SEOUL, South Korea , July 25 /PRNewswire-FirstCall/ -- Pixelplus Co., Ltd.
(Nasdaq: PXPL), a fabless semiconductor company in Korea that designs,
develops, and markets CMOS image sensors for various consumer electronics
applications, today announced that the Company received a Staff Determination
letter from Nasdaq on July 22, 2008 indicating that the Company is failing to
comply with the minimum
In response, the Company has submitted a transfer application to The Nasdaq Stock Market's Listing Qualifications Staff ("Staff") to transfer its listing of its American Depository Receipts ("ADRs") from The Nasdaq Global Market to The Nasdaq Capital Market.
Pixelplus will issue a separate announcement once it receives the Staff's decision on the Company's transfer application.
About Pixelplus Co., Ltd.
Pixelplus is a South Korea -based developer of high-performance, high-resolution, and cost-effective CMOS image sensors for use primarily in mobile camera phones. In addition to mobile phones, Pixelplus provides CMOS image sensors and SoC solutions for use in webcams and notebook embedded cameras, toys and games, and security and surveillance systems applications.
As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop CMOS image sensors with sharp, colorful and enhanced image quality, size efficiency, and low power consumption.
SOURCE Pixelplus Co., Ltd.