single chip high-speed public key data encryption system, which became a selling point for Newbridge Networks systems to the U.S. federal government. The rest of the original Calmos Product line though revenue generating and profitable was not a major reason for the acquisition, these products continued to be sources of revenue well after the division was spun out as Tundra, most notably this include the 8085 variant which was sold as late as 1999. In December 1995, Newbridge Microsystems assets were sold to a new corporate entity known as Tundra Semiconductor. Newbridge Affiliate At the time of the Tundra spun out the company raised $10 Million (CDN) in third-party investment from Venture Capital Funds and Mutual funds, Terry Matthews also made a personal investment and Newbridge retained a 38% ownership in the new entity meaning Tundra Semiconductor became a member of the Newbridge affiliate program. A benefit of the spin out from direct Newbridge Networks ownership was that Tundra was now free to sell to Newbridge competitors In 1997, Canadian Industry Minister John Manley announced that Tundra Semiconductor would receive a $400,000 loan for R&D use. Chowaniec stated to a Rideau Club luncheon that Tundra had $11 million in revenue in 1996 and expected to generate $20 million or $21 million in revenue achieve profitability in 1997 and hoped to increase sales revenues by another 50 per cent in 1998. He also made reference to the fact that the company was having difficulty in recruiting the talent it needed to move the company forward with about 20 positions for engineers that were unfilled. The company employee count during this period grew from 50 to 70. Technology and Innovation In early 1990, Newbridge Microsystems licensed DY4 VME Interface Chip Set. This became the beginning of the companies involvement in system interconnect development that Tundra was later to become a leader in. At about this time Calmos Founder John Roberts left the company to become C.E.O. of the Strategic Microelectronics Consortium and later founded another startup SiGe Microsystems which also spunout Sigem. In 1994 Newbridge Microsystems also developed the SPRITE T1, the first T1 Wide Area Network access card for a Sun Microsystems Computer Co. Netra Internet Server. SPRITE T1 was an SBus card that enabled full T1 WAN service directly in to a Sun Netra Internet Server. By early 1995 Newbridge Microsystems had announced a strategic relationship with Motorola Inc. for