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TowerJazz and CMOSIS Announce Ramp to Volume Production for CMOSIS’ 12-megapixel CMV12000

  TowerJazz and CMOSIS Announce Ramp to Volume Production for CMOSIS’
  12-megapixel CMV12000

Business Wire

ANTWERP, Belgium & MIGDAL HAEMEK, Israel -- June 11, 2013

CMOSIS, a leading independent developer and supplier of high end CMOS image
sensors for professional imaging applications, and TowerJazz, the global
specialty foundry leader, today announced the ramp to volume production for
CMOSIS’ 12-megapixel CMV12000, following the very successful volume production
of its CMV products. In 2010, CMOSIS and TowerJazz announced collaboration on
the CMV product line, the flagship product family of CMOSIS. Since its
introduction, the CMV product family has been very successful in gaining
market share.

CMOSIS’ off-the-shelf CMV12000 is manufactured in TowerJazz’s Fab-2 in Migdal
Haemek, Israel using its advanced 0.18µm specialty CIS process (TS18IS). The
sensor’s excellent performance is based on CMOSIS’ collaboration and
co-development with TowerJazz’s R&D experts. The CMV 12000 product features
5.5 x 5.5 µm pixels laid out in a high-resolution 4096 x 3072 matrix covering
superHD (4k) resolution in an APS-C optical format. It offers high sensitivity
and low noise, global shutter and a frame rate of 150 fps providing best
in-class performance serving various markets such as industrial inspection,
broadcasting, motion analysis and others.

According to a 2012 Yole Développement CMOS image sensors report: 530,000
machine vision cameras were sold in 2011 and sales of machine vision cameras
are expected to grow to 644,000 units in 2015 at a 5% CAGR. The report also
noted that while today CCD still represents the large majority of the machine
vision market, CMOS cameras are expected to represent half of the sales in
2015 and to take over about 80% of the machine vision market in 2020. Today,
CMOS-based cameras represent only 20% of the global market in units, but 80%
of the R&D of camera manufacturers’ investments.

CMOSIS continues to apply TowerJazz’s advanced CMOS image sensor technology to
meet the market’s growing demands and to expand its relationship with
TowerJazz to collaborate on its next generation of CMOS image sensors. CMOSIS
addresses the need for image sensors used in consumer, industrial, medical and
automotive applications such as those used in movie and TV, traffic monitoring
and motion control, among others. CMOSIS’ in-house developed CIS technology,
along with TowerJazz’s proven experience in the imaging field and its own CIS
technology developed in-house, enables optimized designs with superior
performance. TowerJazz’s process features low dark current, low noise and high
dynamic range and its skilled experts support the customization of pixels per
customer requirements and project needs.

“We have enjoyed a very fruitful relationship with TowerJazz for several
years. TowerJazz has an expert team that can customize the CIS process to our
needs and create, together with us, new pixels that outperform our
competitors. Our ability to offer innovative imaging products with highly
reliable performance is based on our collaboration with TowerJazz and their
mature process technology, extensive R&D investment and excellent customer
support. By combining our companies’ expertise, we are able to offer a rich
solution for various digital imaging applications,” said Lou Hermans, Chief
Operating Officer, CMOSIS.

“We are thrilled to work with partners such as CMOSIS, true innovators in the
imaging field. The success of their CMV products is based on our successful
and wide-ranging relationship with CMOSIS from concept to development,
together solving complex engineering challenges and delivering products to
their customers with best in class, quality results. Together, we are
dedicated to bringing to market superior technology and we aim to gain a
significant share of the consumer, industrial and professional CMOS image
sensor markets,” said Dr. Avi Strum, VP and GM, CMOS Sensors Business Unit and
VP of Sales, Europe, TowerJazz.

About CMOSIS

CMOSIS is a pure-play supplier of standard off-the-shelf and
application-specific CMOS image sensors for the industrial and professional
market covering applications such as machine vision, scientific, medical,
automatic data capture and space. Founded in 2007 as a fabless CMOS image
sensor vendor CMOSIS provides standard off-the-shelf and turn-key solutions to
customers based on in-house design, characterization and qualification
facilities for research, development and volume production. CMOSIS currently
employs more than 50 people and is headquartered in Antwerp, Belgium.

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, offering a broad range of customizable process technologies
including: SiGe, BiCMOS, Mixed-Signal/CMOS, RFCMOS, CMOS Image Sensor, Power
Management (BCD), and MEMS capabilities. TowerJazz also provides a world-class
design enablement platform that enables a quick and accurate design cycle. In
addition, TowerJazz provides (TOPS) Transfer Optimization and development
Process Services to IDMs and fabless companies that need to expand capacity.
TowerJazz offers multi-fab sourcing with two manufacturing facilities in
Israel, one in the U.S., and one in Japan. 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.

Contact:

TowerJazz Europe Contact:
Limor Silberberg, +972-4-604-7738
limor.silberberg@towerjazz.com
or
TowerJazz Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com
or
CMOSIS Company Contact:
Wim Wuyts,  +32-3-260-17-33
wim.wuyts@cmosis.com
 
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