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Apogee Technology, Inc. (AMEX:ATA), a global provider
of integrated circuits and an emerging Micro-Electromechanical Systems
("MEMS") sensor supplier, today announced the introduction of its
Sensilica(TM) family of "all silicon" pressure sensors. The Company
believes its first MEMS products have considerable size, cost,
performance and reliability advantages compared to existing solutions.
In addition to its first Sensilica product now being sampled to
customers, Apogee plans to introduce six new Sensilica designs in 2005
to meet a wide range of pressure sensor applications including
industrial, consumer, automotive, medical and HVAC.
The key advantages of Apogee's Sensilica sensors are derived from
the novel manufacturing approach and design methodology that reduces
sensor size by a factor of four compared to most existing solutions.
Apogee believes that this simplified "all silicon" approach will
significantly reduce cost and improve the reliability by eliminating
the need to use multiple components to create a pressure sensor. In
addition to the size and cost benefits, the Company expects Sensilica
sensors to be very robust, significantly reducing the potential of
failure when the sensor is subjected to excessive pressure levels.
"Sensilica's size, cost, performance and reliability advantages
will place Apogee in a leadership position in product innovation and
value," said Glenn Fricano, Director of Apogee's MEMS Division. "The
Company has under development, and intends to offer, a broad range of
Sensilica products providing our customers a single source for all
their pressure sensor needs."
The total MEMS pressure market is expected to grow to $930M in
2007, according to a leading market research company. Apogee believes
that one key driver of this growth may be a ruling issued in April
2005 by the National Highway Traffic Safety Administration that will
require automakers to incorporate tire pressure monitoring systems by
2008. In the U.S. alone, 18 million light vehicles were sold in 2004,
which could represent a potential pressure sensor market opportunity
of over 70 million units per year.
The first Sensilica product is a 0-75 pounds per square inch
pressure sensor die. The design is ideal for original equipment
manufacturers seeking low-cost, high-performance absolute pressure
sensing measurement in an extremely small form factor. The Company has
engineering samples available for immediate delivery and expects to
ship production devices in the second half of 2005. The Company is
also planning to introduce six new Sensilica pressure sensor products
this year to meet a wide range of pressure applications.
Sensilica pressure sensors are the first MEMS products to be
released since the formation of the Company's MEMS division in New
York. Over the past year, the Company has:
-- Retained a MEMS development team,
-- Established MEMS manufacturing and research partnerships,
-- Signed a cooperative research agreement to develop the next
generation of Nanoscale sensors,
-- Designed and released the first MEMS pressure sensor product
and
-- Developed a MEMS medical device, which is currently being
evaluated for drug delivery applications.
About Apogee Technology, Inc.
Apogee Technology is a fabless semiconductor company that designs,
develops and markets silicon-based products that incorporate
proprietary technologies. The Company's patented all-digital, high
efficiency Direct Digital Amplification (DDX(R)) ICs have been used by
over 20 major consumer electronic brands in a wide range of audio
products. The company is developing new System-on-Chip products using
its analog and digital circuit designs and Micro-Electromechanical
Systems (MEMS) technology for the consumer, automotive, communications
and medical markets. The Company operates a worldwide marketing and
sales organization and has offices in the U.S., Hong Kong and Japan.
For more information please visit our web site at:
http://www.apogeeddx.com.
DDX(R) is a registered trademark of Apogee Technology, Inc. All
other product names noted herein may be trademarks of their respective
holders. Certain statements made herein that use the words
"anticipate," "hope," "estimate," "project," "intend," "plan,"
"expect," "believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve known and unknown risks and uncertainties, which
could cause the actual results, performance or achievements of the
company to be materially different from those that may be expressed or
implied. Please refer to the company's risk factors as set forth in
the company's filings with the Securities and Exchange Commission,
including its reports on Forms 10-KSB and 10-QSB.