February 25, 2024

Brad Marolf

Business & Finance Wonders

SkyWater Establishes Presence in Indiana’s WestGate@Crane Engineering Park, Adjacent to NSWC Crane

BLOOMINGTON, Minn.–(Business WIRE)–SkyWater Engineering (NASDAQ: SKYT), the trusted engineering realization companion, nowadays introduced it has signed a lease with Purdue Investigate Foundation (PRF) to accommodate an original SkyWater team in the WestGate@Crane Technological know-how Park in Odon, Indiana, adjacent to the Naval Surface area Warfare Center, Crane Division (NSWC Crane). PRF is a entire world class resource for technological innovation innovation and protected internet protocol (IP), supporting business owners and startups. Quite a few gurus, elected officials, small business leaders and civic figures have advocated to produce an ecosystem of innovators at WestGate@Crane Engineering Park. SkyWater joins WestGate’s growing cadre of partners in the protection, radiation hardened (rad-challenging) and state-of-the-art packaging room with the intention of elevated collaboration and synergy.

WestGate@Crane Engineering Park associates with a range of companies and organizations, which include nearby and state financial development companies, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Place of work of Protection Advancement, amid many others. WestGate was developed around NSWC Crane, a leading Navy lab furnishing analysis, advancement, examination, analysis and logistics aid to the Department of Protection (DOD). Lots of of NSWC Crane’s initiatives emphasis on advancing DOD-exclusive capabilities in rad-tricky electronics, radio-frequency (RF) know-how, optoelectronics, superior packaging and dependable and certain microelectronics.

SkyWater’s locale in the technologies park supports WestGate’s eyesight to develop into a center of excellence in DOD microelectronics and demonstrates the company’s robust determination to the U.S. government’s desires for rad-tricky solutions and state-of-the-art packaging. In addition, provided Indiana’s dynamic economy, SkyWater anticipates its existence at WestGate will open up obtain to other chances these types of as Indiana’s READI plan. Kevin Jackson, not long ago appointed as SkyWater’s senior vice president of corporate improvement, will lead the company’s attempts at Westgate. He will leverage his substantial practical experience in the aerospace and protection microelectronics ecosystem to take care of rad-really hard and other customized methods shipping.

In July, Thomas Sonderman, SkyWater president and CEO, satisfied with Indiana Governor Eric Holcomb to discuss SkyWater’s ongoing collaboration with the U.S. governing administration and alternatives in Indiana to assist elevated domestic semiconductor production.

“We are thrilled to welcome SkyWater into Indiana’s vibrant technology and innovation ecosystem as the point out leverages its prolonged-standing superior production abilities and workforce to reshore and reinvent the foreseeable future of microelectronics,” stated Indiana Secretary of Commerce Brad Chambers. “SkyWater’s dedication to Indiana, alongside with its pure-participate in foundry model, reinforces our state’s analysis momentum and aid of innovators like SkyWater.”

Sonderman added, “As a DOD-Trusted supplier, SkyWater is perfectly-suited to meet up with the vital requires of the U.S. govt as properly as industrial customers necessitating U.S.-dependent producing functions. In addition, we are thrilled to engage with major universities located in Indiana and access their pipeline of high excellent talent to build new and disruptive technologies.”

About SkyWater Technologies

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor maker and a DOD-accredited Dependable supplier. SkyWater’s Technologies as a Service℠ design streamlines the route to production for clients with growth products and services, volume production and superior packaging alternatives in its globe-course U.S. services. This revolutionary design allows innovators to co-produce the future wave of know-how with varied types like combined-sign CMOS, browse-out ICs, rad-tricky, electric power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves rising markets including aerospace & defense, automotive, biomedical, cloud & computing, customer, industrial and IoT. For more info, visit: www.skywatertechnology.com.

SkyWater Engineering Ahead-Wanting Statements

This press release consists of “forward-looking” statements in just the meaning of the Personal Securities Litigation Reform Act of 1995, like statements that are primarily based on the Company’s latest expectations or forecasts of upcoming situations, rather than previous functions and results, and this sort of statements are not assures of future overall performance. Ahead-on the lookout statements are subject matter to challenges, uncertainties and assumptions, which may cause the Company’s genuine benefits, overall performance or achievements to be materially distinct from these expressed or implied by these types of ahead-looking statements. Important aspects that could lead to the Company’s actual results to be unique than predicted or anticipated contain, but are not restricted to variables talked about in the “Risk Factors” portion of the prospectus the Company submitted with the SEC on April 22, 2021, its quarterly report on Type 10-Q for the quarter ended October 3, 2021 and in other documents that the Organization documents with the SEC, which are available at http://www.sec.gov. The Business assumes no obligation to update any ahead-hunting statements, which discuss only as of the date of this press launch.

SKYT-CORP