February 7, 2023


Your Partner in The Digital Era

SkyWater Establishes Existence in Indiana’s [email protected] Engineering Park, Adjacent to NSWC Crane

BLOOMINGTON, Minn.–(Small business WIRE)–SkyWater Technology (NASDAQ: SKYT), the trusted know-how realization partner, nowadays declared it has signed a lease with Purdue Exploration Foundation (PRF) to accommodate an first SkyWater group in the [email protected] Technological innovation Park in Odon, Indiana, adjacent to the Naval Area Warfare Middle, Crane Division (NSWC Crane). PRF is a planet course supply for technological know-how innovation and safe online protocol (IP), supporting business people and startups. Numerous experts, elected officers, business enterprise leaders and civic figures have advocated to develop an ecosystem of innovators at [email protected] Technological innovation Park. SkyWater joins WestGate’s increasing cadre of companions in the defense, radiation hardened (rad-challenging) and sophisticated packaging house with the intention of enhanced collaboration and synergy.

[email protected] Technology Park companions with a wide range of businesses and corporations, which include local and point out economic enhancement firms, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Business office of Protection Growth, amid other folks. WestGate was formulated close to NSWC Crane, a leading Navy lab offering study, progress, exam, analysis and logistics help to the Department of Defense (DOD). A lot of of NSWC Crane’s efforts concentration on advancing DOD-distinctive capabilities in rad-hard electronics, radio-frequency (RF) technology, optoelectronics, state-of-the-art packaging and trusted and certain microelectronics.

SkyWater’s area in the know-how park supports WestGate’s eyesight to come to be a center of excellence in DOD microelectronics and demonstrates the company’s robust commitment to the U.S. government’s demands for rad-challenging methods and innovative packaging. In addition, provided Indiana’s dynamic economy, SkyWater anticipates its presence at WestGate will open up accessibility to other prospects these as Indiana’s READI plan. Kevin Jackson, a short while ago appointed as SkyWater’s senior vice president of company growth, will guide the company’s efforts at Westgate. He will leverage his comprehensive knowledge in the aerospace and defense microelectronics ecosystem to take care of rad-tough and other customized methods shipping and 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 manufacturing.

“We are thrilled to welcome SkyWater into Indiana’s lively know-how and innovation ecosystem as the point out leverages its lengthy-standing sophisticated production experience and workforce to reshore and reinvent the future of microelectronics,” mentioned Indiana Secretary of Commerce Brad Chambers. “SkyWater’s commitment to Indiana, together with its pure-participate in foundry product, reinforces our state’s analysis momentum and aid of innovators like SkyWater.”

Sonderman extra, “As a DOD-Reliable supplier, SkyWater is very well-suited to satisfy the significant needs of the U.S. government as well as professional consumers necessitating U.S.-dependent production operations. In addition, we are thrilled to interact with best universities situated in Indiana and access their pipeline of higher quality talent to develop new and disruptive systems.”

About SkyWater Technological know-how

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor company and a DOD-accredited Reliable supplier. SkyWater’s Know-how as a Service℠ product streamlines the route to manufacturing for prospects with advancement providers, quantity creation and sophisticated packaging options in its earth-class U.S. services. This pioneering product allows innovators to co-generate the up coming wave of technologies with various categories which includes combined-signal CMOS, study-out ICs, rad-tough, energy discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves developing marketplaces which includes aerospace & defense, automotive, biomedical, cloud & computing, buyer, industrial and IoT. For a lot more information, take a look at: www.skywatertechnology.com.

SkyWater Know-how Forward-Wanting Statements

This push launch is made up of “forward-looking” statements in just the meaning of the Private Securities Litigation Reform Act of 1995, which includes statements that are based on the Company’s current anticipations or forecasts of foreseeable future activities, fairly than earlier activities and outcomes, and these statements are not ensures of long term effectiveness. Ahead-hunting statements are issue to dangers, uncertainties and assumptions, which may possibly lead to the Company’s precise benefits, performance or achievements to be materially various from people expressed or implied by this sort of forward-searching statements. Crucial elements that could bring about the Company’s real benefits to be distinctive than envisioned or expected contain, but are not constrained to factors talked over in the “Risk Factors” section of the prospectus the Business filed with the SEC on April 22, 2021, its quarterly report on Kind 10-Q for the quarter finished Oct 3, 2021 and in other paperwork that the Business documents with the SEC, which are readily available at http://www.sec.gov. The Firm assumes no obligation to update any forward-searching statements, which talk only as of the date of this push launch.