Advanced Power Technology Hosts Senator Gordon Smith for Silicon Carbide Launch; Commitment to Silicon Carbide Fabrication Facility Formally Kicked Off at APT's Bend, Oregon, Site.BEND, Ore. -- Advanced Power Technology, Inc. (Nasdaq:APTI APTI Association for Preservation Technology International APTI Air Pollution Training Institute ), a leading supplier of high performance power semiconductors, has formally launched the construction of its SiC manufacturing fab with an inauguration event featuring a keynote address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. by U.S. Senator Gordon Smith
Gordon Harold Smith (born May 25, 1952) is Oregon's junior United States Senator, currently serving his second term. He is a member of the Republican Party. (R-OR). This event follows the previous announcement (February 22, 2006) by APT of a licensing agreement with Northrop Grumman Corporation regarding certain silicon carbide manufacturing technology. Other local dignitaries and senior company management were present, including James J. Peterson, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Microsemi Corporation. Microsemi (Nasdaq:MSCC MSCC Motlow State Community College (Lynchburg, TN) MSCC Morgan Sports Car Club MSCC Manila Sports Car Club MSCC Mission Springs Community Church (Fremont, CA) MSCC Mazda Sports Car Club ) is in the final stages of acquiring APT. Senator Smith lauded both companies for their commitment to advanced semiconductor technology which has been developed, in part, for the Defense Department's electronics programs. Senator Smith said, "The efforts here at APT are playing a key role in supporting our efforts to maintain peace around the world through the supply of components for communications, monitoring, and surveillance systems." The driving force for the adoption of silicon carbide for military as well as civilian applications is the need to reduce weight and size of power control and management systems and their associated support equipment, in particular cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. and heat dispersing packaging. SiC semiconductors have demonstrated large performance advantages in numerous test beds over the most advanced silicon components. Military applications include radar, hybrid power systems, electric power control and distribution, electronic jamming, and wideband communications systems. Potential non-military applications that can benefit from silicon carbide's military-level performance include hybrid vehicles, electric power transmission, computer/servers, medical systems, and alternative energy. About Advanced Power Technology: With operations in Bend, Oregon, Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , Montgomeryville, Pennsylvania, Boulder, Colorado, and Bordeaux France, Advanced Power Technology is a leading supplier of power semiconductors for RF, Microwave, Linear, and Switchmode Applications. For additional information on Advanced Power Technology, visit its website at www.advancedpower.com. About Microsemi Corporation: Microsemi Corporation, with corporate headquarters in Irvine, CA, is a leading designer, manufacturer and global supplier of high performance analog and mixed signal integrated circuits and high reliability semiconductors. For additional information on Microsemi Corporation, visit its website at www.microsemi.com. About the Acquisition: Microsemi Corporation has filed a registration statement (including a prospectus) with the SEC for the issuance of Microsemi shares to APT shareholders in connection with the acquisition of APT. The prospectus in that registration statement, and the other documents Microsemi has filed with the SEC in connection with that registration statement, contain additional material information about APT, Microsemi, and the terms of the acquisition. You may get these documents for free by visiting EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. on the SEC Web Site at www.sec.gov. Alternatively, you may request Microsemi to send you the prospectus by calling 949-221-7101. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Except for historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. APT cautions that such statements, including statements concerning the potential benefits of this contract, are subject to a number of uncertainties, and actual results may differ materially. Factors that could affect the Company's actual results include the ability of subcontractors to meet their delivery commitments; unfavorable changes in industry and competitive conditions; the Company's mix of product shipments; the accuracy of customers' forecasts; the effectiveness of the Company's efforts to control and reduce costs; and other uncertainties disclosed in the Company's filings with the Securities and Exchange Commission, including our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on March 8, 2005. The Company assumes no obligation to update the information in this release. |
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