SHELTON, CT – December 11, 2009 – TranSwitch® Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions for the converging data, video and voice wireline and wireless networks, today announced that on December 09, 2009, the Company received notice from the NASDAQ Stock Market stating that since the closing bid price of the Company’s common shares has been at or above $1.00 per share for at least 10 consecutive trading days, it has regained compliance with the minimum bid price rule enumerated in NASDAQ Listing Rule 5450(a)(1).
TranSwitch Corporation’s shares will continue to trade on the NASDAQ Capital Market under the symbol "TXCCD” until December 22, 2009, when the Company's symbol will revert back to its original symbol "TXCC.”