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businesswire

TranSwitch Corporation Retains Darrow Associates


  • Press Release
  • Source: TranSwitch® Corporation
  • On 10:00 am EDT, Monday September 21, 2009

SHELTON, Conn.--(BUSINESS WIRE)--TranSwitch® Corporation (NASDAQ: TXCC - News), a leading provider of carrier-class semiconductor solutions for the converging data, video and voice wireline and wireless networks, today announced that it has retained Darrow Associates, Inc. to assist the company with its investor relations program. With considerable experience and expertise in the telecommunications industry, Darrow Associates is a leading investor relations agency serving growing small-cap companies.

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TranSwitch entered 2009 with a goal to create a leaner, more efficient, growing, and profitable company which we call the ‘New TranSwitch’. Despite the calamitous economic conditions over the last twelve months, we have made considerable progress toward this goal,” stated Dr. Santanu Das, President and CEO of TranSwitch Corporation.

“We believe the ‘New TranSwitch’ has a strong platform to build on and we expect to be able to grow our business both organically as well as through additional accretive acquisitions as we move forward,” continued Dr. Das. “With a very compelling investment story, we have engaged Darrow Associates to assist TranSwitch with its investor relations program.” concluded Dr. Das.

About Darrow Associates

Darrow Associates is a boutique investor relations and financial communications consultancy based in Long Island that serves the needs of select small-capitalization companies. With offices in Long Island, New York City and Dallas, strategic programs are implemented with high level counsel provided by the firm’s principal consultants and focused on attaining results primarily for companies in growth sectors of the economy. Darrow Associates professionals have significant experience in consulting and working for companies in the technology, telecommunications, media, business services, alternative energy, clean technology, healthcare, consumer, industrial, and aerospace and defense industries. Additional information on the firm is available at www.darrowir.com.

About TranSwitch Corporation

TranSwitch Corporation designs, develops and markets innovative semiconductors that provide core functionality and complete solutions for voice, data and video communications network equipment. As a leading supplier to telecom, datacom, cable television and wireless markets, TranSwitch customers include the major OEMs that serve the worldwide public network, the Internet, and corporate Wide Area Networks (WANs). TranSwitch devices are inherently flexible, with many incorporating embedded programmable microcontrollers to rapidly meet customers’ new requirements or evolving network standards by modifying a function via software instruction. TranSwitch implements global communications standards in its VLSI solutions and is committed to providing high-quality products and services. TranSwitch, Shelton, CT, is an ISO 9001:2000 registered company. For more information, visit www.transwitch.com.

Forward-looking statements in this release, including statements regarding management's expectations for future financial results and the markets for TranSwitch's products, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements, including without limitation the risks associated with acquiring new businesses; the risk that any businesses acquired will not be integrated successfully or that the process of integration will be delayed; the risk that any business mergers or acquisitions will involve unexpected costs or unexpected liabilities; uncertainties concerning the effect of mergers or acquisitions on relationships with customers, employees and suppliers; and other risks associated with TranSwitch’s businesses such as the risk of downturns in economic conditions generally and in the telecommunications and data communications markets and the semiconductor industry specifically; risks in product development and market acceptance of and demand for TranSwitch's products and products developed by TranSwitch's customers; risks relating to TranSwitch's indebtedness; risks of failing to attract and retain key managerial and technical personnel; risks associated with foreign sales and high customer concentration; risks associated with competition and competitive pricing pressures; risks associated with investing in new businesses; risks of dependence on third-party VLSI fabrication facilities; risks related to intellectual property rights and litigation; risks in technology development and commercialization; and other risks detailed in TranSwitch's filings with the Securities and Exchange Commission.

TranSwitch expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.

TranSwitch is a registered trademark of TranSwitch Corporation.

Contact:

TranSwitch® Corporation
Robert A. Bosi
Chief Financial Officer
203-929-8810 ext. 2465
Robert.Bosi@transwitch.com
or
Darrow Associates, Inc.
Jordan M. Darrow, 631-367-1866
jdarrow@darrowir.com

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