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Xtendwave Selects TowerJazz for the Manufacture of Next Generation WWVB Atomic Timekeeping Signal Receiver Products

Xtendwave Selects TowerJazz for the Manufacture of Next Generation WWVB Atomic
                     Timekeeping Signal Receiver Products

Xtendwave's ICs to be used in clocks, watches, small appliances, automobiles,
utility meters, personal electronics and other applications

Non-networked clock-enabled devices sold in US every year estimated at 200M
units

PR Newswire

MIGDAL HAEMEK, Israel and DALLAS, Nov. 19, 2012

MIGDAL HAEMEK, Israel and DALLAS, Nov. 19, 2012 /PRNewswire/ -- TowerJazz
(Nasdaq: TSEM), the global specialty foundry leader, and Xtendwave, a fabless
semiconductor company focused on the development of physical-layer
communication technologies, today announced the selection of TowerJazz to
provide foundry support for Xtendwave's EverSet® radio controlled clock
receiver products. EverSet® products will be capable of receiving the new WWVB
atomic-timekeeping broadcast developed by Xtendwave under a Small Business
Innovation Research (SBIR) contract with the U.S. National Institute of
Standards and Technology (NIST), a government organization responsible for the
transmission of the WWVB time signal. Xtendwave has designed radio receivers
capable of receiving the WWVB signal with a signal-to-noise ratio (SNR) much
lower than present designs. WWVB is the station that radio-controlled
("atomic") clocks in the U.S. use for synchronization.

(Logo: http://photos.prnewswire.com/prnh/20120509/531192 )

The new standard is currently being tested for potential broadcast across
North America by NIST from its facility in Fort Collins, Colorado. Xtendwave's
EverSet® technology will provide orders-of-magnitude improvement in reception
compared to existing products based on the current broadcast format.
Xtendwave's design will be manufactured using TowerJazz's TS18SL process in
its Fab 2. EverSet® ICs will be used in clocks, watches, small appliances,
automobiles, utility meters, personal electronics and more, a market estimated
at a total of about 200 million non-networked clock-enabled devices sold in
the U.S. each year.

Xtendwave's EverSet® receiver technology provides manufacturers of clocks,
watches, and other products with a cost-effective chip that can receive and
decode the new WWVB broadcast and offers reliable timekeeping and ubiquitous
reception across North America. The CMOS implementation of EverSet® requires
minimal external component count and also allows it to be integrated as an IP
core into existing CMOS system-on-chip (SoC) solutions.

"By using TowerJazz's CMOS technology, Xtendwave can offer a high-performance,
cost-effective receiver IC for the new WWVB broadcast standard," said Ilan
Rabinovich, Vice President of Customer Support and General Manager of CMOS
Business Unit.

"We are very pleased to work with TowerJazz on our next generation atomic
timekeeping signal products, as we believe their process offers great
flexibility along with cost effectiveness," said Dennis I. Robbins, President
of Xtendwave. "We are thrilled to be at the forefront of technology for the
next generation of WWVB atomic timekeeping as we continue to proactively
address this growing market."

About Xtendwave
Xtendwave, based in Dallas, Texas, is a fabless semiconductor company focused
on the development of physical-layer communication technologies. These are
based on both analog and digital signal processing methods, strategically
targeted at enabling improved performance over various media through increased
data rates, greater distances, and higher quality-of-service. Xtendwave is
currently engaged with customers in both the precise timekeeping industries
and telecommunications industries. Xtendwave has strong collaborative
relationships with leading universities, and is the recipient of numerous SBIR
(Small Business Innovation Research) awards from the U.S. government. Visit:
www.xtendwave.com.

About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), its fully owned U.S.
subsidiary Jazz Semiconductor Ltd., and its fully owned Japanese subsidiary
TowerJazz Japan, Ltd., operate collectively under the brand name TowerJazz,
the global specialty foundry leader. TowerJazz manufactures integrated
circuits with geometries ranging from 1.0 to 0.13-micron, offering a broad
range of customizable process technologies including: SiGe, BiCMOS,
Mixed-Signal and RFCMOS, CMOS Image Sensor, Power Management (BCD), and
Non-Volatile Memory (NVM) as well as CMOS and MEMS capabilities. TowerJazz
also offers a world-class design enablement platform that complements its
sophisticated technology and enables a quick and accurate design cycle. In
addition, TowerJazz provides Technology Optimization Process Services (TOPS)
to IDMs as well as fabless companies that need to expand capacity, or progress
from an R&D line to a production line. To provide multi-fab sourcing,
TowerJazz maintains two manufacturing facilities in Israel, one in the U.S.,
and one in Japan with additional capacity available in China through
manufacturing partnerships. For more information, please visit
www.towerjazz.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 Media Contact: Lauri Julian | +1 949 435 8181 |
lauri.julian@towerjazz.com
TowerJazz Investor Relations Contact: Noit Levi | +972-4-604-7066 |
noit.levi@towerjazz.com
Xtendwave Contact: info@xtendwave.com

SOURCE TowerJazz

Website: http://towerjazz.com
 
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