Xtendwave Selects TowerJazz for the Manufacture of Next

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 
MIGDAL HAEMEK, ISRAEL and DALLAS, TX -- (Marketwire) -- 11/19/12 --  
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(R) radio controlled clock receiver products. EverSet(R)
products will be capable of receiving the new WWVB atomic-timekeeping
broadcast developed by Xtendwave under a Small Business Innovation
Research 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 much lower than present designs. WWVB is the station that
radio-controlled ("atomic") clocks in the U.S. use for
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(R) 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(R) 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(R) 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(R) 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
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 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
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 
TowerJazz Investor Relations Contact: 
Noit Levi 
Xtendwave Contact: 
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