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Microsemi Awarded Its Largest USG Contract To Develop High-performance Integrated Circuits

Stocks in this article: MSCC

ALISO VIEJO, Calif., July 25, 2013 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it has been awarded a development contract from the U.S. government to deliver a complex SoC solution. The company currently expects the contract to generate revenue immediately and over the next two years.

(Logo: http://photos.prnewswire.com/prnh/20110909/MM66070LOGO)

Microsemi's broad technology capabilities differentiated its offering from a competitive field of many of the industry's leading semiconductor suppliers, with Microsemi receiving top scores in a number of key areas. Leveraging the most comprehensive technology portfolio in the industry, Microsemi has expanded its market opportunity and the company continues to pursue contracts within similar domains.

"This design win validates Microsemi's total solutions initiative," stated Russ Garcia, Microsemi's executive vice president of worldwide marketing. "Microsemi's unique combination of technology and capabilities enabled us to deliver the winning proposal to one of the world's most demanding customers, the U.S. government. As we continue to advance our technology and capabilities portfolio we expect to continue to vigorously participate on platforms in the communications and defense markets."

Microsemi currently expects the initial award of $75 million will contribute to revenues over the next two years.

About MicrosemiMicrosemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance, radiation-hardened and highly reliable analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,000 employees globally. Learn more at www.microsemi.com.

Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.

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