeIC portfolio and have concluded that this portfolio contains truly unique products that will have a significant impact on the rapidly growing wireless communications market segment. Because the wireless communications segment is strategically important for the future growth of WT Microelectronics, we look forward to collaborating closely with RFaxis and achieving successes together."

Mike Neshat, CEO & chairman of RFaxis, stated, "Greater China has always been a very strategic market for RFaxis. WT Microelectronics, with over 20 branch offices in this region, is an excellent partner to accelerate our expansion in the wireless connectivity and cellular device marketplace. We are excited that our product focus on wireless communications aligns with WT Microelectronics' growth strategy, and look forward to an enduring partnership. We are also truly impressed by WT Microelectronics' outstanding technical marketing and sales support, as well as their strength in logistics. Together, we will bring immediate value and substantial benefits to our end customers."

About RFaxis, Inc.
Incorporated in January 2008, RFaxis, Inc. is an Irvine, California-based company specializing in the design and development of RF semiconductor and antenna solutions for connectivity and mobility applications. With its patent pending technologies, the company leads the way in next-generation wireless solutions designed for the multibillion dollar Bluetooth, WLAN, 802.11n/MIMO, ZigBee, WiMAX, WHDI, and cellular device markets. Leveraging pure CMOS and BiCMOS technology in conjunction with its own innovative approach and technology, RFaxis is home to the world's first RF Front-end Integrated Circuit (RFeIC™). More information can be found at: www.rfaxis.com.

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