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Xicor to acquire battery solutions provider

Posted: 15 Sep 2003 ?? ?Print Version ?Bookmark and Share

Keywords:xicor poweready? charging systems? smbus? battery management?

Xicor Inc., a supplier of analog and mixed-signal ICs, has signed a definitive agreement to acquire Poweready Inc. Poweready designs, develops and manufactures charging systems for SMBus battery management applications. The company has developed substantial intellectual property in Level 1, 2, and 3 charging as well as SMBus 1.1 compliant battery management, charging, safety circuit, fuel gauging, and cell balancing solutions that maximize the efficiency of batteries.

"The acquisition of Poweready will provide Xicor the intellectual property and customer relationships necessary to expand our presence and penetrate the explosive area of smart battery management," said Xicor President and CEO, Lou DiNardo. "Our existing solutions for 3-cell and 4-cell Li-ion and lithium polymer battery systems have been successful in notebook computing and portable test, measurement and medical equipment in part because of our relationship with Poweready and their understanding of the rechargeable battery market."

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