TowerJazz to Service High Volume, Commercial Infrared Markets
Markets predicted by
The advanced CMOS-based process at TowerJazz’s US location is a viable, commercially sustainable foundry offering to support its commercial as well as its aerospace and defense customers.
“This development is a natural fit for TowerJazz. Our leading edge CMOS
for custom imaging products and our expertise in bringing specialty
processing and MEMS to volume manufacturing fits extremely well with the
proven capabilities of our customer,” said
“Combined external and internal investments will expand our existing
fabrication as well as facilitize an annex which will be used for
certain unique processes. This will be the first and only large scale
pure play foundry capable of producing fully integrated sensors. The
application space is expected to grow substantially, enabling a new and
additional significant revenue stream to the company,” said
About TowerJazz
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,
Source: TowerJazz
TowerJazz US Company/Media Contact:
Lauri Julian,
+1-949-715-3049
lauri.julian@towerjazz.com
or
TowerJazz
Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com