Press Release
PLX to Demonstrate World's First PCI Express Gen 3 Switch
SUNNYVALE, Calif. -- February 17, 2010 -- PLX Technology, Inc. (NASDAQ: PLXT), a leading global supplier of software-enriched silicon for the enterprise and consumer markets, today announced what is believed to be the world's first working PCI Express (PCIe) Gen 3 silicon. PLX will use this device to demonstrate PCIe Gen 3 capabilities to key partners this quarter. General availability of a complete portfolio of new PLX® PCIe Gen 3 switch products will be offered later this year, all of which are developed on 40nm technology. Enterprise servers and storage products featuring PCIe Gen 3 will be available in the first half of 2011 and are considered crucial to the advancement of data centers that enable cloud computing.
"We are very proud of the PLX team for its ability to achieve technology and market leadership in PCI Express, and now with 40-nanometer geometry," said Ralph Schmitt, president and CEO at PLX. "PLX is fully engaged with PCI Express leaders in server, storage and graphics, and we look forward to continuing to champion this key market."
PLX is now shipping one million units of PCIe products per quarter from its industry-leading ExpressLane™ family. With more than 65 percent share of the PCIe switch market, PLX to date has delivered almost 6 million switch and bridge units, including more than 20 million PCIe ports, to board and system designers worldwide. In a difficult economic environment, PLX had record revenue and unit shipments last quarter for PCI Express as it continues to see more customer designs move into production.
PLX expects its new PCIe Gen 3 switch family, which will be sampling later this year, to be the first switches in the industry fully compliant with the upcoming release of the PCI Special Interest Groups (PCI-SIG®) PCIe Gen 3 protocol featuring signaling speeds of 8GT/s. With advanced SerDes Decision Feedback Equalization (DFE) capabilities, PLX's new line of PCIe Gen 3 switches will allow significant reach and legacy operation for many backplanes in service today. PLX SerDes DFE capabilities enable use of PCIe Gen 3 in server and storage backplanes, high-speed cable connections to I/O subsystems, and linking high-performance computer clusters to support power efficient cloud computing. The devices offer PLX's proprietary visionPAK debug software, which allows, for example, internal receive-eye observation after equalization and access to the devices' internal debug registers enabling faster time to market.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release includes statements that qualify as forward-looking statements under the Private Securities Litigation Reform Act of 1995. These include statements about the Company's PCI Express products and their associated markets. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in the statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as reduced demand for products of electronic equipment manufacturers that use the Company's products and adverse economic conditions in general or those specifically affecting the Company's markets. Please refer to the documents filed by the Company with the SEC from time to time, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2008, and PLX's quarterly report on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2009, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.
About PLX
PLX Technology, Inc. (NASDAQ: PLXT), based in Sunnyvale, Calif., USA, is an industry-leading global provider of semiconductor-based connectivity solutions primarily targeting the enterprise and consumer markets. The Company provides manufacturers worldwide with innovative software-enriched silicon through feature differentiation, high-quality interoperability and superior performance. www.plxtech.com.
ExpressLane, PLX Technology and the PLX Technology logo are trademarks or registered trademarks of PLX Technology, Inc. All other product names that appear in this material are for identification purposes only and are acknowledged to be trademarks or registered trademarks of their respective companies. Other names and brands may be claimed as the property of others.
Editorial Contact:
Jerry Steach
CommonGround Communications (for PLX)
415.222.9996