MILPITAS, Calif., Nov. 2 /PRNewswire-FirstCall/ -- Sipex Corporation
(SIPX.PK), a leading supplier of high performance, analog integrated circuits
(ICs), today announced the formation of an alliance between Businesses United
in Investing, Lending and Development ("BUILD") and Sipex Corporation. BUILD
is a social venture, chartered in September 1999, which bridges the divide
between youth in East Palo Alto and Eastern Menlo Park and the business and
intellectual resources of Silicon Valley. BUILD empowers youth from low-income
communities to excel in the classroom, on the job, and beyond by giving them
an education in entrepreneurship. By encouraging students to develop their own
small businesses, BUILD extends traditional entrepreneurial education far
beyond the classroom and provides students with real-world business
experiences. Intensive involvement of local business and community leaders in
mentoring and support of the students, and an operating youth incubator are
central and distinctive components of the program.
Speaking to this alliance, Ralph Schmitt offered, "I have had the pleasure
of working with BUILD over the years and have been impressed with its efforts
in developing new business leaders by exposing them to truly running a real
business. These young students would normally not be exposed to such an
amazing opportunity to learn and ultimately fund their continuing education."
Sipex values people development and has incorporated new internal programs
to help employees reach their career goals. The company is also socially
responsible and will work with key organizations in the community to help
develop the underprivileged and allow them to share in some of the possible
entrepreneurial wealth creation in Silicon Valley.
About Sipex
Sipex Corporation is a semiconductor company that designs, manufactures
and markets high performance, value-added analog integrated circuits (IC).
Sipex serves the broad analog signal processing market with interface, power
management and optical storage ICs for use in automotive, portable products,
computing, communications, and networking infrastructure markets. The Company
is headquartered in Milpitas, CA with additional offices in Belgium, Canada,
China, Germany, Japan, and Taiwan. Sipex sells products direct and through its
distribution channels. For more information about Sipex, visit http://www.sipex.com.
Ralph Schmitt
Chief Executive Officer and Member of the Board
Phone: 408-934-7500
Fax: 408-935-7600
SOURCE Sipex Corporation
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Related links:
http://www.sipex.com
Company News On-Call:
http://www.prnewswire.com/comp/111683.html
CONTACT:
Ralph Schmitt, Chief Executive Officer and
Member of the Board of Sipex Corporation, +1-408-934-7500, or
fax, +1-408-935-7600
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