Nonprofit organization fulfills the wishes of children and families in need
SANTA CLARA, Calif., March 06, 2019 (GLOBE NEWSWIRE) -- Adesto® Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems for the IoT era, announced that Family Giving Tree (FGT), a non-profit organization focused on alleviating the consequences of poverty in Northern California, has awarded Adesto with a Community Impact Award for supporting its 2018 Holiday Wish Drive.
For its annual Holiday Wish Drive, held each year since 1990, Family Giving Tree works with other local nonprofits to document a child’s exact holiday wish on 'wish cards.' Local companies that sign up to lead a Drive receive a specified number of these wish cards. Their employees then take the cards and return them with the wished-for gift.
The Community Impact Awards are determined based on contribution fulfillment, company size and repeated commitment. Adesto was chosen from over 1,000 active partners in the 2018 Holiday Drive to receive a Community Impact Award for having fulfilled all of its holiday gift card pledges, and because of its generous financial contribution and active participation since 2016.
“We are pleased to be able to help the Family Giving Tree drive toward their vision of a world where every child is made to feel like a valuable and empowered part of their community,” said Narbeh Derhacobian, CEO, Adesto. “Our employees are incredibly generous, and I am delighted to share this recognition with them.”
About Family Giving Tree
Family Giving Tree fulfills the exact holiday wishes and provides backpacks filled with school supplies to those children in the most need in our communities while inspiring the values of kindness, philanthropy and volunteerism. The Family Giving Tree was founded in 1990 and began serving 2,500 individuals. The organization has grown to provide over 80,000 gifts annually.
About Adesto Technologies Corporation
Adesto Technologies Corporation (NASDAQ:IOTS) is a leading provider of innovative application-specific semiconductors and embedded systems for the IoT era. The company’s technology is used by more than 2,000 customers worldwide who are creating differentiated solutions across industrial, consumer, medical and communications markets. With its growing portfolio of high-value technologies, Adesto is helping its customers usher in the era of the Internet of Things. See: www.adestotech.com.
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Source: Adesto Technologies Corporation