SUNNYVAYE, Ca. October 2, 2006 – SiTime Corp.’s SiRes product family was selected as a finalist for the 2006 Small Times Magazine Best of Small Tech Product of the Year Award.

The 2006 Small Times Magazine Best of Small Tech Awards recognize the best people, products and companies in nanotechnology, MEMS, and microsystems.

“The award winners and finalists this year truly reflect the diversity of companies and people that are shaping the MEMS and nanotechnology communities - from tools innovators to fabs to companies bringing commercial applications to a wide range of markets,” said Patti Glaza, Vice President and Group Publisher of Small Times™.

SiTime Corp.’s SiRes MEMS-based oscillators and resonators aim to replace the quartz resonating crystals that provide the “heartbeat” for every commercial electronic device. Quartz crystals have been the only electronic element that couldn’t be integrated into a silicon chip, but SiTime has sealed its oscillator below the surface of the chip, making one neat package.

“SiTime is proud to be a Small Times Best of Small Tech finalist,” said Kurt Petersen, CEO and Co-founder of SiTime. “SiTime oscillator products truly represent an industry-transforming technology. With over 10 billion quartz crystals used every year in every conceivable electronic product, the potential impact of SiTime silicon resonators is tremendous.”

The recipients of the Small Times Magazine Best of Small Tech Awards and runners-up were selected by nominations and applications submitted by companies and individuals. Small Times Media news staff and an industry panel of experts reviewed the applicants and selected one winner and four winners in six categories, plus lifetime achievement. The panel considered accomplishments between September 1, 2003 and October 1, 2004. A complete list of winners and runners-up can be found in the November/December issue of Small Times magazine and online at www.smalltimes.com.

About the Awards
This is the fifth year of the prestigious Small Times™ Magazine Best of Small Tech Awards. Small Times staff evaluates the nominees along with seven panels of industry experts. Awards are based on accomplishments between June 1, 2005, and June 1, 2006. More details can be found in the September/October issue or online at www.smalltimes.com.

About Small Times™
Small TimesTM Media is published by PennWell Corporation, a diversified global media and information company. Small TimesTM Magazine remains the leading source of business news and analysis about the small tech industry, which includes nanotechnology, MEMS and microsystems. Its circulation is free to qualified subscribers around the world in both print and digital form. In addition to its news services (Small Times™ magazine, SmallTimes.com, Small Times Direct), Small TimesTM organizes the leading nanotechnology business conference and trade show in North America, Small TimesTM NanoCon International. Its annual Small Tech Business Directory is free to all subscribers and provided online as an industry service at SmallTechDirectory.com. For more information, visit www.smalltimes.com.

About SiTime
SiTime Corporation is developing MEMS Silicon resonators and related products. The MEMS First™ process licensed from Robert Bosch GmbH has removed the technical barriers preventing wide acceptance of this quartz replacement technology. The first oscillator product with excellent stability, low phase noise, and a programmable frequency range is due to sample in Q1’06 and will be suitable for consumer, automotive, and industrial timing applications. SiTime’s primary investors are Greylock, NEA venture capital firms and Robert Bosch GmbH. More information about SiTime is available online at www.sitime.com or www.sitime.jp

For more information contact:

Ms. Courtney Dimpel     
Marketing Specialist
SiTime Corp       
990 Almanor Ave 
Sunnyvale, Ca 94085     
Tel:  408-328-4427       
Fax: 408-328-4439     
cd@sitime.com