DRS Technologies and Cypress Semiconductor Reach Agreement to Manufacture Uncooled Detectors

  DRS Technologies and Cypress Semiconductor Reach Agreement to Manufacture
                              Uncooled Detectors

PR Newswire

ARLINGTON, Va., and SAN JOSE, Calif., Feb. 19, 2013

ARLINGTON, Va., and SAN JOSE, Calif., Feb. 19, 2013 /PRNewswire/ --DRS
Technologies, Inc., a Finmeccanica Company, and Cypress Semiconductor Corp.
(NASDAQ: CY) today announced that DRS will transfer its state-of-the-art
Microbolometer technology for uncooled infrared detectors to Cypress for
high-volume manufacturing.

(Logo: http://photos.prnewswire.com/prnh/20121130/PH22008LOGO)

The proprietary production process, developed by the Network and Imaging
Systems (NIS) division of DRS Technologies, will be transferred to Cypress's
65nm Class 10 8-inch wafer fabrication facility in Bloomington, Minnesota.
The exclusive agreement will allow DRS Technologies to continue to improve
sensor production by taking advantage of Cypress's advanced manufacturing for
significantly reduced wafer costs.

The agreement will leverage Cypress's advanced process technology and transfer
expertise along with its Trusted Fab accreditation and quality certifications
for TS16949 and ISO14001. DRS and Cypress expect to have qualified product by
early 2014.

Cypress manufactures high-performance, mixed-signal, programmable solutions
for a variety of markets, proving an ideal partner for DRS Technologies, a
leader in infrared solutions for military and commercial applications.

"The partnership with Cypress will allow us to better meet the growing demands
of the thermal imaging market," said NIS President Mike Sarrica. "With our
advanced, proprietary microbolometer production process and Cypress's proven
technology and manufacturing expertise, we can achieve the high-volume, high
yield and low-cost capabilities that have become requirements of both the
commercial and military markets."

"This partnership validates Cypress's commitment to high-quality, low-cost
manufacturing in the United States," said Minh Pham, Executive Vice President
of Worldwide Manufacturing at Cypress. "This partnership expands our base of
foundry customers for our Minnesota wafer fab, and will add new MEMS
processing capabilities to support fabrication of Microbolometers. We expect
growth in our wafer foundry business as more companies see the value and
service we can offer."

About DRS Technologies

DRS Technologies is a leading supplier of integrated products, services and
support to military forces, intelligence agencies, prime contractors and
commercial security operations worldwide. The company is a wholly owned
subsidiary of Finmeccanica S.p.A. (FNC.MI), which employs 70,000 people
worldwide. Within DRS, the Network and Imaging Systems (NIS) Company
manufactures and supports advanced electro-optical sensor systems, and
develops innovative networking capabilities that integrate these sensors in a
broader tactical C4 environment. NIS is based in Dallas, Tex.; Melbourne,
Fla.; Cypress, Calif.; Huntsville, Ala.; Columbia, Md.; and the UK. For more
information about DRS Technologies, please visit www.drs.com.

About Cypress's Fab 4

Cypress operates its own wafer fabrication facility in Bloomington, Minnesota,
and offers access to this facility as a Specialty Foundry Solutions provider.
This 8-inch wafer fab manufactures in high volume down to the 90-nm node with
65nm capability. It offers process technologies that integrate SONOS-based
non-volatile memory and precision analog/mixed signal capabilities. The
facility can handle ITAR material, and has been accredited as a Category 1A
Trusted Fab for fabrication, design, and testing of U.S. DoD Trusted
Microelectronics. Learn more about the Cypress Foundry Solutions online at
www.cypress.com/go/foundry.

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that
provide customers with rapid time-to-market and exceptional system value.
Cypress offerings include the flagship PSoC 1, PSoC 3, and PSoC 5 programmable
system-on-chip families and derivatives, CapSense^® touch sensing and
TrueTouch^® solutions for touchscreens. Cypress is the world leader in USB
controllers, including the high-performance West Bridge^® solution that
enhances connectivity and performance in multimedia handsets, PCs and tablets.
Cypress is also the world leader in SRAM memories. Cypress serves numerous
markets including consumer, mobile handsets, computation, data communications,
automotive, industrial and military. Cypress trades on the NASDAQ Global
Select Market under the ticker symbol CY. Visit Cypress online at
www.cypress.com.

For additional information, please contact:

Joseph Militano, DRS Public Relations
Senior Vice President, Public Affairs and Communications
(703) 236-4659
jmilitano@drs.com 

Samer Bahou, Cypress Public Relations
(408) 232-4552
samer.bahou@cypress.com

SOURCE DRS Technologies

Website: http://www.drs.com
 
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