SiTime chips are built and tested with proven high performance. In development for four-plus years, the Company's solutions have a strong Intellectual Property position with five issued or allowed patents and 10 additional patents pending. SiTime has an exclusive license and investment from Robert Bosch GmbH; its MEMS-first approach is based on production-proven Bosch technology, which has the potential to significantly reduce manufacturing costs of quartz-based competitive solutions by as much as 50%. Miniaturization and improved functionality are now affordable and scaleable.