Welcome to our dedicated page for Parade Technologies news (Ticker: PTCYZ), a resource for investors and traders seeking the latest updates and insights on Parade Technologies stock.
Parade Technologies Ltd (PTCYZ) is a leading fabless semiconductor company specializing in mixed-signal integrated circuits for display interfaces, touch controllers, and high-speed data solutions. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological advancements.
Access comprehensive coverage of Parade Technologies' press releases, including earnings reports, strategic acquisitions, product innovations, and partnership announcements. The curated collection serves as a reliable resource for tracking the company's role in shaping display standards and expanding into high-growth markets like data centers and AI applications.
Key updates include developments in IC design, advancements in video interface technology, and operational milestones. Bookmark this page for direct access to official announcements and analysis-free updates straight from the source. Check back regularly to stay informed about Parade Technologies' contributions to semiconductor innovation and market leadership.
Spectra7 Microsystems has completed the sale of substantially all its assets to Parade Technologies for US$9 million in cash. The net cash payment at closing was US$6.44 million, after deducting US$756,226 in bridge loans and US$1.8 million held in escrow for potential indemnity claims.
The company plans to distribute the proceeds to shareholders and pre-funded warrant holders through a Special Distribution on April 28, 2025, consisting of cash and contingent value rights (CVRs). The estimated cash distribution is approximately US$1.07 million (US$0.0039 per share), with potential additional distribution to CVR holders of US$1.8 million (US$0.0065 per share) following the escrow release date.
Spectra7's common shares are expected to be delisted from the TSXV on or about April 28, 2025, following shareholder approval on April 17, 2025.
Spectra7 Microsystems has entered into a definitive agreement with Parade Technologies for the sale of substantially all of its assets for US$9 million. The assets include intellectual property, products, designs, and inventory. The transaction will enable Parade to market Spectra7's active cable products and leverage its SiGe-technology for high-speed solutions.
The purchase price includes a US$1.8 million escrow amount and bridge loans totaling US$750,000. Spectra7 plans to distribute approximately US$5.1 million to shareholders in two special distributions: an initial payment of about CDN$0.018 per share and a second distribution of approximately CDN$0.01 per share after the escrow release.
The transaction requires approval from 66 2/3% of Spectra7 shareholders at a meeting scheduled for April 14, 2025. Shareholders holding 57.62% have already agreed to vote in favor. The deal is expected to close in Q2 2025.
Parade Technologies has announced the release of the PS8838 and PS8839, which enable DisplayPort 2.1 over USB-C for commercial and consumer devices. The PS8838 is a USB 3.2 Gen 2x1 MUX with retiming capabilities, while the PS8839 functions as a DeMUX/Retimer for sink applications. Both devices comply with USB-IF USB 3.2 and VESA DP 2.1 standards, supporting high data rates and low power consumption, enhancing battery life for mobile devices. Samples are currently available in a compact 62-pin QFN package.
Parade Technologies has unveiled the TC3222, a new eDP Timing Controller (Tcon) with embedded driver aimed at providing lower-cost solutions for a-Si and Oxide TFT panels. This single-chip alternative to traditional multi-chip configurations supports resolutions up to 3072x2160 and features a compact COG design. The TC3222 is compliant with eDP 1.4b standards and supports Multi-SST Operation and Dynamic Refresh Rates. It eliminates the need for external timing references and supports 2886 output channels. Production samples are available now, with the TC3230 also on the horizon.
Parade Technologies has launched the PS8936 retimer chip, compatible with PCI Express Rev. 5.0 and Compute Express Link, supporting up to 32 Gbps operations across sixteen lanes. This chip not only promotes backward compatibility with earlier versions (2.5 Gbps to 16 Gbps) but is also engineered for enterprise systems, servers, and high-performance workstations. The PS8936 features advanced equalization capabilities to mitigate channel loss and operates effectively in a wide temperature range. Currently available in an 8.9mm x 22.8mm BGA package, it is set to enhance data integrity for emerging high-speed applications.
Parade Technologies announces new additions to its HDMI 2.1/2.0 portfolio with the PS8419, PS8219, and PS8210 redriver solutions. The PS8419 retimer is already in high-volume production, while the other two are currently sampling. These products offer pin compatibility, enhancing OEM flexibility in product design and improving time-to-market. With support for up to 12Gbps signaling for 8K video, these devices are optimized for battery-powered systems and emphasize low power consumption.
Parade Technologies has launched the PS8570 PCIe Express 4.0 16Gbps linear redriver, suitable for PC, server, and datacenter use. This quad-channel device operates under 70mW/channel, supporting low power consumption and extending battery life in mobile devices. The innovative 2x2 crossbar switch allows for versatile interconnect configurations, enhancing system performance. Currently available for sampling, the PS8570 is offered in both commercial and industrial temperature ranges. Parade Technologies is a prominent supplier of mixed-signal ICs, contributing to the advancement of high-speed data integrity solutions.
Parade Technologies has announced the launch of the PS5169 and PS5170 linear redrivers, enhancing USB 3.2 and DisplayPort 1.4a capabilities for smartphones and ultra-mobile devices. These devices support high-speed data transmission of up to 10 Gbps and 8.1 Gbps respectively, while consuming minimal power, with a deep sleep mode using about one micro-watt. The PS5169 is already in production, while the PS5170 is sampling. Both come in compact packages tailored for mobile applications.
Parade Technologies has unveiled its new DP818 and DP817 timing controllers, featuring integrated touch capabilities and designed for high-resolution notebooks. These devices support a resolution of up to 2560x1600 RGB at 60 Hz, adhere to the eDP 1.4b standard, and deliver advanced features like HDR and Panel Self-Refresh. The TC2200 source driver enhances touch functionality, while the TC2201 gate level shifter enables voltage modulation for improved performance. Samples of these products are currently available, showcasing Parade's commitment to innovation in display technology.
