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Press release from Business Wire

TriQuint Acquires CAP Wireless and Its Spatium Technology

Wednesday, August 07, 2013

TriQuint Acquires CAP Wireless and Its Spatium Technology

16:30 EDT Wednesday, August 07, 2013

HILLSBORO, Ore. (Business Wire) -- TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced that it has acquired CAP Wireless (Newbury Park, CA) and its patented Spatium RF power combining technology that replaces traveling wave tube amplifiers (TWTAs) in communications and defense systems. TriQuint estimates that the TWTA market opportunity will be about $600 million by 2015.

The acquisition leverages TriQuint's position as a gallium nitride (GaN) pioneer and CAP Wireless' high power RF solid state amplifier system expertise. The combined company now offers a wider selection of high power / high frequency products. CAP Wireless' Spatium technology adds to the exceptional bandwidth, efficiency and ruggedness of TriQuint's product portfolio.

Spatium technology dramatically improves broadband RF power efficiency through the use of patented coaxial spatial combining techniques. Spatium provides other performance advantages including solid-state reliability, smaller form factors, higher power densities and reduced weight compared to either TWTA-based systems or conventional planar power combining products. Spatium can provide faster time-to-market and can seamlessly incorporate GaN MMIC performance breakthroughs while reducing product lifecycle costs.

TriQuint Vice President and General Manager for Infrastructure and Defense Products, James L. Klein, noted that TriQuint's acquisition of CAP Wireless merges a unique approach to high power RF amplifier system design with the benefits of TriQuint GaN device technology.

“CAP Wireless initially developed its Spatium amplifier platform using gallium arsenide-based (GaAs) MMICs. GaN-based products from TriQuint can elevate Spatium to new levels of efficiency, power density, frequency coverage and output power.”

CAP Wireless' Spatium products are currently being sold and designed into several U.S. and international defense and commercial programs. TriQuint will focus Spatium technology development as a solution for high efficiency power applications in commercial and defense markets, including electronic warfare (EW), communications and radar. TriQuint's reliable supply of high performance MMICs, combined with its volume manufacturing expertise will benefit immediate and long-term customer requirements for Spatium-based and conventional amplifier products.

TriQuint is continuing operation of CAP Wireless product sales and contracts while it develops new devices based on Spatium technology using TriQuint GaN and GaAs MMIC amplifiers. For more information about Spatium and TriQuint GaN high-power RF solutions, visit us online at: www.triquint.com. Contact TriQuint for a wide range of GaN, GaAs, SAW and BAW product information, or visit the Sales webpage for local assistance; register to receive product updates through TriQuint's newsletter.

FORWARD LOOKING STATEMENTS

This TriQuint Semiconductor, Inc. (NASDAQ: TQNT) press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that forward-looking statements involve risks and uncertainties. The cautionary statements made in this press release should be read as being applicable to all related statements wherever they appear. Statements containing such words as ‘leading', ‘exceptional', ‘high efficiency', ‘key role', ‘leading supplier', or similar terms are considered to contain uncertainty and are forward-looking statements. A number of factors affect TriQuint's operating results and could cause its actual future results to differ materially from any results indicated in this press release or in any other forward-looking statements made by, or on behalf of, TriQuint including, but not limited to: those associated with the unpredictability and volatility of customer acceptance of and demand for our products and technologies, the ability of our production facilities and those of our vendors to meet demand, the ability of our production facilities and those of our vendors to produce products with yields sufficient to maintain profitability, as well as the other “Risk Factors” set forth in TriQuint's most recent 10-Q report filed with the Securities and Exchange Commission. This and other reports can be found on the SEC web site, www.sec.gov. A reader of this release should understand that these and other risks could cause actual results to differ materially from expectations expressed / implied in forward-looking statements.

FACTS ABOUT TRIQUINT

Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading global provider of innovative RF solutions and foundry services for the world's top communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry's broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information, visit www.triquint.com.

TriQuint: Reach Further, Reach Faster™

TriQuint Media Contact:
Mark W. Andrews, +1-407-884-3404
Strategic Marketing Communications Mgr.
Mark.Andrews@triquint.com
or
TriQuint Infrastructure & Defense Products:
Dean White, +1-972-994-8630
Defense & Aerospace Product Marketing Manager
Dean.White@triquint.com

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