SkyWater Establishes Presence in Indiana’s [email protected] Technologies Park, Adjacent to NSWC Crane

BLOOMINGTON, Minn.–(Organization WIRE)–SkyWater Technologies (NASDAQ: SKYT), the reliable technological know-how realization associate, these days announced it has signed a lease with Purdue Analysis Foundation (PRF) to accommodate an preliminary SkyWater team in the [email protected] Technological innovation Park in Odon, Indiana, adjacent to the Naval Area Warfare Center, Crane Division (NSWC Crane). PRF is a earth course resource for technologies innovation and protected internet protocol (IP), supporting business people and startups. Quite a few experts, elected officials, business leaders and civic figures have advocated to establish an ecosystem of innovators at [email protected] Know-how Park. SkyWater joins WestGate’s growing cadre of partners in the protection, radiation hardened (rad-tricky) and innovative packaging space with the aim of improved collaboration and synergy.

[email protected] Engineering Park partners with a selection of companies and enterprises, which includes neighborhood and state economic enhancement businesses, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Office of Defense Advancement, among others. WestGate was made about NSWC Crane, a premier Navy lab providing analysis, progress, examination, analysis and logistics assist to the Section of Defense (DOD). Many of NSWC Crane’s endeavours focus on advancing DOD-one of a kind capabilities in rad-really hard electronics, radio-frequency (RF) know-how, optoelectronics, sophisticated packaging and trusted and confident microelectronics.

SkyWater’s spot in the technology park supports WestGate’s vision to turn out to be a heart of excellence in DOD microelectronics and demonstrates the company’s potent determination to the U.S. government’s requirements for rad-difficult answers and highly developed packaging. In addition, presented Indiana’s dynamic economy, SkyWater anticipates its existence at WestGate will open up entry to other options these kinds of as Indiana’s READI system. Kevin Jackson, just lately appointed as SkyWater’s senior vice president of company improvement, will lead the company’s initiatives at Westgate. He will leverage his extensive practical experience in the aerospace and defense microelectronics ecosystem to deal with rad-really hard and other custom made answers shipping and delivery.

In July, Thomas Sonderman, SkyWater president and CEO, satisfied with Indiana Governor Eric Holcomb to focus on SkyWater’s ongoing collaboration with the U.S. govt and options in Indiana to aid improved domestic semiconductor producing.

“We are thrilled to welcome SkyWater into Indiana’s vibrant technologies and innovation ecosystem as the condition leverages its very long-standing highly developed production abilities and workforce to reshore and reinvent the upcoming of microelectronics,” claimed Indiana Secretary of Commerce Brad Chambers. “SkyWater’s dedication to Indiana, along with its pure-engage in foundry design, reinforces our state’s research momentum and support of innovators like SkyWater.”

Sonderman included, “As a DOD-Dependable provider, SkyWater is nicely-suited to fulfill the crucial desires of the U.S. federal government as effectively as industrial shoppers requiring U.S.-based mostly manufacturing functions. In addition, we are enthusiastic to have interaction with top rated universities located in Indiana and access their pipeline of substantial good quality talent to build new and disruptive systems.”

About SkyWater Engineering

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor company and a DOD-accredited Reliable provider. SkyWater’s Technology as a Service℠ model streamlines the route to production for customers with progress solutions, volume manufacturing and advanced packaging alternatives in its environment-class U.S. services. This pioneering design allows innovators to co-develop the next wave of engineering with various groups such as combined-signal CMOS, browse-out ICs, rad-challenging, ability discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves expanding markets together with aerospace & defense, automotive, biomedical, cloud & computing, customer, industrial and IoT. For much more facts, visit: www.skywatertechnology.com.

SkyWater Know-how Ahead-Wanting Statements

This press release has “forward-looking” statements in the indicating of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s present expectations or forecasts of long run functions, rather than earlier functions and outcomes, and this kind of statements are not guarantees of foreseeable future general performance. Ahead-seeking statements are issue to threats, uncertainties and assumptions, which could bring about the Company’s genuine final results, effectiveness or achievements to be materially unique from individuals expressed or implied by these kinds of forward-looking statements. Vital variables that could bring about the Company’s precise success to be various than envisioned or predicted include things like, but are not constrained to aspects mentioned in the “Risk Factors” area of the prospectus the Business filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter finished Oct 3, 2021 and in other files that the Corporation documents with the SEC, which are obtainable at http://www.sec.gov. The Firm assumes no obligation to update any ahead-looking statements, which converse only as of the day of this press release.

SKYT-CORP

Candice Cearley

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