Analog Devices Enhances IoT Sensing Portfolio with SNAP Sensor Acquisition
17 Marzo 2016 - 1:00PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI) today announced the
acquisition of SNAP Sensor SA, a privately held company based in
Switzerland that specializes in highly innovative vision sensing
technologies. The acquisition will advance Analog Devices’
leadership position in sensing and signal processing and build upon
platform-level Internet of Things (IoT) solutions such as ADI’s
award-winning Blackfin Low Power Imaging Platform (BLiP).
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Analog Devices Enhances IoT Sensing
Portfolio with SNAP Sensor Acquisition
- Learn more about SNAP Sensor SA:
http://www.snap-sensor.com
- Discover how ADI is enabling the
Internet of Things: http://www.analog.com/iot
- Learn more about BLiP:
http://www.analog.com/BLiP
SNAP Sensor’s patented technology offers significant
improvements to existing optical sensors by ensuring accurate image
detection in challenging lighting conditions. It drastically
improves sensing reliability and accuracy in a range of detection,
identification, and guidance uses. In addition, much of the image
management is performed on the sensor, enabling the use of
affordable and lower power processors.
“SNAP Sensor’s cutting-edge optical technology and vision
software and algorithm expertise allow us to continue unlocking new
possibilities for our customers in a wide range of IoT applications
such as building automation, building security, city management,
transportation, and more,” said Michael Murray, general manager of
Industrial Sensing, Analog Devices. “This acquisition further
enhances our sensing portfolio and ensures that we’re helping
customers realize the best possible outcomes from IoT
solutions.”
The SNAP Sensor team will remain in Switzerland to establish a
new Analog Devices R&D center and continue its close
collaboration with the Swiss research and technology organization
CSEM (http://www.csem.ch). “Our team is very enthusiastic about
joining Analog Devices,” said Pascal Dorster, CEO of SNAP Sensor.
“This provides us access to the engineering, supply-chain, and
commercialization resources needed to accelerate our growth and
continue advancing our technology vision.”
About Analog DevicesAnalog Devices (NASDAQ: ADI) designs
and manufactures semiconductor products and solutions. We enable
our customers to interpret the world around us by intelligently
bridging the physical and digital with unmatched technologies that
sense, measure and connect. Visit http://www.analog.com.
Follow ADI on Twitter at
http://www.twitter.com/ADI_NewsSubscribe to Analog Dialogue, ADI’s
monthly technical journal, at:
http://www.analog.com/library/analogDialogue/
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our
statements regarding expected benefits of our acquisition of SNAP
Sensor SA, expected advances in our technology and product
development efforts and expected benefits of SNAP’s technology
including on ADI’s IoT and BLiP offerings that are based on our
current expectations, beliefs, assumptions, estimates, forecasts,
and projections about the industry and markets in which Analog
Devices operates. The statements contained in this release are not
guarantees of future performance, are inherently uncertain, involve
certain risks, uncertainties, and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ
materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing Analog Devices’ expectations or beliefs as of any date
subsequent to the date of this press release. Important factors
that could cause actual results to differ materially from the
results described, implied or projected in any forward-looking
statements include: higher than expected or unexpected costs
associated with or relating to the transaction; the expected
benefits, synergies and prospects of the transaction may not be
achieved in a timely manner, or at all; SNAP Sensor’s business or
technologies may not be successfully integrated with ADI’s
following the closing; and other risk factors described in our most
recent filings with the Securities and Exchange Commission. We do
not undertake any obligation to update forward-looking statements
made by us.
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version on businesswire.com: http://www.businesswire.com/news/home/20160317005165/en/
Analog Devices, Inc.Linda Kincaid,
781-937-1472linda.kincaid@analog.com
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