SkyWater Technology (NASDAQ: SKYT), the trusted technology
realization partner, and Rockley Photonics (NYSE: RKLY), a leading
global silicon photonics technology company, today announced that
they have broadened their engagement to include wafer
back-end-of-line processing for Rockley’s
spectrophotometer-on-a-chip health monitoring solution. The
expanded relationship with SkyWater, which is part of the
multi-sourcing efforts at Rockley, will enhance Rockley’s
manufacturing network reliability and scalability.
Rockley utilized SkyWater’s Advanced Technology Services through
the development phase, transitioned to production Wafer Services
for front-end processing, and now utilizes back-end-of-line
assembly capabilities at SkyWater’s advanced packaging facility in
Florida. SkyWater’s Technology as a ServiceSM (TaaS) model combines
process R&D, wafer fabrication, and advanced packaging
technology services to provide customers with powerful competitive
advantages, including supply chain transparency, robust IP
protection, and an accelerated time to market.
“SkyWater provides us with a domestic U.S. source for advanced
wafer-level components which is a critical part of our multi-source
supply chain strategy. As we target high-volume consumer and
industrial applications, deepening our connection with SkyWater is
an important step in expanding our manufacturing ecosystem,” said
Dr. Andrew Rickman, chief executive officer and founder of Rockley
Photonics. “The expansion of our strong, multi-year relationship
with SkyWater is evidence of our shared vision for Rockley’s unique
silicon photonics platform.”
“This is an excellent example of the value our TaaS model brings
to our customers to develop customized manufacturing solutions that
enable their differentiated technologies,” said Thomas Sonderman,
SkyWater president and CEO. “Rockley’s innovative silicon photonics
platform is an important breakthrough in the fast-growing health
wearables market and aligns with SkyWater’s market strategy,
extending our value chain for this application space. We’re excited
to be Rockley’s strategic supplier in the U.S. to provide them with
both front-end and back-end-of-line solutions to help Rockley bring
its transformational technology to market.”
By enabling the measurement of biomarkers previously
undetectable by consumer devices using noninvasive technologies,
Rockley expects to be able to overcome the key challenges
associated with mobile wellness monitoring. While many of today’s
wearable consumer electronic devices use green light-emitting
diodes to monitor heart rate, Rockley’s infrared spectrophotometers
can detect and monitor a much wider range of biomarkers, which
could dramatically increase the functionality of wearable
devices.
Rockley’s recently announced “clinic-on-the-wrist” digital
health sensor system has the potential to provide wearable devices
with a new range of sensing capabilities that includes continuous,
non-invasive monitoring of multiple biomarkers: core body
temperature, blood pressure, body hydration, alcohol level,
lactate, and glucose, among others. Featuring a wristband that
contains the sensor module and communicates with custom cloud-based
analytical engines (via a Rockley smartphone app), Rockley’s
full-stack sensing solution is positioned to revolutionize consumer
health and wellness.
About Rockley Photonics
A global leader in silicon photonics, Rockley (NYSE: RKLY) is
developing a comprehensive range of photonic integrated circuits
and associated modules, sensors, and full-stack solutions. From
next-generation sensing platforms specifically designed for mobile
health monitoring and machine vision to high-speed, high-volume
solutions for data communications, Rockley is laying the foundation
for a new generation of applications across multiple industries.
Rockley believes that photonics will eventually become as pervasive
as micro-electronics, and it has developed a platform with the
power and flexibility needed to address both mass markets and a
wide variety of vertical applications.
Formed in 2013 by Dr. Andrew Rickman (who previously founded the
first commercial silicon photonics company, Bookham Technology),
Rockley is uniquely positioned to support hyper-scale manufacturing
and address a multitude of high-volume markets. Rockley has
partnered with numerous Tier-1 customers across a diverse range of
industries to deliver the complex optical systems required to bring
transformational products to market. To learn more about Rockley,
visit rockleyphotonics.com.
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor
manufacturer and a DOD-accredited Trusted supplier. SkyWater’s
Technology as a ServiceSM model streamlines the path to production
for customers with development services, volume production and
advanced packaging solutions in its world-class U.S. facilities.
This pioneering model enables innovators to co-create the next wave
of technology with diverse categories including mixed-signal CMOS,
read-out ICs, rad-hard, power discretes, MEMS, superconducting ICs,
photonics, carbon nanotubes and interposers. SkyWater serves
growing markets including aerospace & defense, automotive,
biomedical, cloud & computing, consumer, industrial and IoT.
For more information, visit: www.skywatertechnology.com.
Rockley Photonics Forward-Looking Statements
Statements in this press release that are not historical facts
constitute “forward-looking statements” for purposes of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include statements
regarding Rockley’s future expectations, beliefs, plans,
objectives, and assumptions regarding future events or performance.
The words “anticipate,” “believe,” “can,” “continue,” “could,”
“enable,” “estimate,” “eventual,” “expect,” “future,” “intend,”
“may,” “might,” “opportunity,” “outlook,” “plan,” “possible,”
“position,” “potential,” “predict,” “project,” “revolutionize,”
“seem,” “should,” “trend,” “will,” “would” or other terms that
predict or indicate future events, trends, or expectations, and
similar expressions or the negative of such expressions may
identify forward-looking statements, but the absence of these words
or terms does not mean that a statement is not forward-looking.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the following: (a) the
potential benefits of the expanded relationship between SkyWater
and Rockley, including with respect to anticipated manufacturing
and supply chain benefits; (b) the potential of Rockley’s digital
health sensor system to bring a new range of sensing capabilities
to wearable devices; (c) Rockley’s full-stack sensing solution
being positioned to revolutionize consumer health and wellness; (d)
Rockley’s expectation regarding overcoming the key challenges
associated with mobile wellness monitoring; (e) the potential of
Rockley’s infrared spectrophotometers to dramatically increase the
functionality of wearable devices; (f) the anticipated and
potential features and benefits of Rockley’s platform, products,
and technology; (g) Rockley’s belief that photonics will eventually
become as pervasive as micro-electronics; (h) the ability of
Rockley’s platform to address both mass markets and a wide variety
of vertical applications; and (i) Rockley’s potential to support
hyper-scale manufacturing, address a multitude of high-volume
markets, and deliver the complex optical systems required to bring
transformational products to market.
Forward-looking statements are subject to several risks and
uncertainties (many of which are beyond Rockley’s control) or other
assumptions that may cause actual results or performance to differ
materially from those expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to, the following: (i) Rockley’s ability to achieve
commercial production of its products and technology, including in
a timely and cost-effective manner; (ii) Rockley’s ability to
achieve customer design wins, convert memoranda of understanding
and development contracts into production contracts, and achieve
customer acceptance of its products and technology; (iii) risks
related to purchase orders, including the lack of long-term
purchase commitments, the cancellation, reduction, delay, or other
changes in customer purchase orders, and if and to the extent
customers seek to enter into licensing arrangements in lieu of
purchases; (iv) Rockley’s history of losses and need for additional
capital and its ability to access additional financing to support
its operations and execute on its business plan, as well as the
risks associated with any future financings; (v) legal and
regulatory risks, including those related to its products and
technology and any threatened or actual litigation; (vi) risks
associated with its fabless manufacturing model and dependency on
third-party suppliers; (vii) Rockley’s reliance on a few
significant customers for a majority of its revenue and its ability
to expand and diversify its customer base; (viii) Rockley’s
financial performance; (ix) the impacts of COVID-19 on Rockley, its
customers and suppliers, its target markets, and the global
economy; (x) Rockley’s ability to successfully manage growth and
its operations as a public company; (xi) fluctuations in Rockley’s
stock price and Rockley’s ability to maintain the listing of its
ordinary shares on the NYSE; (xii) Rockley’s ability to anticipate
and respond to industry trends and customer requirements; (xiii)
changes in Rockley’s current and future target markets; (xiv)
intellectual property risks; (xv) Rockley’s ability to compete
successfully; (xvi) market opportunity and market demand for, and
acceptance of, Rockley’s products and technology, as well as the
customer products into which Rockley’s products and technology are
incorporated; (xvii) risks related to international operations;
(xviii) risks related to cybersecurity, privacy, and
infrastructure; (xix) risks related to financial and accounting
matters; (xx) general economic, financial, legal, political, and
business conditions and changes in domestic and foreign markets;
(xxi) Rockley’s ability to realize the anticipated benefits of its
recently completed business combination with SC Health Corporation;
and (xxii) changes adversely affecting the businesses or markets in
which Rockley is engaged, as well as other factors described under
the heading “Risk Factors” in the prospectus/proxy statement filed
by Rockley on July 22, 2021, Rockley’s quarterly report on Form
10-Q for the quarter ended June 30, 2021, and in other documents
Rockley files with the Securities and Exchange Commission in the
future.
The forward-looking statements contained in this press release
are based on various assumptions, whether or not identified in this
press release, and on Rockley’s current expectations, beliefs, and
assumptions and are not predictions of actual performance. If any
of these risks or uncertainties materialize, or should any of these
assumptions prove incorrect, actual results may differ materially
from those discussed in or implied by these forward-looking
statements. There can be no assurance that future developments
affecting Rockley will be those that have been anticipated. These
forward-looking statements speak only as of the date hereof and
Rockley specifically disclaims any obligation to update or revise
any forward-looking statements, whether because of new information,
future events, or otherwise.
SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements that are based on the Company’s current
expectations or forecasts of future events, rather than past events
and outcomes, and such statements are not guarantees of future
performance. Forward-looking statements are subject to risks,
uncertainties and assumptions, which may cause the Company’s actual
results, performance or achievements to be materially different
from those expressed or implied by such forward-looking statements.
Key factors that could cause the Company’s actual results to be
different than expected or anticipated include, but are not limited
to factors discussed in the “Risk Factors” section of the
prospectus the Company filed with the SEC on April 22, 2021, its
quarterly report on Form 10 Q for the quarter ended July 4, 2021
and in other documents that the Company files with the SEC, which
are available at http://www.sec.gov. The Company assumes no
obligation to update any forward-looking statements, which speak
only as of the date of this press release.
SKYT-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20210824005346/en/
Rockley Photonics Contacts: Paul Kranhold, John
Christiansen | Sard Verbinnen & Co Rockley-SVC@sardverb.com
SkyWater Company Contact: Tara Luther | 952.851.5023 |
tara.luther@skywatertechnology.com SkyWater Media Contact:
Lauri Julian | 949.280.5602 |
lauri.julian@skywatertechnology.com
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