10 January 2011

Anadigics joins NASDAQ Global Select Market

Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA has been chosen by the NASDAQ Stock Market to join its Global Select Market for companies satisfying the highest financial and liquidity qualifications.

Established in 2006, the NASDAQ Global Select Market was created as a separate market classification to drive greater recognition for world-class NASDAQ-listed firms that demonstrate a commitment to high standards and good governance.

According to NASDAQ, qualifying for the Global Select Market is a mark of achievement, leadership and stature for the companies that are included, while also demonstrating a message of high standards to investors.

Anadigics has been a publicly traded company on the NASDAQ Stock Market since 1995. “We have enjoyed a long-term, highly successful affiliation with the NASDAQ Stock Market,” says chief financial officer Thomas Shields.

For the nine months of 2010 (ended 2 October), Anadigics’ net sales totaled $156.5m, up 58.6% year-on-year. Looking ahead into 2011, the firm says that it looks forward to building on its success with its new product design portfolio for 3G, 4G / LTE and multi-mode multi-band technologies, along with new design engagements with chipset providers and tier-1 OEMs.

Tags: Anadigics

Visit: www.anadigics.com

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