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Markham tech firm has blue chip prospects

According to an article in the Toronto Star, Markham tech firm Fresco Microchips Inc. is on the verge of becoming a major player in the television industry. Technology developed by the company was recently purchased by "consumer electronics giants" LG Innotek and Panasonic Electronic Device.

"…the company, headquartered in Markham with design centers in Ottawa and California, is meeting the challenge of decoding and processing TV signals from analog to digital in a shifting marketplace. Manufacturers must create hybrid products for North America, as it undergoes a transition to digital, as well as for emerging markets elsewhere. Fresco's patented technology also offers TV manufacturers a single chip that is not only cheaper but has a universal application.

Greggain, who co-founded Fresco with three colleagues in 2004, believes the company is poised to soar after consumer electronics giants LG Innotek and Panasonic Electronic Devices recently chose Fresco technology for their next-generation television products. The privately held company started with 10 employees and has grown to 48."

read full story here
original source Toronto Star
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