Standard Microsystems Corporation MEMS Foundry Wins Advanced Technology Program Award.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Oct. 26, 1998--The MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. Foundry Business Unit of Standard Microsystems Corporation (SMSC SMSC Short Message Service Center SMSC Standard Microsystems Corporation (New York) SMSC Spiritual Moral Social Cultural (education) SMSC Stephenville Medical and Surgical Clinic ) announced today that it, along with Xerox Corporation, Microcosm Technologies, Inc., Optical Micro-Machines, Microscan Systems, Inc. and Maxim Integrated Products, has won an Advanced Technology Program Award from the National Institute of Standards and Technology National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of "working with industry to develop and apply technology, measurements, and standards" in the national interest. (NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. ). The award will fund the development of a manufacturing infrastructure for commercialization of Micro-Opto-Electro-Mechanical Systems (MOEMS See MEMS. ). Standard Microsystems, together with the other participating organizations, will develop technologies for efficient manufacturing of MOEMS. The total project budget is estimated to be almost $14 million, which will be shared by NIST and the participating organizations. The participants will use the new process to fabricate prototype MOEMS devices at Standard Microsystems. The ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. project brings together a team of technology developers and end users, which would not otherwise exist, to tackle complex, multi-disciplinary research. The technology will have broad applications in telecommunications, imaging, medicine, entertainment, and information systems. "The award of this grant to Standard Microsystems and our co-participants is an important step in SMSC's mission to be the leading supplier of MEMS foundry services. This program will help establish a standardized MOEMS process that we expect can be utilized by a wide variety of Micro-Opto-Electro-Mechanical devices," said Douglas Finke, General Manager of Standard Microsystems' MEMS Foundry Business Unit. The Advanced Technology Program (ATP) is a competitive cost-sharing program designed to enable the Federal government to work in partnership with industry to foster the development of high-risk technologies that offer significant, broad-based economic benefits to the nation. About SMSC Standard Microsystems Corporation (SMSC) is a worldwide supplier of metal-oxide-semiconductor/very-large-scale-integrated (MOS/VLSI) circuits for the personal computer industry. SMSC has a leading position in input/output (I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output ) integrated circuits for PCs with over 100 million units shipped and, additionally, supplies integrated circuits for PC Connectivity, local area networks and embedded networking. The Company also operates a wafer foundry that specializes in MEMS devices. SMSC is a leading supplier of MEMS, with more than 20 million devices delivered to date. Standard Microsystems is based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. and maintains offices worldwide, including locations in North America, Asia, Europe and Japan. SMSC operates engineering and marketing centers in Austin, TX; San Jose, CA; Westborough, MA and Hauppauge, NY. More information about the Company is available on the World Wide Web at www.smsc.com. "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 under 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: Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements that involve risks and uncertainties, including the finalization of a collaborative agreement among the participants, timely development and market acceptance of new products, the impact of competitive products and pricing, the effect of changing economic conditions, and such risks and uncertainties as are detailed from time to time in the Company's SEC reports, including the Annual Report filed on Form 10-K and the Quarterly Reports filed on Form 10-Q. Standard Microsystems is a registered trademark and SMSC is a trademark of Standard Microsystems Corporation. Product names and company names are the trademarks of their respective holders. |
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