TORONTO --Cogency Technology Inc. here today announced it has merged with year-old Power Trunk Corp. of Ottawa to form a new fabless semiconductor company focused on chip sets for power-line networking. The new company, called Cogency Semiconductor Inc., will also pursue orthogonal frequency division multiplexing (OFDM) technology for broadband wireless applications.
Cogency was formed in 1995 and in recent years it has been focused on ASICs for PCI, 1394 serial links, Universal Serial Bus (USB), and chip sets for multi-processing using Pentium processors from Intel Corp. The core of Cogency's design team came from the Computer Product Division of LSI Logic Corp.
Power Trunk was founded in early 1999. The company has developed products based on its Channel-Adaptive Technology for transmission of high-speed signals in power-line networking applications.
"The combination of Power Trunk and Cogency couples advanced system-level engineering in power-line networking, and more generally, in OFDM coding, with world-class expertise in fabless semiconductor product development," said Ron Glibbery, president and CEO of the merged company.
The merger will enable the two operations to "address a broader set of technical issues," said Dan Rusheleau, president and chief executive officer of Power Trunk. Rusheleau will become executive vice president and general manager of power line products for the new company.
The financial terms of the merger were not released by the two companies.