WESTLAKE VILLAGE, Calif. and OSLO, Norway, June 1 /PRNewswire/ -- Dolphin
Interconnect Solutions, Inc. today announced it has signed a definitive
agreement to sell and license certain Dolphin technology to Sun Microsystems,
Inc. Sun will use this, and a number of Dolphin engineers who will transition
to Sun, as the nucleus of a new Engineering Site in Oslo, Norway specializing
in InfiniBand development. The closing of the transaction is subject to the
usual and customary closing conditions and Dolphin's shareholder approval.
"For Dolphin -- this exciting transaction, months in the planning stages,
allows us to immediately enhance profitability, gain flexibility, and retool
for aggressive entry into the Industrial, Telecom, Parallel Computing, and
Internet markets -- while continuing our ongoing business with Sun and our
many other customers," said JC Pat Darden, CEO at Dolphin. "And,
synergistically, it enables one of our best customers and development partners
to rapidly start an InfiniBand engineering site in Oslo."
"InfiniBand is the next generation in I/O interconnect architecture. It
will advance system scalability and availability -- both of which are key to
creating systems to serve the booming Net Economy," said Greg Papadopoulos,
Sun's chief technology officer. "Sun is committed to this standard -- and to
being a leading developer in this space The proposed acquisition and licensing
of Dolphin's interconnect technology will advance Sun's InfiniBand
implementation efforts."
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The
Computer(TM)" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its
position as a leading provider of industrial-strength hardware, software and
services that power the Internet and allow companies worldwide to ".com" their
businesses. With $14 billion in annual revenues, Sun can be found in more
than 170 countries and on the World Wide Web at http://www.sun.com.
About Dolphin Interconnect Solutions
Dolphin Interconnect Solutions, Inc. products and technologies enable
customers to build highly scaleable, enterprise-class clustering solutions
with standards-based hardware and software. Incorporated in the United
States, Dolphin Interconnect was founded in 1992 in Oslo, Norway. It develops
and manufactures high speed and low latency Networking Cards, programming
support tools, and services for clustering Windows, Solaris, VxWorks, and
Linux servers. The company is owned by independent investors and employee
shareholders. Additional information on Dolphin Interconnect Solutions, Inc.
may be found at the company's web site at http://www.dolphinics.com.
The above news release contains forward looking statements that involve
risks and uncertainties. Actual results may vary materially from the results
discussed in the forward-looking statements. Factors that may cause such a
difference include those risks surrounding the closing of the acquisition,
timely development, production and acceptance of new products and services,
the ability to compete in the highly competitive and rapidly changing
marketplace and the other risks detailed from time to time in Dolphin's
periodic reports to it's stockholders.
For more information, please contact Darren Shuster, PR Representative for
Dolphin Interconnect Solutions, 805-497-1950, darren@westcoastpr.com
SOURCE Dolphin Interconnect Solutions, Inc.
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Related links:
http://www.dolphinics.com
CONTACT:
Darren Shuster, PR Representative for Dolphin
Interconnect Solutions, 805-497-1950, darren@westcoastpr.com
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