TowerJazz (NASDAQ: TSEM, TASE: TSEM), the global specialty foundry
leader, and FLIR Systems, Inc. (NASDAQ: FLIR) a world leader in the
design, manufacture, and marketing of sensor systems, announced
today their partnership to deliver next generation infrared (IR)
technology to smartphone, security, industrial and other markets.
FLIR is partnering with TowerJazz to manufacture this next
generation infrared (IR) technology. "The partnership between
TowerJazz and FLIR has been excellent. Together, we have
rapidly implemented a state of the art manufacturing capability in
Newport Beach, CA. The Newport Beach site can facilitate
commercial, ITAR (International Traffic in Arms Regulations), and
more recently Category 1A & 1B "Trusted" services through our
subsidiary, Jazz Semiconductor Trusted Foundry (JSTF), as
accredited by the U.S. Department of Defense. In particular, we
developed an industry leading capability for advanced micro thermal
pixel array production," said David Howard, Executive Director and
Fellow, TowerJazz.
These micro thermal pixel arrays include novel, high density
pixels that enable FLIR to offer more powerful sensors with higher
resolution in compact form factors. "When we combine the micro
thermal arrays with integrated FLIR wafer level optics, software
and MSX technology with TowerJazz process and manufacturing
capability, we are able to deliver breakthrough product performance
and value," said Tom Surran, Chief Operations Officer – FLIR
Systems.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture,
and marketing of sensor systems that enhance perception and
awareness. FLIR's advanced systems and components are used for a
wide variety of thermal imaging, situational awareness, and
security applications, including airborne and ground-based
surveillance, condition monitoring, navigation, recreation,
research and development, manufacturing process control, search and
rescue, drug interdiction, transportation safety, border and
maritime patrol, environmental monitoring, and chemical,
biological, radiological, nuclear, and explosives (CBRNE) threat
detection. For more information, visit FLIR's web site at
www.FLIR.com.
Forward-Looking Statements
The statements in this release by Tom Surran and the other
statements in this release about the products described above are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based
on current expectations, estimates, and projections about FLIR's
business based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict. Therefore,
actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements due to
numerous factors, including the following: the ability to
manufacture and deliver the systems referenced in this release,
changes in pricing of FLIR's products, changing demand for FLIR's
products, product mix, the impact of competitive products and
pricing, constraints on supplies of critical components, excess or
shortage of production capacity, the ability of FLIR to manufacture
and ship products in a timely manner, FLIR's continuing compliance
with U.S. export control laws and regulations, and other risks
discussed from time to time in FLIR's Securities and Exchange
Commission filings and reports. In addition, such statements could
be affected by general industry and market conditions and growth
rates, and general domestic and international economic
conditions.Such forward-looking statements speak only as of the
date on which they are made and FLIR does not undertake any
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this release, or for
changes made to this document by wire services or Internet service
providers.
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM) and its
fully owned U.S. subsidiary Jazz Semiconductor, Inc. operate
collectively under the brand name TowerJazz, the global specialty
foundry leader. TowerJazz manufactures integrated circuits,
offering a broad range of customizable process technologies
including: SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image
sensor, integrated power management (BCD and 700V), and MEMS.
TowerJazz also provides a world-class design enablement platform
for a quick and accurate design cycle as well as Transfer
Optimization and development Process Services (TOPS) to IDMs and
fabless companies that need to expand capacity. Probably want to
mention aerospace and defense market stuff…
To provide multi-fab sourcing and extended capacity for its
customers, TowerJazz operates two manufacturing facilities in
Israel (150mm and 200mm), one in the U.S. (200mm) and three
additional facilities in Japan (two 200mm and one 300mm) through
TowerJazz Panasonic Semiconductor Co. (TPSCo),
established with Panasonic of which TowerJazz has the majority
holding. Through TPSCo, TowerJazz provides leading edge 45nm CMOS,
65nm RF CMOS and 65nm 1.12um pixel technologies. For more
information, please visit www.towerjazz.com and
www.tpsemico.com.
Safe Harbor Regarding Forward-Looking
Statements
This press release includes forward-looking statements, which
are subject to risks and uncertainties. Actual results may vary
from those projected or implied by such forward-looking statements.
A complete discussion of risks and uncertainties that may affect
the accuracy of forward-looking statements included in this press
release or which may otherwise affect TowerJazz's business is
included under the heading "Risk Factors" in Tower's most recent
filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the
Securities and Exchange Commission (the "SEC") and the Israel
Securities Authority and Jazz's most recent filings on Forms 10-K
and 10-Q, as were filed with the SEC, respectively. Tower and Jazz
do not intend to update, and expressly disclaim any obligation to
update, the information contained in this release.
###
TowerJazz US Company Contact: Lauri Julian |
+1-949-280-5602 | lauri.julian@towerjazz.com
TowerJazz Investor Relations Contact: Noit Levi
| +972-4-604-7066 | noit.levi@towerjazz.com
FLIR Media Contact: Haley Ellison| 503-919-0696
| Haley.Ellison@flir.com
FLIR Investor Relations Contact: Shane Harrison
| 503-498-3547 | Shane.Harrison@flir.com
Press release (PDF):
http://hugin.info/167229/R/1893986/671303.pdf
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