Aware (AWRE) Agrees to Sell DSL and Home Networking Lines to Latiniq

October 20, 2009 9:24 AM EDT
Aware, Inc. (NASDAQ: AWRE) today announced it has agreed to sell assets associated with its Home Networking and DSL product lines for $6.75 million to Lantiq Broadband Holdco, Inc. and Lantiq Deutschland GmbH.

The sale includes Aware's home networking and digital subscriber line (DSL) technology and related fixed assets, an approximately 40-person silicon IP development team, and certain patents relating to these technologies.

Additionally, Aware and Lantiq have formed a strategic cooperation with respect to embedded wireline diagnostic technology and products that is expected to benefit both parties in their respective target markets. The transaction is expected to close by the end of 2009 and is subject to the closing of the acquisition of Infineon's Wireline Division by Golden Gate Capital/Lantiq in addition to standard closing conditions.

Lantiq is a newly formed fabless semiconductor company being spun out of Infineon Technologies AG and funded by Golden Gate Capital.

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