Ambric suspends operations, announces sale of company and assets

DECEMBER 1, 2008--Ambric (Beaverton, OR, USA; www.ambric.com), a manufacturer of massively parallel processor arrays (MPPAs), has announced plans to sell the company including its product line, patents, and other assets. Ambric's programming model and silicon architecture provided the industry's first platform capable of delivering high-performance media processing solutions several times faster than what is currently possible on DSPs and FPGAs. Each Ambric MPPA chip has 336 32-bit processors delivering over 1 TeraOPS of performance. The company says one of its customers has developed an extremely high-performance imaging system utilizing 36 of its chips -- an array of more than 12,000 processors managed under one software platform.

Ambric says it was unable to secure additional financing in the current economic environment and has suspended all operations not associated with the sale of the company or fulfillment of existing customer production requests through its long-term supply agreements. It also has suspended R&D of its future product -- Avocet, targeted to launch in 2009 with 3.4 TeraOPS of processing power. Several companies to date have expressed interest in acquiring Ambric's products, technologies, and software solutions. The company plans to keep servicing its customers after concluding the sale.