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Sensata Completes Acquisition of SMaL Camera Business Unit from Cypress | Cypress Semiconductor

Sensata Completes Acquisition of SMaL Camera Business Unit from Cypress

Last Updated: March 14, 2007

Sensata Completes Acquisition of SMaL Camera Business Unit from Cypress

Acquisition of Automotive Imaging Unit Will Add Strong, Complementary Intellectual Property and Accelerate Time-to-Market in Rapidly Growing Automotive Vision Segment

ATTLEBORO, Mass. and SAN JOSE, Calif., March 14, 2007-- Sensata Technologies and Cypress Semiconductor Corp. jointly announced that Sensata has completed its acquisition of SMaL Camera Technologies, Inc., the automotive imaging business unit of Cypress.

Located in Cambridge, Mass., the SMaL Camera business unit provides cameras and camera subsystems to automotive Advanced Driver Assistance Systems to Tier 1 automotive suppliers and employs about 25 people. All SMaL Camera business unit employees will be offered employment with Sensata at SMaL Camera's present location.

Sensata Technologies' Chief Executive Officer Tom Wroe said the acquisition of SMaL Camera aligns well with Sensata's market focus on automotive safety and driver assistance systems. He said, "This acquisition will provide strong, complementary intellectual property to development efforts in automotive vision systems already under way and will enable Sensata to accelerate its time-to-market in this rapidly growing market segment."

SMaL Camera was founded in 1999 out of research conducted at the Massachusetts Institute of Technology (MIT) in the field of CMOS (complimentary metal-oxide semiconductor) imaging. At SMaL Camera, the focus was on techniques to control and expand the dynamic range of imagers that leveraged SMaL Camera's strengths in mixed-signal and digital design. SMaL Camera was acquired by Cypress in 2005.

About Sensata Technologies B.V.
Formerly the Sensors & Controls business of Texas Instruments, Sensata Technologies was acquired by Bain Capital, LLC, a leading global private investment firm, in April, 2006. Sensata is a leading designer and manufacturer of sensors and controls for global leaders in the automotive, appliance, aircraft, industrial and HVAC markets. It has ten technology and manufacturing centers in nine countries, and sales offices throughout the world. Revenues for 2006 were approximately $1.2 billion. Visit Sensata online at"

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® Programmable System-on-Chip™, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB™ radio system-on-chip, to West Bridge™ and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at"