SiTime, Silicon MEMS Oscillators and Clock Generators

SiTime’s SiT8002 MEMS Oscillator Named Product of the Year by Electronic Products Magazine

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Quartz Oscillator Replacement Captures Award for Innovative Design

Sunnyvale, CA — January 16, 2007 — SiTime, a privately held Silicon Valley startup company bringing the first MEMS-based, all silicon timing solutions to market, today announced it was honored with an Electronic Products’ Product of the Year award for its SiT8002 programmable oscillator.

The editors of Electronic Products—a leading trade publication for electronic design engineers— evaluated thousands of products launched in 2006 on the basis of innovative design, significant advancement in technology or application and substantial achievement in price and performance. The SiT8002 demonstrated success as selections were based on a significant advance in technology or its application, innovation in design, or a substantial gain in price/performance: “Quartz devices have retained their position, remaining the undisputed time reference for electronic circuits. That is, they did until last year, when the SiRes SiT8002 programmable oscillator family was introduced.,” said Richard Comerford editor of Electronic Products. “The single-chip MEMS devices exhibit better aging and thermal hysteresis characteristics than quartz-based parts at comparable prices. Further, the technology scales with process geometry and promises to allow integration of timing references with any chip.”

The 2006 Product of the Year Awards were announced in the January 2007 issue of Electronic Products (http://electronicproducts.com) with a cover feature and a brief description of each product. 2006 marks the 31st anniversary of Electronic Products’ “Product of the Year” Awards, which began recognizing the best products in the industry in 1977.

“This recognition as one of Electronic Products’ Products of the Year is both an honor and a validation of SiTime’s commitment to deliver products to the system timing marketplace” said Kurt Petersen, CEO and Chairman at SiTime.   “We respect Electronic Products and its editorial focus to provide design engineers with real solutions to electronic system design and especially for its excellent and informed coverage of system timing products.  The editor/judges have realized and acknowledged the importance and the uniqueness of our SiT8002 product from both a technology and application perspective as a viable alternative to traditional quartz-based timing solutions.  Providing engineers with the ability to choose the timing solution that best fits their application is the cornerstone of our product strategy. The SiRes™ SiT1x and SiT8002 families offer the ultimate in flexibility with features that deliver the optimal balance between performance and cost.”

SiTime oscillators sampling today address more than 80% of the market served today with quartz-based oscillators.  Key target applications are digital still cameras, portable media players, notebook computers, and high reliability applications.  However, SiTime MEMS oscillators will benefit any quartz application where small size and reliability are valued.

About SiTime

SiTime Corporation develops, markets, and manufacturers MEMS-based silicon resonators, oscillators, and timing products.  The MEMS First™ and EpiSeal™ process licensed from Robert Bosch GmbH has removed the technical barriers preventing wide acceptance of this quartz replacement technology.  Key benefits are the small size, high reliability, and low cost.  However, many benefits of the technology are still to be fully realized in future value-added components.  These future benefits include MEMS+CMOS integration, multiple resonators per die, and system benefits for customers derived from a small, local, stable frequency source.  SiTime’s primary investors are NEA and Greylock, venture capital firms, and Robert Bosch GmbH.  More information about SiTime and SiResTM samples for select customers is available at www.sitime.com