E2V.L Regulatory News (E2V)

21 Feb 2007 11:30

e2v (LSE:E2V), a leading developer and manufacturer ofhigh-technology electronic components and sub-systems, and TowerSemiconductor, Ltd. (Nasdaq:TSEM)(TASE:TSEM), a pure-play independentspecialty wafer foundry, today announced that e2v has selected TowerSemiconductor as its supplier of choice for its CMOS (ComplementaryMetal Oxide Semiconductor) image sensor devices. £ The design expertise of e2v, combined with the high performanceCMOS manufacturing capabilities of Tower Semiconductor, will result ina brand new generation of 'System on a Chip' sensors benefiting fromhigh image quality as well as embedded capabilities. £ e2v's CMOS Image Sensor (CIS) products target a broad range ofindustrial and medical applications. The CMOS sensors will be producedin Tower's advanced Fab2, using the CIS 0.18 micron process and itsadvanced capabilities. e2v and Tower are currently focusing on ten keydevelopment projects. £ "With Tower's state-of-the-art CMOS image sensor manufacturingprocess, their unique stitching technology and clear desire to workwith us in developing our business, it became an obvious choice for usto select Tower," said Jean-Philippe Lamarcq Imaging Business UnitGeneral Manager at e2v, Grenoble. Adding "We are very happy with thedepth of cooperation with Tower and look forward to a long-termbusiness relationship." £ With over 25 years' experience, e2v is a leader in theprofessional imaging market. This deal will further enhance e2v'sposition in key markets, such as medical and industrial imaging,growing at annual rates of 10-15%. £ "We are pleased to provide e2v with our advanced CMOS imagesensing design, device and process innovations, leading to excellentpicture quality and superior product performance," said Dr. Avi Strum,general manager of the CMOS image sensor product line at TowerSemiconductor. "The selection by e2v is the result of a two-year jointdevelopment program between Tower and the Grenoble facility as well asthe major technology breakthroughs we have demonstrated. We are happyto continue providing e2v with effective technology capabilities andsupport." £ About Tower Semiconductor Ltd. £ Tower Semiconductor Ltd. (Nasdaq:TSEM)(TASE:TSEM) is a pure-playindependent specialty wafer foundry established in 1993. The companymanufactures integrated circuits with geometries ranging from 1.0 to0.13-micron; it also provides complementary technical services anddesign support. In addition to digital CMOS process technology, Toweroffers advanced non-volatile memory solutions, mixed-signal & RF-CMOS,and CMOS image-sensor technologies. To provide world-class customerservice, the company maintains two manufacturing facilities, each withstandard and specialized process technology processes: Fab 1 rangingfrom 1.0 to 0.35 and Fab 2 featuring 0.18 and 0.13-micron. Tower's website is located at http://www.towersemi.com. £ About e2v technologies plc £ e2v technologies is a leading designer, developer and manufacturerof specialised components and subsystems, falling within two productgroups: £ -- Electronic tubes £ -- Sensors and Semiconductors £ These products enable some of the world's leading OEMs to deliverinnovative systems for medical and science, aerospace and defence, andcommercial and industrial applications. £ For the year ended 31 March 2006, e2v achieved sales of GBP 112mand is listed on the London Stock Exchange (e2v.l). In July 2006 e2vtechnologies plc acquired a leading designer, manufacturer anddistributor of specialised electronic components and sub-systems,based in Grenoble, France. The acquisition represents an opportunityto strengthen the Group's position as a major global provider ofspecialised electronic components and subsystems. £ e2v's products are supplied into three core market areas: £ -- Medical & Science: Sensor technology includes imaging sensors for intra-oral and panoramic dental X-ray, mammography, life science applications and X-ray microscopy. Electronic tubes are the enabling technology behind radiotherapy cancer treatments, microwave medical therapy and high-energy physics. £ -- Aerospace & Defence: Sensor technology includes military surveillance, targeting and guidance, space-based imaging and astronomy, radar & electronic warfare and broadband data converters and microprocessors for aerospace applications. Electronic tubes provide the enabling technology behind radars, electronic countermeasures (ECM), electronic warfare and satellite communications. £ -- Commercial & Industrial: Sensor technology includes marine radars, industrial safety sensors, automotive radars and alarms, thermal imaging cameras used by fire fighters, CCD and CMOS high resolution line scan cameras for industrial inspection. Electronic tubes provide enabling technology behind TV broadcast, satellite communications, marine radar and food & industrial processing. £ The overall purpose of the business is to grow sustainableshareholder value whilst appropriately meeting the expectations ofcustomers, people, partners, suppliers and the wider community. e2v'svision is to create value through bright ideas in technology andmaterials science. The Company's mission is to place customers at theheart of the business, providing enabling products of premium qualitythat extend technical barriers and enhance the competitive position ofour partners. £ e2v has approximately 1,800 employees worldwide with three UKbased manufacturing sites in Chelmsford, Lincoln and High Wycombe, andone in Grenoble, France. In addition e2v has sales offices in the UK,USA, Germany and France and Hong Kong, as well as a network ofdistributors and representatives covering other key territories. £ Further information on e2v technologies plc is available from itswebsite, www.e2v.com. £ Safe Harbor £ This press release includes forward-looking statements, which aresubject to risks and uncertainties. Actual results may vary from thoseprojected or implied by such forward-looking statements. A completediscussion of risks and uncertainties that may affect the accuracy offorward-looking statements included in this press release or which mayotherwise affect our business is included under the heading "RiskFactors" in our most recent Annual Report on Form 20-F, Forms F-1, F-3and 6-K, as were filed with the Securities and Exchange Commission andthe Israel Securities Authority. We do not intend to update, andexpressly disclaim any obligation to update, the information containedin this release. Copyright Business Wire 2007