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Hong Kong and Irvine, CA, May 11, 2015 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC Technologies", HKEx: 02018), a world-leading miniature technologies solution provider, announced the completion of the acquisition of WiSpry, Inc. ("WiSpry").
WiSpry is a leader in high-performance tunable radio frequency ("RF") semiconductor products for the wireless industry and a pioneer of RF micro-electro-mechanical systems ("MEMS") solutions, with products relating to antenna tuning and filters for mobile devices. Immediately after the completion of the transaction, WiSpry becomes a wholly owned subsidiary of AAC Technologies and will continue the development of their market-leading performance RF MEMS enabled products.
AAC Technologies continues to build on its core competencies of simulation, design and manufacturing with this acquisition. AAC Technologies is growing strongly in the field of RF and antennas, and this acquisition enables the development of new solutions to conquer new challenges and complements the strategy to offer miniaturized component total solutions.
"With the continued growth of LTE-A and a demand for ever better performing mobile devices, WiSpry's tunable RF products will be critical to meet mobile operator's performance requirements," said Jack Duan, COO at AAC Technologies. "The deep knowledge and market experience of the WiSpry team is world class and unique. When combined with AAC Technologies' extensive R&D and OEM relationships, we believe we will be able to provide market-leading integrated tunable antenna solutions to meet and exceed the toughest performance challenges."
"We are very pleased and excited to become part of the AAC Technologies global team," said Jeff Hilbert, President, CEO and Founder of WiSpry. "The combination of skills and experience, backed by AAC Technologies' market presence and resources, will enable the combined team to rapidly innovate the new products and solutions customers will require, as we move rapidly towards an ever-increasingly wirelessly connected world."
About AAC Technologies Holdings Inc.
AAC Technologies is a constituent stock of Hang Seng Corporate Sustainability Index, Hang Seng Mainland 100 Index, Hang Seng Composite LargeCap Index, Hang Seng Composite Industry Index (Information Technology), MSCI China Index and FTSE Hong Kong Index.
AAC Technologies is an established designer, developer and manufacturer providing a range of miniaturized innovative technology solutions integrating acoustic and non-acoustic segments. Acoustic solutions include speakers, receivers and MEMS microphones. Non-acoustic solutions include haptics vibrators, RF and antennas, and optical lenses. The Company's products are found in mobile devices, including smartphones, tablets, wearables, ultrabooks, notebooks and electronic book-readers. The Company is global in scope with research and development centers and has established sales offices in key markets serving a large number of geographically diverse customers in the consumer electronics market.
www.aactechnologies.com
About WiSpry Inc.
Headquartered in Irvine, Calif., WiSpry, Inc. was founded in 2002 and provides tunable RF products that revolutionize wireless technology. The fabless RF semiconductor company utilizes micro-electro-mechanical systems (MEMS) technology to design reconfigurable products, enabling wireless product and infrastructure manufacturers to support higher performance, next generation multi-band and multi-standard device and network architectures. Leveraging standard RF-CMOS process flows, WiSpry integrated components and modules deliver optimal flexibility and tunability without sacrificing performance. For more information, visit www.wispry.com.
WiSpry and all related marks are property of WiSpry, Inc.
Contacts:
AAC Technologies Holdings Inc.
Connie Chin
Head of Investor Relations
Tel: +852 3470-0079
Email: ConnieChin@aactechnologies.com
WiSpry, Inc.
Marcia Barnett
MBConsulting, Inc.
Tel: +1 214-868-8861
Email: marcia.barnett@sbcglobal.net
Topic: Press release summary
Source: AAC Technologies Holdings Inc.
Sectors: Electronics, Daily Finance, IT Individual
https://www.acnnewswire.com
From the Asia Corporate News Network
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