安國國際科技(股)公司ALCOR MICRO, CORP.
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Alcor Micro announces its spin-off plan of three separate business entities.

Taipei, Taiwan, August 11, 2015 --  Alcor Micro Corporation (“Alcor” or the “Company”) (Taiwan OTC market: 8054) announced a plan, following its Board Of Directors’ approval today, to spin-off its Computer Peripherals (“CP”) related business, System-on-Chip (“SoC”) related business and Flash Card/eMMC controller related business for Mobile Storage (“MS”) into three 100% owned, but independently operating corporations, namely the “Alcorlink”, “AlcorVision” and the “Zetta Stortek”. Each new operating corporations, upon the approval of their respectively BOD/Shareholders and upon the deliberation and the approval of the Company’s shareholder meeting, currently scheduled to be held on September 30, 2015, would plan to offer newly issued, yet duly valued, common shares to Alcor in exchange for those of the assets, liabilities associated with operating for each of the three related business aforementioned. The record dates for each of the three spin-offs are all being targeted for January 1, 2016.

 

Dennis Chang, Chairman of the Board and the Chief Executive Officer of Alcor, said: "With the spin-off plan of the three independently run business entities, focusing on the Computer Peripherals business, the SoC business in the automotive Video Recording/ADAS area, the Flash and eMMC related ICs in the Mobile Storage business respectively, Alcor would return to its roots as the leading supplier in the Flash controller business for consumer storage, giving its impressive track record of delivering over billion of such ICs in aggregate”.  “Whereas, with an improved asset-focused execution, given the spin-off in motion”, Dennis went on to stress, “the Company could well be positioned to further promote and leverage the evolutional growth of the USB3.0, USB3.1 and other future standard-related controller ICs and poised to continue its engineering efforts in delivering devices and solutions meeting and surpassing the quality products that the market demands”.

 

The Company believes that the planned spin-off will:

    • Enhance Strategic Focus: Market/Product tailored to specific target with clear prioritization. Each company, Alcor and the three to-be-spin-offs will be positioned to capture its distinct growth opportunities, focused on its unique customers, with better resource allocation.
    • Improve operating efficiency & effectiveness in assets utilization: Simplified and latten organization with flexibility through independent operation.
    • Increase the scale-up opportunity: By leveraging collaboration in partnership, and/or strategic alliances with the complimentary technology/product profile, further enhanced by the scaled up opportunity supported through the central resources platform from Corporate Alcor.
    • Incentivize team with a startup mode: Focusing on directly related KPI, consistent with the responsibility and ownership incentive.
    • Create Distinct Investment Identities and Values: Each company presents compelling growth and margin profiles and to Improve Corporate group’s core competitiveness and Mission management in pursuing organic growth, strategic partnership, M&A, IPO opportunities, of which in turns to meet the expectation and the value enhancement for customers, shareholders and employees.  

 

Additional Information:
For additional information, including Frequently Asked Questions, regarding the spin-off described in this release.
About Alcor Micro Corporation.
Alcor Micro Corporation, formally established in 1999 with its Taiwan operation, is a fabless IC Design house with operations in various strategic locations. With an engineering team originally founded in Santa Clara, the heart of Silicon Valley, California, Alcor designs, develops, and markets highly integrated semiconductor chips and software solutions for the personal computer peripherals, consumer electronics in the storage, multimedia as well as automotive (after) markets.
Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements. Such statements include, but are not limited to, statements about the plans, objectives, expectations and intentions of Alcor Micro Corporation, including the benefits of the separation of the “Alcorlink”, “AlcorVision” and the “Zetta Stortek” from Alcor, and other statements that are not historical facts. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the businesses of Alcor. Alcor is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
 
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