[By NBC-1TV H. J Yook]TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions in the rapidly growing consumer electronics and telecommunications markets, today announced that the Company has begun shipping production volumes of its HDplay™ transceiver for a new High Definition (HD) projector developed by a top tier manufacturer in Asia. HDplay solutions have also been selected by this customer for additional projector models which are expected to begin production over the next two quarters.

The overall projector market continues to expand, driven by advancements in performance such as high definition video and by new applications such as pico-projectors which are expected to find continued adoption in devices such as smartphones and tablets over the next few years. Annual global shipments of projectors are expected to reach 39 million units in 2015, representing an estimated compounded annual growth rate of 35% over a five-year period according to a report by Pacific Media Associates.

“The production shipment of HDplay products for this leading customer represents a key milestone in the ramp of our new video connectivity business,” said Dr. Ali Khatibzadeh, president and CEO of TranSwitch. “We are engaged in design activities with many customers across a range of consumer end products and our opportunity funnel continues to grow. As a result, we anticipate increasing traction for HDplay products leading to additional design wins in the fourth quarter and setting the stage for continued growth in 2013.”