PRINCETON, New Jersey and NORWOOD, Massachusetts, March 18, 2019 /PRNewswire/ -- UnitedSiC, a
manufacturer of silicon carbide (SiC) power semiconductors, today
announced a strategic investment and long-term supply agreement
from Analog Devices, Inc. (ADI). Terms of the investment and
supply agreement were not announced.
"From our first meeting with the ADI Power team, they instantly
understood the value of our SiC technology and the ease with which
the devices could be scaled and utilized in their power
platforms. This is a terrific time to bring such a high
caliber leader like ADI on as a shareholder," said Chris Dries, President and CEO at UnitedSiC.
UnitedSiC and ADI have been collaborating on SiC-based products
and devices for more than two years. As wide bandgap power
devices, and SiC in particular, become more mainstream and cost
effective, the inclusion of these devices should further strengthen
ADI's analog power portfolio.
Steve Pietkiewicz, Senior VP of
Power Products at ADI said, "For the last few years, we have been
actively following the development and progress of silicon carbide
technology and devices. We found UnitedSiC's FET technology to be
ideally suited for ADI's high performance power platforms and our
pursuit of additional high voltage applications."
For more information please go to https://unitedsic.com, or
visit UnitedSiC at Booth 332 at APEC from March 18 – 20, 2019.
About UnitedSiC
UnitedSiC, a fabless company based in
Princeton, NJ, develops innovative
silicon carbide FET and diode power semiconductors that deliver the
industry's best SiC efficiency and performance for electric vehicle
(EV) chargers, DC-DC converters and traction drives, as well as
telecom/server power supplies variable speed motor drives and solar
PV inverters. Visit http://www.unitedsic.com.
About Analog Devices
Analog Devices (Nasdaq: ADI) is
a leading global high-performance analog technology company
dedicated to solving the toughest engineering challenges. We enable
our customers to interpret the world around us by intelligently
bridging the physical and digital domains with unmatched
technologies that sense, measure, power, connect, interpret, and
secure. Visit http://www.analog.com.
Forward-Looking Statements
This release may be deemed to contain forward-looking
statements intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements include, among other things,
the statements regarding the expected opportunities, benefits and
developments associated with the strategic investment and long-term
supply agreement between UnitedSiC and Analog Devices, including
the anticipated advancements in technologies, solutions and product
development efforts and offerings, that are based on our current
expectations, beliefs, assumptions, estimates, forecasts, and
projections about the industry and markets in which Analog Devices
operates. The statements contained in this press release are not
guarantees of future performance, are inherently uncertain, involve
certain risks, uncertainties, and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ
materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing Analog Devices' expectations or beliefs as of any date
subsequent to the date of this press release. Important factors
that could cause actual results to differ materially from the
results described, implied or projected in any forward-looking
statements include difficulty or delay in the design, development,
production and marketing of products, technologies and solutions,
including those associated with the strategic investment and
long-term supply agreement and other risk factors described in
Analog Devices' most recent filings with the Securities and
Exchange Commission. Analog Devices does not undertake any
obligation to update forward-looking statements made by it.
Media inquiries
Hajira Amla, Account Director,
Publitek Marketing Communications
Tel: +44-20-88699339
Email: hajira.amla@publitek.com
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SOURCE UnitedSiC