December 3, 2021

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

BLOOMINGTON, Minn.–(Organization WIRE)–SkyWater Technologies (NASDAQ: SKYT), the trusted technological know-how realization husband or wife, right now announced it has signed a lease with Purdue Study Foundation (PRF) to accommodate an initial SkyWater team in the [email protected] Technologies Park in Odon, Indiana, adjacent to the Naval Surface Warfare Centre, Crane Division (NSWC Crane). PRF is a globe course resource for technological know-how innovation and secure net protocol (IP), supporting entrepreneurs and startups. Several gurus, elected officers, small business leaders and civic figures have advocated to build an ecosystem of innovators at [email protected] Engineering Park. SkyWater joins WestGate’s escalating cadre of companions in the defense, radiation hardened (rad-challenging) and highly developed packaging space with the target of amplified collaboration and synergy.

[email protected] Technological know-how Park companions with a range of corporations and corporations, which include regional and point out economic advancement companies, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Workplace of Protection Enhancement, among the many others. WestGate was developed around NSWC Crane, a leading Navy lab furnishing exploration, growth, exam, analysis and logistics help to the Section of Defense (DOD). Several of NSWC Crane’s endeavours concentrate on advancing DOD-exceptional capabilities in rad-tricky electronics, radio-frequency (RF) technological know-how, optoelectronics, highly developed packaging and trustworthy and confident microelectronics.

SkyWater’s spot in the technological innovation park supports WestGate’s eyesight to become a centre of excellence in DOD microelectronics and demonstrates the company’s sturdy motivation to the U.S. government’s requirements for rad-tricky methods and superior packaging. In addition, presented Indiana’s dynamic financial system, SkyWater anticipates its presence at WestGate will open up entry to other options these types of as Indiana’s READI method. Kevin Jackson, recently appointed as SkyWater’s senior vice president of corporate growth, will lead the company’s efforts at Westgate. He will leverage his substantial working experience in the aerospace and protection microelectronics ecosystem to handle rad-tricky and other custom made answers supply.

In July, Thomas Sonderman, SkyWater president and CEO, met with Indiana Governor Eric Holcomb to talk about SkyWater’s ongoing collaboration with the U.S. governing administration and prospects in Indiana to support amplified domestic semiconductor producing.

“We are thrilled to welcome SkyWater into Indiana’s vibrant know-how and innovation ecosystem as the condition leverages its extensive-standing state-of-the-art production abilities and workforce to reshore and reinvent the long term of microelectronics,” mentioned Indiana Secretary of Commerce Brad Chambers. “SkyWater’s dedication to Indiana, along with its pure-perform foundry model, reinforces our state’s study momentum and aid of innovators like SkyWater.”

Sonderman included, “As a DOD-Dependable provider, SkyWater is nicely-suited to meet the crucial requires of the U.S. federal government as properly as industrial clients requiring U.S.-dependent manufacturing operations. In addition, we are energized to engage with top universities situated in Indiana and entry their pipeline of high good quality expertise to acquire new and disruptive technologies.”

About SkyWater Know-how

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service℠ model streamlines the path to generation for consumers with improvement services, volume creation and state-of-the-art packaging options in its globe-course U.S. facilities. This groundbreaking product permits innovators to co-build the following wave of technological innovation with diverse groups like blended-sign CMOS, examine-out ICs, rad-tough, electrical power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves expanding marketplaces together with aerospace & defense, automotive, biomedical, cloud & computing, buyer, industrial and IoT. For much more information, visit: www.skywatertechnology.com.

SkyWater Know-how Forward-Seeking Statements

This press launch consists of “forward-looking” statements inside the which means of the Non-public Securities Litigation Reform Act of 1995, such as statements that are based mostly on the Company’s present-day expectations or forecasts of potential activities, fairly than past activities and results, and these kinds of statements are not guarantees of upcoming effectiveness. Forward-hunting statements are issue to risks, uncertainties and assumptions, which might bring about the Company’s genuine outcomes, effectiveness or achievements to be materially unique from individuals expressed or implied by these kinds of forward-wanting statements. Crucial factors that could result in the Company’s real results to be unique than envisioned or expected include, but are not restricted to aspects talked about in the “Risk Factors” section of the prospectus the Enterprise filed with the SEC on April 22, 2021, its quarterly report on Variety 10-Q for the quarter finished October 3, 2021 and in other documents that the Organization documents with the SEC, which are out there at http://www.sec.gov. The Business assumes no obligation to update any forward-hunting statements, which discuss only as of the date of this press launch.

SKYT-CORP