OTTAWA, Oct. 17 /PRNewswire-FirstCall/ -- Tundra Semiconductor Corporation (TSX: TUN), a leader in System Interconnect, announces today the implementation of an automatic securities purchase plan ("Plan") in connection with its normal course issuer bid ("NCIB") announced on April 7, 2008. The Plan was established to provide standard pre-determined instructions regarding how Tundra's common shares are to be purchased by Tundra's authorized broker, during self-imposed blackout periods. Purchases under the Plan are subject to all other restrictions applicable to the NCIB, including the daily and yearly repurchase limits, as disclosed in Tundra's press release of April 7, 2008.
The Plan will commence today and terminate together with the NCIB on April 8, 2009. The Plan constitutes an "automatic plan" for purposes of applicable Canadian securities legislation.
About Tundra
Tundra Semiconductor Corporation (TSX:TUN) supplies the world's leading communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by world-class customer service and technical support. Tundra's track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra's design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra's technology connects critical components in high performance embedded systems around the world. For more information, please visit http://www.tundra.com/.
TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor Corporation in Canada, the United States, the European Union and the People's Republic of China. Other registered and unregistered trademarks are the property of their respective owners.
(C) Copyright 2008 Tundra Semiconductor Corporation. All rights reserved.
Information subject to change without notice.
