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PRESS RELEASES:
October 1st 2009 - LOGIC Devices enters into a Definitive Agreement for Sales
Management and Channel Sales services with Minco Technology Labs, Inc.
Sunnyvale, CA (October 1, 2009) - LOGIC Devices, Incorporated (NASDAQ:
LOGC), a fabless semiconductor developer of high performance, low power integrated
circuits and integrated multi-chip modules; today announced it has entered into a
Definitive Agreement with Minco Technology Labs, Inc., an Austin, Texas based Value-added
manufacturer and Sales Management company, to be LOGIC Devices's Sales Management
partner for all worldwide sales activities, effective November 1, 2009.
"The scope and intention of this Definitive Agreement is to greatly
improve our sales channel exposure, via a high-profile, best-in-class Sales Management
team that includes an established group of Manufacturers Representatives and Agents,"
stated David Harrison, VP of Marketing for LOGIC Devices. "LOGIC Devices is emerging
from a period of extensive product development that includes new silicon IP as well
as a large portfolio of plastic encapsulated, integrated multi-chip modules. The resultant
products appeal to a broad array of markets and applications; therefore, we have a
need to enhance our current sales and support structure to satisfy the challenges
the new products introduced, while continuing support for our legacy products and
customers," concluded Harrison.
"Today, small to medium-sized manufacturers must seek new and innovative
methods to create or expand both corporate and product recognition in a timely fashion
when traditional methods and channels do not meet market needs," stated Bill Volz,
President of LOGIC Devices. "This approach, partnering with an established, highly-regarded
sales management team and sales channel network, should dramatically improve time
to market, quality of service, and exchange of product and corporate information with
our customers, while expanding both our markets and customers served," concluded Volz.
"Minco Technology Labs, Inc. now will provide and manage for LOGIC
Devices, a well established and highly regarded global technical sales channel with
representation in over 30 countries," stated Kevin Jalbert, Director of Worldwide
Sales for Minco Technology. "We view this newest strategic partnership with LOGIC
Devices as a continuous expansion of growth opportunities for both companies' existing
customers, new customers and markets worldwide, delivering total product solutions
to a wide range of markets and applications," concluded Don Potter, President of Minco
Technology.
LOGIC Devices Incorporated (NASDAQ: LOGC) an ISO9001:2000 registered
corporation, is focused on developing high performance digital silicon and integrated
product solutions for high performance, power sensitive applications. Our products
meet or exceed the requirements for hi-reliability, broadcast video, medical imaging,
industrial-embedded computer, surveillance, and instrumentation, as well as, telecommunications
companies. More information about LOGIC Devices and its products is available at www.logicdevices.com.
Minco Technology Labs, Inc. and ISO9001:2000, ISO9002 and ISO19500
registered corporation, with its principal place of business at 1805 Rutherford Lane,
Austin TX 78754 is a Value Added manufacturer, Sales Management firm recognized in
the high technology sector as a firm centered on High Quality products and services.
For more information regarding Minco Technology, visit www.mincotech.com
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Any statements in this press release regarding expectations of
future events are "forward-looking statements" involving risks and uncertainties,
including, but not limited to, market acceptance risks, the effect of economic conditions
and shifts in supply and demand, the impact of competitive products and pricing, product
development, commercialization and technological difficulties, availability of capital,
and capacity and supply constraints. Please refer to the Management Discussion and
Analysis of Financial Condition and Results of Operations (MD&A) for a discussion
of risks in the most recent LOGIC Devices Annual Report on Form 10-K and the quarterly
report under Form 10-Q.
August 1st 2009 - Minco Technology Labs, Inc to market its line of CMOS4000,
54HC & 54HCT Logic family.
Minco Technology Labs, Inc to market its line of CMOS4000, 54HC &
54HCT Logic family.
This will allow Minco to meet DSCC's certified requirements in providing
it's military and aerospace customers a continuous SMD product support for these products.
April 1st 2009 - Minco Technology Labs, Inc has now added a second technical
stocking distribution company to service its HI-REL customers in North America.
Minco Technology Labs, Inc has now added a second technical stocking
distribution company to service its HI-REL customers in North America. Minco is pleased
to announce the addition of NAC Semi located in St. Petersburg, FL. The addition of
NAC Semi and their technical field sales engineers will continue to complement Minco's
commitment to its North American customers ensuring the highest level of service in
meeting our customer's needs.
First Quarter 2009 - First Quarter 2009- Minco Technology Labs, Inc. is pleased
to announce the expansion of its North American Technical Sales Channel across the
United States.
Minco Technology Labs, Inc. is pleased to announce the expansion of
its North American Technical Sales Channel across the United States. As a top HI-REL
products supplier, offering solutions for the Space, Military, Down-Hole, Industrial,
& Medical markets, Minco Technology Labs, Inc. has now expanded its technical
sales channel into the Northeast, Mid-Atlantic, Southeast, Central, and Southwest
areas to offer our customers unparalleled product support, solutions, and services.
Please refer to our website www.mincotech.com under
the "contact us" button for the listing of the Minco technical representative in your
area.
August 1st 2008 - Minco Technology Labs, Inc expands its International Sales
Channel agreement with Honeywell Inc, to include the High Temperature Electronics
Standard Products for the down-hole drilling markets.
Minco Technology Labs, Inc expands its International Sales Channel
agreement with Honeywell Inc, to include the High Temperature Electronics Standard
Products for the down-hole drilling markets.
Under the terms of this product line expansion, Minco Technology Labs,
Inc will have access to Honeywell's High Temperature Product Portfolio that includes
A/D Converters, SRAMs, Microcontrollers, EEProms, FPGAs, Digital/Mixed Signal ASICSs,
Operational Amplifiers, Analog Switches, Power FETs/Multiplexers, Linear Regulators,
and Clock Generators, enabling customers access to these products and services from
a market leader.
"Our customers will continue to benefit from the strong technical support
and program expertise that Minco Technology Labs continues to provide with its strong
market presence." say's Donald Potter, President of Minco Technology Labs, Inc.
September 17, 2007 - Minco Technology Labs, Inc., To Sell Honeywell Rad Hard
Microelectronics and High-Rel IC Emulation Solutions in Europe
Minco Technology Labs, Inc. announced today that it will represent
Honeywell as its international sales channel in Europe, South Korea, India, and Australia.
Under the terms of the agreement, Minco has access to Honeywell's product
portfolio of Radiation Hardened Mixed Signal and Digital ASICs, Logic and Structured
ASIC Components, Rad Hard Processors, FPGAs, Static RAMS, MCMs, Non-Volatile Memories,
A/D Converters and SERDES Communication I/O functions.
In addition to the radiation hardened products, Minco will be able
to sell obsolete replacement IC services and emulation solutions on high reliability
components in the European military and aerospace market. These emulation services
include replacing products ranging from FPGAs to digital to mixed signal ASICs, microprocessors
to microcontrollers, SRAM, FIFO and discrete analog functions.
"Today, in this very technical global market, the combination of Honeywell's
SOI CMOS Technology and Minco Technology Labs, Inc. as its international technical
sales channel in over 30 countries represents an ideal fit and excellent opportunity
for both companies." said Don Potter, President of Minco Technology Labs, Inc.
Download: Minco
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