MIGDAL HAEMEK, Israel, July 19, 2016 (GLOBE NEWSWIRE) -- Audio Pixels Ltd., the global leader in the digital transition of loudspeakers, announced today
that it has chosen TowerJazz, the global specialty foundry leader, for the mass production of its first generation
high performance MEMS-based loudspeaker chip. The silicon chip loudspeaker is expected to introduce an entirely new generation of
groundbreaking device applications that exceed the sound performance specifications and design demands of the world’s consumer
electronics, industrial and medical device manufacturers.
TowerJazz was chosen as a manufacturing partner for Audio Pixels due to its superior MEMS technology, including
particle free deep silicon etch technology and thick films with controlled low stress. TowerJazz is an ideal partner for this
project due to its ability to move quickly from development to mass production while providing strong project support and insight
from its vast experience in servicing large consumer electronics customers.
“TowerJazz has a dedicated team with the proven technology and design enablement capabilities to meet our
advanced process requirements for high performance, quality and technological support for our revolutionary product,” says Shay
Kaplan, Audio Pixels Chief Scientist. ”In addition, their demonstrated commitment to provide expansive capacity and multi-fab
sourcing makes TowerJazz an ideal partner to augment our future mass production requirements.”
Audio Pixels has taken sound reproduction down an evolutionary path similar to transition display technologies
which have moved from large and bulky analog tube-based monitors to the slim digital flat panel hi-resolution displays of today.
The company has developed a technological platform that generates sound waves directly from a digital audio stream using
micro-electromechanical structures rather than conventional loudspeaker elements. The underlying Digital Sound Reconstruction (DSR)
techniques allow for the production of a chip based audio loudspeaker that is smaller, thinner, clearer sounding, more
power-efficient and far more compatible in meeting the demands of modern electronic manufacturing and devices. Audio Pixels is
focused on producing a single type of MEMS-based silicon chip that can be used either as a standalone micro-speaker or cascaded in
any multiples in order to achieve virtually any loudspeaker application.
TowerJazz provides world-class “Foundry MEMS Enablement” solutions which combine rapid implementation and
ramp-up high volume production of both 150mm and 200mm MEMS manufacturing capabilities. “Audio Pixels’ MEMS-based loudspeaker is
expected to have a significant impact on the multitude of industries and applications that currently consume billions of analog
loudspeakers,” says Nachi Vofsy, Director of R&D at TowerJazz. “We are extremely pleased to be Audio Pixels’ foundry of choice
for MEMS manufacturing to address these vast market opportunities.”
About Audio Pixels Ltd.
Audio Pixels Limited, founded in 2006, is a wholly owned subsidiary of Audio Pixels Holdings Limited, listed in Australia under the
stock code of AKP (ADR’s on NASDAQ International under the code ADPXY). Backed by exceptional multidisciplinary scientific
research, design, and production capabilities, Audio Pixels has become a world leader in digital loudspeaker technologies. Audio
Pixels’ patented technologies employ entirely new techniques to generate sound waves directly from a digital audio stream using
micro-electromechanical structures (MEMS). Its revolutionary technological platform for reproducing sound enables the production of
an entirely new generation of speakers that will exceed the performance specifications and design demands of the world’s top
consumer electronics manufacturers. For more information, visit www.audiopixels.com.au/.
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM) and its fully owned U.S. subsidiaries Jazz Semiconductor, Inc. and TowerJazz
Texas Inc., 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, RF
CMOS, CMOS image sensor, integrated power management (BCD and 700V), and MEMS. TowerJazz also provides a world-class design
enablement platform for a quick and accurate design cycle as well as Transfer Optimization and development Process Services (TOPS)
to IDMs and fabless companies that need to expand capacity.
To provide multi-fab sourcing and extended capacity for its customers, TowerJazz operates two manufacturing
facilities in Israel (150mm and 200mm), two in the U.S. (200mm) and three additional facilities in Japan (two 200mm and one 300mm)
through TowerJazz Panasonic Semiconductor Co. (TPSCo), established with Panasonic Corporation of which TowerJazz
has the majority holding. Through TPSCo, TowerJazz provides leading edge 45nm CMOS, 65nm RF CMOS and 65nm 1.12um pixel
technologies, including the most advanced image sensor technologies. For more information, please visit www.towerjazz.com or www.tpsemico.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.
Audio Pixels Company Contact: Fred Bart l +61 (2) 9233-5015 l
info@audiopixels.com
TowerJazz Company Contact: Lauri Julian l +1 949-280-5602 l lauri.julian@towerjazz.com
TowerJazz Investor Relations Contact: Noit Levi | +972-4-604-7066 | noit.levi@towerjazz.com
Press Release (PDF): http://hugin.info/167229/R/2029324/754542.pdf
