Company Selected for Demonstrating Highest Financial and Governance Standards
ANADIGICS, Inc., a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications space, recently announced that it has been chosen by the NASDAQ Stock Market to join its Global Select Market for companies satisfying the highest financial and liquidity qualifications. Established in 2006, the NASDAQ Global Select Market was created as a separate market classification to drive greater recognition for world-class NASDAQ-listed companies that demonstrate a commitment to high standards and good governance.
"We are honored to receive this prestigious distinction from the NASDAQ Stock Market," said Mario Rivas, President and CEO. "Our company takes great pride in striving for excellence in all aspects of our business. So receiving this kind of recognition as one of NASDAQ's top companies is a tremendous point of validation for our efforts."
According to NASDAQ, qualifying for the Global Select Market is a mark of achievement, leadership and stature for the companies that are included, while also demonstrating a message of high standards to investors. ANADIGICS has been a publicly traded company on the NASDAQ Stock Market since 1995.
"We have enjoyed a long-term, highly successful affiliation with the NASDAQ Stock Market and we're excited about this next phase of our relationship as one of the elite Global Select members of the market," said Thomas Shields, Chief Financial Officer.
This recognition is another highlight from a highly successful 2010 for ANADIGICS. Through its most recent quarter, ended October 2, 2010, net sales for the company totaled $156.5M , up approximately 58.6 percent over the prior year. Looking ahead into 2011, ANADIGICS looks forward to building on its success with its new product design portfolio for 3G, 4G / LTE and Multi Mode Multi Band technologies, along with new design engagements with chipset providers and Tier I OEMs.
About ANADIGICS, Inc.
ANADIGICS, Inc. delivers integrated radio frequency (RF) solutions that OEMs and ODMs demand to optimize the performance of wireless, broadband and cable applications across all major networks and standards. ANADIGICS features a diverse portfolio of highly linear, highly efficient RFICs. Headquartered in Warren, NJ, the company's award-winning products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers and other components that can be purchased individually or packaged as integrated RF and front-end modules. For more information, visit www.anadigics.com.
SOURCE: ANADIGICS, Inc.