Financial Releases
TriQuint Receives Raytheon 4-Star Supplier Excellence Award
HILLSBORO, OR & RICHARDSON, TX (USA) – November 10, 2008 – TriQuint Semiconductor, Inc (NASDAQ: TQNT), a leading RF front-end product manufacturer and foundry services provider, was recognized by Raytheon Company’s Space and Airborne Systems (SAS) during its annual Supplier Excellence Awards (SEA) event with a four-star award for quality, delivery performance and customer satisfaction. TriQuint was one of 15 companies recognized by Raytheon and one of only two that received top, four-star honors.
“We’re extremely proud to be recognized by Raytheon Space and Airborne Systems for work on chipsets for phased array radar and other critical programs,” remarked Tom Cordner, TriQuint Vice President, who received the award along with Dr. Gailon Brehm, TriQuint’s Military Products Marketing Director.
“Recognition by Raytheon SAS is gratifying because it honors the men and women of TriQuint who consider working in defense and aerospace products a special type of assignment,” remarked Dr. Brehm. “We continually strive to offer our customers the industry’s best power and filter devices through our top-rated foundry, supported by our ISO/AS9100 Approved Quality System.
“Raytheon SAS has been an exemplary customer. We will continually pursue the highest standards, providing Raytheon with products that meet their standards of excellence: ‘No Doubt’,” he added.
TriQuint is a leading manufacturer of high-performance, highly-reliable integrated circuits for defense and aerospace applications including communications satellites, phased array radar, guidance, control and related systems. TriQuint’s expertise in RF, microwave and millimeter wave power and filter technologies, die-level devices, packaged products and integrated modules has made the company a leading supplier of system components to major defense and aerospace contractors throughout the world. TriQuint is also ranked the world’s largest GaAs foundry service and the defense industry’s leading foundry provider according to Strategy Analytics’ semiconductor market reports1. TriQuint is also a leading RF supplier to consumer wireless markets such as mobile phones, wireless LAN devices and GPS systems.
For more information about TriQuint Semiconductor, visit: www.triquint.com; register for defense and aerospace product updates and our newsletter at www.triquint.com/rf.
1Source: Strategy Analytics, August 2008: GaAs Device Vendor Market Share 2007: North America; and GaAs Device Vendor Market Share 2007: Asia-Pacific and Europe.
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, we “Connect the Digital World to the Global Network”™ by supplying high-performance RF modules, components and foundry services to the world's leading communications companies. Specifically, TriQuint supplies products to four out of the top five cellular handset manufacturers, and is a leading gallium arsenide (GaAs) supplier to major defense and space contractors. TriQuint creates standard and custom products using advanced processes that include gallium arsenide, surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies to serve diverse markets including wireless handsets, base stations, broadband communications and military. TriQuint is also lead researcher in a 3-year DARPA program to develop advanced gallium nitride (GaN) amplifiers. TriQuint, as named by Strategy Analytics in August 2008, is the number-three worldwide leader in GaAs devices and the world’s largest commercial GaAs foundry. TriQuint has ISO9001 certified manufacturing facilities in Oregon, Texas, and Florida and a production plant in Costa Rica; design centers are located in North America and Germany. Visit TriQuint at www.triquint.com/rf to receive new product information and to register for our newsletters.
Dr. Gailon Brehm
Director – Military Product Marketing
TriQuint Semiconductor, Inc.
Tel: +1.972.994.3896
Fax: +1.407.994.8504
E-mail: gbrehm@tqs.com
Media Contact:
Mr. Mark Andrews
MarComm Manager
TriQuint Semiconductor, Inc.
Tel: +1.407.884.3404
Mobile: +1.407.353.8728
E-mail: mandrews@tqs.com