September 6, 2005 -- SigmaTel, Inc. has acquired Oasis Semiconductor, Inc., a privately held fabless designer of semiconductor solutions for the multi-function printer (MFP) market, also known as the All-In-One (AIO) peripherals market. The acquisition of Oasis lets SigmaTel extend its market presence and mixed-signal integrated circuit expertise beyond digital audio and video to include a comprehensive suite of MFP system controller solutions. Oasis Semiconductor's products provide the core system control that enables printer, photo-printer, copier, scanner and fax machine functionality on a single device.

In connection with the acquisition, SigmaTel paid $57 million in cash to the former stockholders of Oasis and has agreed to make an additional payment of up to $25 million pursuant to the terms of an earn-out provision based on the achievement by the Oasis business of certain calendar-year 2006 revenue milestones.

"Expanding SigmaTel's product offerings and entering new markets by acquiring complementary technology is a critical component of the company's ability to remain one of the industry's leading and most dynamic developers of mixed signal semiconductor solutions," said Ron Edgerton, president and CEO of SigmaTel. "The Oasis acquisition marks SigmaTel's entry into the MFP market and opens new imaging market opportunities and helps ensure we continue on our successful growth path."

Oasis Semiconductor's technology optimizes the capture, processing, display and distribution of still image documents and photographs in MFP and associated products. An Oasis SoC can capture an image from a scanner or digital camera, transmit the image over USB, Wi-Fi or Ethernet and print the image with photographic clarity via an inkjet or laser print engine taking advantage of the company's expertise in color science, image processing, motor control and communications standards.