IRVINE, Calif., Sept. 8, 2010 (GLOBE NEWSWIRE) -- Microsemi Corporation (Nasdaq:MSCC), a leading manufacturer of high performance analog/mixed signal integrated circuits and high reliability semiconductors, today announced it is a winner in the annual SOLAR Industry Awards competition. Presented by Solar PV Management Magazine, the SOLAR Industry Awards are voted on by industry professionals and recognize innovative products and manufacturing processes across the PV value chain that have the potential to change the way people live.
"We are extremely proud and honored that our LX2400 IDEALSolar™ solar bypass solution has been recognized with this prestigious photovoltaic industry award," said Paul Pickle, Vice President and General Manager of Microsemi's Analog Mixed Signal Group.
"With the lowest forward voltage drop in a bypass solution, the LX2400 is the first of its kind to address thermal reliability, operational cost, and power-generation efficiency challenges that are common in solar installations," Pickle added. "The LX2400 solution is designed to help meet demanding industry warranty and environmental survivability requirements while improving profitability and ROI, reducing operational expenses and break-even time, and improving energy efficiency."
Microsemi's LX2400 solution is the world's first solar bypass solution capable of increasing power generation efficiency in commercial, residential and industrial PV solar module applications. It is an integrated circuit solution based on technology developed by Microsemi in conjunction with Spelsberg ELS, an expert in connection systems for photovoltaic modules, and Fraunhofer Institute for Solar Energy (ISE), the largest solar energy research institute in Europe.
The LX2400 implements Microsemi's patented CoolRUN™ technology, which increases power-generation efficiency and significantly reduces operating temperatures while slashing the operational expense, reliability problems and associated warranty costs of traditional Schottky diodes. It will be used in junction boxes supporting both existing and next-generation high-power solar modules serving industrial, commercial, and solar power purchase agreement (PPA) applications.
Microsemi's solar bypass solution was recognized September 7 at a SOLAR Awards 2010 ceremony during the Global Demand Conference being held at the Feria Valencia Convention & Exhibition Centre in Valencia, Spain.
Microsemi Corporation, with corporate headquarters in Irvine, California, is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits, high reliability semiconductors and RF subsystems. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.
Microsemi's products include individual components as well as integrated circuit solutions that enhance customer designs by improving performance and reliability, battery optimization, reducing size or protecting circuits. The principal markets the company serves include implanted medical, defense/aerospace and satellite, notebook computers, monitors and LCD TVs, automotive and mobile connectivity applications. More information may be obtained by contacting the company directly or by visiting its website at .
The Microsemi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1233
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements concerning being a winner in the annual SOLAR Industry Awards competition and its affect on our LX2400 IDEALSolar™ solar bypass solution, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
CONTACT: Microsemi Corporation FINANCIAL CONTACT: John Hohener, Executive Vice President and CFO EDITORIAL CONTACT: Cliff Silver, Corporate Communications Manager (949) 221-7100