Oasis Semiconductor Withdraws Initial Public Offering

Business Wire, Dec 17, 2004

WALTHAM, Mass. -- Oasis Semiconductor, Inc., a leading supplier of semiconductor-based solutions to the All-In-One (AIO) peripheral market, announced today that it filed a request with the Securities and Exchange Commission (SEC) to withdraw the registration statement on Form S-1 for a proposed initial public offering of common stock that it filed on March 19, 2004.

The registration statement, withdrawn due to market conditions, had not been declared effective by the SEC, and no securities have been offered or sold.

About Oasis Semiconductor

Oasis Semiconductor, Inc. is a fabless semiconductor company that is a leading supplier of semiconductor-based solutions to the All-In-One (AIO) peripheral market. AIOs, also known as Multi- Function Peripherals (MFPs), may incorporate a printer, photo-printer, copier, scanner, and fax machine into a single device. The company's products, which provide the core system control functionality within an AIO, are commonly known as system controller solutions, and provide substantially all of an AIO's electronic processing functionality, including image capture and processing, motor control, print engine control, and connectivity with personal computers and other peripherals. The AIO brand name companies that use Oasis products include Canon, Dell, Lexmark, Sagem, and Sharp. Oasis was recently named New England's second fastest-growing technology company in the eighth annual Deloitte New England Technology Fast 50 Program. The company is headquartered in Waltham, Massachusetts, and its website is www.oasissemi.com.