Mitel Corporation reemerges as Zarlink Semiconductor

May 30, 2001
May 30, 2001--Mitel Corporation, operating as a semiconductor company, is introducing a new global identity -- Zarlink Semiconductor -- under which it will deliver communications connectivity solutions to the voice and data networking market.

Mitel Corporation, operating as a semiconductor company, is introducing a new global identity -- Zarlink Semiconductor -- under which it will deliver communications connectivity solutions to the voice and data networking market.

Zarlink delivers wired, wireless and optical connectivity solutions that bring together networks and people, and it provides highly specialized ultra low-power chipsets for use in medical applications.

The Zarlink brand is the latest step in recent months to build a new competitive force in communications ICs. In the last six months, the company has zeroed in on semiconductor opportunities by shedding its operations in enterprise communications systems. It has brought aboard a new CEO, and it has stepped up efforts to fuel its product pipeline. Zarlink is maintaining high levels of research and development spending.

Zarlink will leverage its expertise in analog, digital, and mixed-signal technologies to deliver products with compelling cost, performance and innovation advantages for customers. The company is going to build on its positions in such areas as TDM switching, timing, and packet switching, and carve out new territory for future successes. Zarlink will be introducing a series of products that underscore this point.

Zarlink is now ramping up volume production on new 12-channel transceiver modules for very short reach, parallel fiber optic applications. Four- and eight-channel versions are in the pipeline. In the digital television market, the company has announced a new family of System-On-a-Chip solutions that will provide a commanding position in the market for integrated digital TVs and digital video broadcasting services. In cellular radios, Zarlink has already scored design wins for a new highly integrated single chip radio, code name Tiger Shark. It is also developing a new family of Digital Subscriber Line (DSL) products. And in its medical business, Zarlink is working on new chips for pacemakers and hearing aids based on a new low voltage, ultra low-power process.

"Zarlink" derives from the Latin word "Caesar" meaning "one having great power or authority" and the word "link" which means "to connect or be connected."

Zarlink will continue to report and file financial information as Mitel Corporation and trade on the New York and Toronto stock exchanges under the ticker symbol "MLT" until the new legal name of the company -- Zarlink Semiconductor Inc. -- is approved by shareholders. This is expected to occur at the company's Annual Shareholders Meeting in July.

About Zarlink:

Zarlink employs its analog, digital and mixed-signal capabilities to offer the most compelling products for wired, wireless and optical connectivity markets and ultra low power medical applications. For more information, visit www.zarlink.com.

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