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Wednesday, September 20, 2006
Sipex Announces Termination of SEC Investigation
Milpitas, California, (September 20, 2006) (OTC: SIPX.PK). Sipex today announced that it has received a notification from the Staff of the U.S. Securities and Exchange Commission that the investigation into matters related to the Company's historical financial reports and revenue recognition practices has been terminated, and no enforcement has been recommended to the SEC with respect to the Company.
"Now that this matter is behind us, we can focus our full attention on improving our company and growing our business," said Ralph Schmitt, CEO of Sipex.
About Sipex Corporation
Sipex Corporation is an analog semiconductor company that addresses standard linear and application specific standard products (ASSP) for customer systems that are primarily targeted at the consumer, networking and industrial markets. The products are categorized into three synergistic areas of power management, interface and optical storage. Sipex is a global company with operations in Asia, Europe and North America. It is the mission of the Company to create innovative analog products that enable customers to produce differentiated products.
CEO and Member of the Board of Directors