Alps Electric and Qualtré, Inc. Announce Partnership for Next Generation Inertial Sensors; Strengthen Relationship with

  Alps Electric and Qualtré, Inc. Announce Partnership for Next Generation
  Inertial Sensors; Strengthen Relationship with Strategic Investment

Business Wire

MARLBOROUGH, Mass. -- June 10, 2013

Alps Electric and Qualtré, Inc. announced a partnership to bring to market
inertial sensors based on Qualtré’s disruptive Bulk Acoustic Wave Technology,
and Alps Electric moved to strengthen their relationship with Qualtré by
making a strategic investment in the company. The partnership combines the
strong manufacturing capabilities and global sales resources of Alps Electric
with the MEMS sensor development expertise of Qualtré. The two companies have
had an ongoing relationship for a number of years, and executives from both
companies believe that this partnership will provide customers with innovative
products and outstanding customer support.

Alps Electric will leverage the strengths of Qualtré’s sensor technology,
which has best-in-class performance on a number of characteristics, such as
vibration immunity and bias drift. These features are essential for enabling
emerging consumer applications, such as pedestrian navigation, location-aware
services and optical image stabilization. Alps Electric will focus on
manufacturing process efficiencies to bring Qualtré’s industrial-level sensor
performance to a price point capable of being used by designers of consumer
products. The partnership will also address the strong interest by customers
in the industrial market for this technology, since it will revolutionize the
price point for robust, 3-axis gyro sensors.

The market for MEMS inertial sensors continues to grow at an accelerated rate
compared to the overall semiconductor industry. Industry experts predict the
market for MEMS inertial sensors will exceed $4B by 2015. The applications for
MEMS inertial sensors are becoming more sophisticated, and Qualtré believes
that it has the only technology versatile enough to meet the demands of
emerging applications in products as diverse as smartphones/tablets,
automotive telematics, TV and gaming remotes, and industrial platform
stabilization or robotics. Qualtré has also received increasing interest in
its HARPSS^TM process, which is a key technology to enable cost effective
multiple sensor integration.

“We look forward to working more closely with Qualtré to develop
industry-leading sensors.” said Yasuo Sasao, Director of Alps Electric’
Components Business. “MEMS sensors are an important business segment within
our component business, and this partnership with Qualtré will be an important
part of our business strategy. Alps is a large, global company with the proven
ability to take innovative technologies like this and deliver it to customers
at competitive prices and with high quality.”

“Alps Electric has been a valuable strategic partner of ours for some time”
explained Edgar Masri, CEO of Qualtré. “They have a great MEMS team and the
manufacturing expertise necessary to drive cost reductions for volume
production. Combined with our world-class MEMS engineering team, we will offer
customers the optimal solution for their next generation design needs.”

About Alps Electric Co., Ltd.

Alps Electric (Tokyo: 6770) is a leading global manufacturer of high-quality
electronic components for mobile devices, home Electric, vehicles and
industrial equipment. With the philosophy of “Perfecting the Art of Electric”
Alps Electric supplies over 40,000 different components to about 2,000
companies all over the world. For more information, visit http://www.alps.com.

About Qualtré, Inc.

Founded in 2008, Qualtré is a venture-backed company commercializing the next
generation of solid-state silicon MEMS motion sensor solutions for consumer,
automotive and industrial applications. Qualtré’s innovation addresses the
real challenges multiple applications by combining the performance advantages
of the BAW sensor design and the cost and size scalability of the HARPSS™
process to deliver the best value in inertial sensors. The company is
headquartered in Marlborough, Massachusetts. More information can be found at
www.Qualtré.com.

Contact:

Qualtré, Inc.
Mark Laich, 508-658-8375
Vice President of Sales & Business Development
mlaich@qualtre.com
 
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