November 29, 2023

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SkyWater Establishes Existence in Indiana’s WestGate@Crane Technological know-how Park, Adjacent to NSWC Crane

BLOOMINGTON, Minn.–(Business enterprise WIRE)–SkyWater Technological innovation (NASDAQ: SKYT), the reliable technologies realization lover, nowadays announced it has signed a lease with Purdue Investigate Basis (PRF) to accommodate an preliminary SkyWater group in the WestGate@Crane Technological know-how Park in Odon, Indiana, adjacent to the Naval Floor Warfare Centre, Crane Division (NSWC Crane). PRF is a globe course supply for technological know-how innovation and secure net protocol (IP), supporting business people and startups. A lot of gurus, elected officials, small business leaders and civic figures have advocated to develop an ecosystem of innovators at WestGate@Crane Technological know-how Park. SkyWater joins WestGate’s expanding cadre of associates in the protection, radiation hardened (rad-difficult) and superior packaging space with the purpose of enhanced collaboration and synergy.

WestGate@Crane Technological innovation Park associates with a variety of companies and organizations, including nearby and condition economic advancement organizations, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Office of Protection Progress, amongst many others. WestGate was formulated close to NSWC Crane, a leading Navy lab supplying research, development, check, analysis and logistics help to the Division of Defense (DOD). Several of NSWC Crane’s attempts concentration on advancing DOD-exceptional abilities in rad-really hard electronics, radio-frequency (RF) technological innovation, optoelectronics, superior packaging and dependable and confident microelectronics.

SkyWater’s place in the technologies park supports WestGate’s eyesight to come to be a center of excellence in DOD microelectronics and demonstrates the company’s strong commitment to the U.S. government’s wants for rad-really hard options and superior packaging. In addition, presented Indiana’s dynamic financial state, SkyWater anticipates its presence at WestGate will open up up entry to other possibilities this sort of as Indiana’s READI method. Kevin Jackson, lately appointed as SkyWater’s senior vice president of corporate progress, will lead the company’s initiatives at Westgate. He will leverage his substantial encounter in the aerospace and defense microelectronics ecosystem to take care of rad-difficult and other customized solutions supply.

In July, Thomas Sonderman, SkyWater president and CEO, satisfied with Indiana Governor Eric Holcomb to go over SkyWater’s ongoing collaboration with the U.S. federal government and options in Indiana to guidance enhanced domestic semiconductor manufacturing.

“We are thrilled to welcome SkyWater into Indiana’s lively technology and innovation ecosystem as the point out leverages its very long-standing highly developed producing expertise and workforce to reshore and reinvent the long term of microelectronics,” explained Indiana Secretary of Commerce Brad Chambers. “SkyWater’s determination to Indiana, along with its pure-engage in foundry design, reinforces our state’s analysis momentum and assist of innovators like SkyWater.”

Sonderman included, “As a DOD-Dependable provider, SkyWater is perfectly-suited to satisfy the crucial wants of the U.S. governing administration as very well as commercial clients necessitating U.S.-primarily based production operations. In addition, we are excited to interact with prime universities located in Indiana and entry their pipeline of superior high quality expertise to produce new and disruptive systems.”

About SkyWater Technological know-how

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor producer and a DOD-accredited Trustworthy supplier. SkyWater’s Technological know-how as a Service℠ design streamlines the route to generation for buyers with development expert services, quantity manufacturing and highly developed packaging answers in its planet-class U.S. facilities. This revolutionary product allows innovators to co-make the following wave of technology with varied categories which includes combined-sign CMOS, browse-out ICs, rad-really hard, power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves expanding marketplaces which includes aerospace & protection, automotive, biomedical, cloud & computing, buyer, industrial and IoT. For additional facts, check out:

SkyWater Know-how Forward-Wanting Statements

This push release consists of “forward-looking” statements inside the this means of the Non-public Securities Litigation Reform Act of 1995, together with statements that are centered on the Company’s present-day expectations or forecasts of foreseeable future activities, rather than earlier activities and outcomes, and these types of statements are not assures of potential overall performance. Ahead-wanting statements are matter to threats, uncertainties and assumptions, which could induce the Company’s true final results, functionality or achievements to be materially distinctive from all those expressed or implied by these types of forward-seeking statements. Essential elements that could lead to the Company’s genuine outcomes to be various than expected or predicted incorporate, but are not constrained to elements talked over in the “Risk Factors” portion of the prospectus the Enterprise filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended Oct 3, 2021 and in other files that the Business documents with the SEC, which are obtainable at The Corporation assumes no obligation to update any ahead-wanting statements, which converse only as of the day of this push launch.