Company Continues to Meet Milestones
MILPITAS, Calif., July 12 /PRNewswire-FirstCall/ -- Sipex Corporation
(Nasdaq: SIPX) today announced that the NASDAQ Stock Market ("NASDAQ") has
approved its transfer application for listing on NASDAQ's Global Market.
Less than three months after being re-listed on NASDAQ, the company will
move from NASDAQ's Capital Market to NASDAQ's Global Market effective with
the open of business on July 16, 2007. Sipex will continue to trade under
the symbol, SIPX.
"The move to NASDAQ's Global Market demonstrates Sipex's commitment to
its shareholders. This puts us in the peer group of companies that hold
themselves accountable to the highest public standards," said Ralph
Schmitt, chief executive officer for Sipex. He added, "Sipex has diligently
worked on developing a culture of high integrity and trust. We have
continued to execute on our plans, and this milestone is another successful
step in our journey forward."
About Sipex Corporation
Sipex Corporation is an analog semiconductor company that addresses
standard linear and application specific standard products (ASSP) for
customer systems that are primarily targeted at the consumer, networking
and industrial markets. The products are categorized into three synergistic
areas of power management, interface and optical storage. Sipex is a global
company with operations in Asia, Europe and North America. It is the
mission of the company to create innovative analog products that enable
customers to produce differentiated products. For more information about
Sipex, visit http://www.sipex.com.
Safe Harbor Statement Regarding Forward Looking Statements
This press release contains forward-looking statements concerning
Sipex's future events including, but not limited to statements about the
Company continuing to execute on its plans. Statements regarding the
Company's beliefs, plans, expectations or intentions regarding the future
are forward-looking statements, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. All such forward looking statements are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
predictions and involve risks and uncertainties, such that actual results
may differ significantly. These risks include, but are not limited to, the
risk that Sipex may not continue to execute on its plans. The Company
disclaims any intention or obligation to publicly update or revise any
forward-looking statements, whether as a result of events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.
All forward-looking statements are made as of today, and the Company
disclaims any duty to update such statements.
For additional information, contact:
Ralph Schmitt, Chief Executive Officer
Phone: 408-934-7500
Fax: 408-935-7686
Email: rschmitt@sipex.com
SOURCE Sipex Corporation
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Related links:
http://www.sipex.com
http://www.prnewswire.com/comp/111683.html/
CONTACT:
Ralph Schmitt, Chief Executive Officer of
Sipex Corporation, +1-408-934-7500, fax, +1-408-935-7686,
rschmitt@sipex.com
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