Corporate Profile for Space Electronics Inc., dated Dec. 5, 1997.

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Published Date:   Dec. 5, 1997

Company Name:     Space Electronics Inc.

Space Electronics Inc. is a fabless semiconductor supplier to the growing space market.

Product Description:

RAD-PAK technology uses embedded radiation shielding in the device package, making it possible to use advanced commercial off-the-shelf (COTS) components at a fraction of the traditional cost and time requirements. These advanced components are not only smaller, faster, and more powerful, but the dramatic cost reduction removes "space" from the exclusive realm of governments and puts it within the reach of businesses.

Today, in conjunction with NASA, Space Electronics is developing two new technologies expected to have a notable impact on how future commercial parts will be used in space.

Key space IC product lines include:

Memory Analog

EEPROMs DACs

SRAMs Op Amps

DRAMs ADCs

FIFOs

Logic

PLDs I/O - Fiber Channel

CPUs MCMs & Hybrids

FPGAs Power MOSFETs

Market Position/Strategy:

In five short years SEI has grown into an internationally recognized supplier of microelectronics for space application. Every major U.S. space contractor is a customer, including NASA, Martin Marietta, Westinghouse, TRW, Hughes, and Lockheed. With foreign customers such as Mitsubishi, SAAB/Ericsson Space, and the European Space Agency, SEI components are incorporated into European satellites, Japanese missions (Lunar-A and Planet-B), Canadian satellites, Indian Space Agency projects, and the International Space Station. Space Electronics microcircuits are currently in orbit aboard many spacecraft, including CRRES, GEOTAIL, TOMS, ISTP, CASSINI, DMSP, GPS, XTE, Mars Surveyor, ADEOS, and several classified satellites.

Challenges and risks include maintaining continued growth to keep up with the pressures resulting from the mantra: "smaller, better, faster, and cheaper," which will require innovative solutions, improved productivity, broader strategic alliances, more vertical integration of product, and improved facilities and tools.

Space Electronics maintains key relationships with many fab and fabless semiconductor companies including:

Atmel

Matra MHS

Hitachi

Crystal Semiconductor

Chip Express

The company also has continuing research and development relationships with:

NASA

Jet Propulsion Laboratory (JPL)

Department of Defense

USAF Philips Laboratories

U.S. Navy

Lockheed Martin

SEI continually seeks new relationships with commercial silicon manufacturers to adapt their products for the space industry.

Management Information:

Robert Czajkowski, chief executive officer, has more than 30 years of entrepreneurial experience in high-tech and aerospace management, including two start-ups that he helped build for other companies. The first was started with a $50,000 investment in 1974 and grew to $100 million. The second became a wholly owned subsidiary of Loral, earning more than $40 million/year under his leadership.

David J. Strobel has 26 years of experience as a marketing and R&D executive with past affiliations with the U.S. Air Force and Northrop Corp. He has a B.S. in Astronautical Engineering, an M.S. in Nuclear Engineering, an M.S. in Systems Management, and an MBA.

Chief financial officer Paul Blevins is a CPA with more than 15 years of experience in high-tech, rapid growth firms. Blevins completed his B.A. and honors thesis in economics at Stanford School of Business.

Recent Recognition and Awards:

"The 50 San Diego Businesses & People to Watch in 1997"

San Diego Magazine "Fast Growing Private Companies"

San Diego Business Journal "Most Innovative New Products" 1996 Nominee

UCSD - Connect "Innovation in the Shadow of InteCompany Profile"

Red Herring Magazine "Outstanding Financial Performance" 1996 Award

Fabless Semiconductor Asso. "Entrepreneur of the Year" 1997 Nominee

Ernst & Young LLP "Southern California Fast 50" (1997)

Deloitte & Touche LLP "500 Fastest Growing Companies in U.S." (1997)

Inc. Magazine

CONTACT: Space Electronics Inc.