Press Release

Record Growth for Ohio MEMS Foundry
Broad-based MEMS Foundry Achieves Top Sales Quarter

04.29.09

(Toledo, OH) Officials at Midwest MicroDevices today announced that new order commitments during Q1 of 2009 grew an additional 5% over its previous best bookings quarter in Q4 of 2008. With Q4 representing a 28% jump over any prior quarter, MMD has experienced phenomenal growth and sustained the 2008 momentum even in these difficult economic times.

Also for fiscal 2008, MMD continued its achievement of reaching at least double digit growth since first offering services to the market in 2005. With the continued sales escalation in 2009, MMD is on track to surpass 2008 revenues by about the mid-point of 2009. Although MMD is privately held and does not publicly disclose specific sales results, “MMD clearly is on a strong growth trajectory that will take us into eight figures in just a few years” described CEO and co-founder Dr. Chris Melkonian.

The strong customer interest in MMD lies in its cost-effective approach to MEMS foundry work during early stages of development, pre-production, and production of wafers. The company has no minimum order size requirements and utilizes a flexible engagement model. Full or partial wafer lot runs are possible and atypical substrate sizes and fabrication processes are possible. Design and fab cycles with MMD are typically the most cost-effective of any commercial foundry, particularly for emerging to medium volume production.

MMD has multiple products in recurring production and devices produced to date include thermal sensors, pressure sensors, biomedical devices, RF, and some non-MEMS thin film devices. During the back half of 2008, MMD landed multiple new customers in a range of both Biomedical and Aerospace/Defense applications in which moderate volume production is typical. Overall, customers range from small and medium size firms to Fortune 100 companies.

About Midwest MicroDevices

Based in Ohio, Midwest MicroDevices is a dedicated wafer foundry providing fabrication services for external customers in MEMS and non-MEMS applications. As a focused foundry, MMD offers no products of its own which provides assurance that a customer’s intellectual property remains 100% protected. MMD targets customers in emerging & and volume applications for Instrumentation, Telecom, Life Sciences, & Aerospace/Defense.

Interested parties are invited to call the firm and ask for the Director of New Business Development.

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