SiTime and Micro Crystal Enter MEMS Oscillator Joint Development Agreement |
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Sunnyvale, Calif. - November 13, 2006 – SiTime, a privately held Silicon Valley startup bringing the first MEMS-based, all silicon timing solutions to market, and Micro Crystal, a European leader in the frequency control market, have begun a strategic partnership to develop, promote, and distribute next-generation MEMS First™ and EpiSealTM oscillator products. SiTime introduced its first MEMS-based silicon oscillator product to the market in April 2006 using proprietary processing technology licensed from Robert Bosch GmbH. This unique technology, married with advanced mixed signal ASICs, has enabled SiTime to provide timing system solutions that are smaller, exhibit higher functionality, are more reliable, and are more cost competitive than the quartz solutions that have dominated electronic timing applications up to this time. These silicon-based solutions, which leverage established semiconductor processing technology, are targeted at high performance and cost conscious applications in a broad spectrum of markets including consumer electronics, automotive, computer and industrial. MEMS-based SiTime devices are already replacing quartz-based frequency standards in a number of consumer products. “We are pleased to enter this long-term partnership with SiTime. Their advanced MEMS technology, coupled with Micro Crystal’s long history of innovation in the frequency control market, will result in new products of a size, performance, and reliability that will be unmatched in the industry. These technical advantages will be enhanced by Micro Crystal’s quality service to our customers”, said Hans Rudolf Gottier, CEO of Micro Crystal. “It is an honor for SiTime to partner with such a well-established and world-renowned quartz company to bring this new MEMS resonator technology to market. We look forward to this joint product development with Micro Crystal to meet the next-generation frequency control requirements of the electronics industry. As Micro Crystal is part of the Swatch group of companies, they are uniquely positioned to take full advantage of the many features of these new resonators”, said Kurt Petersen, CEO of SiTime Corporation. SiTime has pursued a strategy of cooperation, joint development, and partnership with a very select group of market leaders in the quartz industry to expedite the roll out of MEMS First™ and EpiSealTM resonator technology to ensure high quality, reliability, and performance, leading to market acceptance of MEMS resonators as a mainstream, high-volume frequency control technology.About SiTime About Micro Crystal For more information contact: Ms. Courtney Dimpel Mr. Pierre Hersberger Roger Grace
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