Philips and Accton Form Joint Venture Jul 7, 2003

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Royal Philips Electronics and Accton Technology Corporation of Taiwan announced the formation of Arcadyan Technology Corporation. According to the companies, this joint venture, established on July 7, 2003, brings wireless infrastructure expertise and combines it with advanced A/V technology integration expertise. Headquartered in Hsinchu, Taiwan, Arcadyan reportedly has outstanding shares of 52% for Accton and 48% for Philips. Both Philips and Accton will have three seats on the board, the companies said. Both companies are customers and development partners of the joint venture for wireless connectivity products.

According to the companies, Arcadyan’s objective is to address the increasing market requirements for advanced, easy-to-use, and cost-effective wireless solutions based on state-of-the-art technology in Wi-Fi (802.11), Bluetooth(TM), and other industry standards. This includes a full line of access points and gateways including a Powerline Communication/802.11b bridge, worldwide-approved 802.11a/b/g solutions, emerging consumer applications like the recently launched Home Wireless A/V Platform, and Bluetooth data and audio products.

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