July 25, 2024


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SkyWater Establishes Presence in Indiana’s WestGate@Crane Technology Park, Adjacent to NSWC Crane

SkyWater Establishes Presence in Indiana’s WestGate@Crane Technology Park, Adjacent to NSWC Crane

BLOOMINGTON, Minn.–(Company WIRE)–SkyWater Technology (NASDAQ: SKYT), the trusted technology realization companion, nowadays declared it has signed a lease with Purdue Research Foundation (PRF) to accommodate an original SkyWater crew in the WestGate@Crane Technology Park in Odon, Indiana, adjacent to the Naval Area Warfare Middle, Crane Division (NSWC Crane). PRF is a world course source for technological know-how innovation and safe online protocol (IP), supporting business people and startups. Quite a few specialists, elected officers, company leaders and civic figures have advocated to establish an ecosystem of innovators at WestGate@Crane Know-how Park. SkyWater joins WestGate’s increasing cadre of partners in the defense, radiation hardened (rad-tough) and state-of-the-art packaging room with the intention of greater collaboration and synergy.

WestGate@Crane Technological know-how Park companions with a wide range of organizations and organizations, which include community and point out financial growth companies, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Office environment of Defense Development, amongst other people. WestGate was designed all around NSWC Crane, a premier Navy lab giving investigation, development, exam, evaluation and logistics assistance to the Department of Protection (DOD). Lots of of NSWC Crane’s initiatives concentration on advancing DOD-exceptional capabilities in rad-tricky electronics, radio-frequency (RF) know-how, optoelectronics, sophisticated packaging and trusted and certain microelectronics.

SkyWater’s locale in the technological innovation park supports WestGate’s eyesight to grow to be a center of excellence in DOD microelectronics and demonstrates the company’s robust commitment to the U.S. government’s wants for rad-challenging remedies and sophisticated packaging. In addition, supplied Indiana’s dynamic financial state, SkyWater anticipates its presence at WestGate will open up up obtain to other possibilities this kind of as Indiana’s READI program. Kevin Jackson, just lately appointed as SkyWater’s senior vice president of company improvement, will lead the company’s endeavours at Westgate. He will leverage his substantial encounter in the aerospace and protection microelectronics ecosystem to take care of rad-difficult and other custom made options delivery.

In July, Thomas Sonderman, SkyWater president and CEO, satisfied with Indiana Governor Eric Holcomb to talk about SkyWater’s ongoing collaboration with the U.S. government and options in Indiana to assist greater domestic semiconductor producing.

“We are thrilled to welcome SkyWater into Indiana’s vivid engineering and innovation ecosystem as the condition leverages its very long-standing state-of-the-art production know-how and workforce to reshore and reinvent the foreseeable future of microelectronics,” explained Indiana Secretary of Commerce Brad Chambers. “SkyWater’s commitment to Indiana, alongside with its pure-perform foundry model, reinforces our state’s investigation momentum and help of innovators like SkyWater.”

Sonderman added, “As a DOD-Trustworthy provider, SkyWater is nicely-suited to fulfill the vital demands of the U.S. govt as perfectly as business clients demanding U.S.-based manufacturing operations. In addition, we are fired up to engage with best universities located in Indiana and entry their pipeline of substantial quality talent to acquire new and disruptive technologies.”

About SkyWater Know-how

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor producer and a DOD-accredited Dependable provider. SkyWater’s Know-how as a Service℠ model streamlines the path to creation for clients with progress products and services, quantity generation and highly developed packaging remedies in its environment-class U.S. facilities. This groundbreaking model allows innovators to co-create the following wave of know-how with assorted types including blended-signal CMOS, browse-out ICs, rad-challenging, ability discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves expanding marketplaces together with aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For far more information and facts, go to: www.skywatertechnology.com.

SkyWater Know-how Forward-Wanting Statements

This push launch has “forward-looking” statements within the this means of the Private Securities Litigation Reform Act of 1995, which include statements that are based on the Company’s latest anticipations or forecasts of foreseeable future activities, instead than previous situations and results, and such statements are not assures of future effectiveness. Ahead-looking statements are subject matter to pitfalls, uncertainties and assumptions, which may well lead to the Company’s true final results, effectiveness or achievements to be materially unique from these expressed or implied by these ahead-seeking statements. Vital components that could trigger the Company’s genuine final results to be distinctive than expected or predicted incorporate, but are not limited to factors talked about in the “Risk Factors” section of the prospectus the Company submitted with the SEC on April 22, 2021, its quarterly report on Kind 10-Q for the quarter ended October 3, 2021 and in other paperwork that the Firm documents with the SEC, which are out there at http://www.sec.gov. The Company assumes no obligation to update any ahead-looking statements, which talk only as of the date of this push release.