Apogee Technology Introduces Sensilica Miniature Pressure Sensors; New Family of All-Silicon Sensors with Size, Cost, Performanc
May 12 2005 - 9:23AM
Business Wire
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.
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