Sawtek Inc. (Nasdaq:SAWS), through its wholly-owned subsidiary, Microsensor Systems, Inc. (MSI), today announced that it has entered into an exclusive agreement with Transense plc to manufacture surface acoustic wave (SAW) sensors for automotive tire pressure and torque applications utilizing patented technology from Transense. Under the terms of the agreement, MSI has the right to mass-produce the SAW sensors for sale to other Transense licensees.
Jim Perry, Chief Executive of Transense, said last night, “We have identified Sawtek, through MSI, as the most suitable partner to mass manufacture the SAW device, which is the core element of our sensor technology. Sawtek was chosen because of its outstanding growth record over the past five years and its on-going strategy to seek out other large potential markets which can offer dynamic growth similar to that seen in mobile phones.”
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Bill Drafts, Vice President and General Manager of MSI, stated, “A strategic focus for MSI is to leverage acoustic wave technology into high volume markets not presently served by our parent company, Sawtek. We feel that the automotive market meets our requirements and we are very excited to be selected as the exclusive manufacturer of surface acoustic wave (SAW) tire pressure and torque sensors utilizing Transense’s patented technology.”
About Microsensor Systems, Inc.:
Microsensor Systems, Inc. (MSI), a Sawtek Inc. company, is the world leader in SAW-based chemical sensing and utilizes SAW and other sensing technologies to solve our customers’ application needs. We also leverage the unique properties of SAW technology to produce sensors that measure physical parameters such as particulate contamination, tire pressure, torque and dew point.
About Sawtek:
Sawtek designs, develops, manufacturers and markets a broad range of electronic signal processing components based on SAW technology primarily for use in the wireless communications industry. Our primary products are custom-designed, high performance bandpass filters, resonators, delay lines, oscillators and SAW-based subsystems. These products are used in a variety of microwave and RF systems, such as CDMA and GSM digital wireless communications systems, digital microwave radios, wireless local area networks, cable television equipment, Internet infrastructure, various defense and satellite systems, and chemical sensors.
