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RF Micro Devices® Press Release - March 3, 2011
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RFMD Achieves Milestone in Commercialization of High-Performance Photovoltaic
Cells
GREENSBORO,
N.C., March 3, 2011 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc. (Nasdaq:RFMD),
a global leader in the design and manufacture of high-performance radio
frequency components and compound semiconductor technologies, today
announced it has successfully achieved another significant performance
milestone related to the commercialization of high-performance photovoltaic
(PV) cells.
Specifically, RFMD has fabricated dual-junction PV
cells that integrate gallium arsenide (GaAs) and indium gallium phosphide
(InGaP) PV junctions using the Company's standard six-inch semiconductor
equipment. The successful fabrication of the dual-junction PV cells
clears the way for RFMD to develop triple-junction structures, with
the ultimate goal of developing a commercially viable and high volume-capable
compound semiconductor-based process for high-performance PV cells.
Bob Bruggeworth, president and CEO of RFMD, said, "RFMD is very
pleased with the world-class performance of our dual-junction cells.
With this achievement, RFMD is demonstrating we possess the critical
technologies to produce a low-cost PV product with competitive solar
cell conversion efficiency, supported by the quality, reliability, and
volumes that characterize the cellular handset market."
In 2009,
RFMD announced it had entered into a cooperative agreement with the
U.S. Department of Energy's National Renewable Energy Laboratory (NREL)
for the purpose of developing a production capable process technology
for high-performance PV cells. NREL has decades of research experience
and expertise in PV cell technology, and RFMD is a pioneer and industry
leader in compound semiconductor manufacturing with a proven ability
to commercialize new technologies.
The dual-junction achievement
and associated performance characteristics are consistent with results
achieved by NREL in their development of Inverted Metamorphic Multi-Junction
(IMM) technology. NREL's technology has demonstrated one of the world's
highest reported solar cell conversion efficiencies, at 40.8 percent,
and continued substantial improvements in efficiency are anticipated.
RFMD's dual-junction achievement was realized using the Company's
existing manufacturing capabilities and robust supply chain, which are
optimized for high volume, low cost, reliability and performance. The
conversion efficiency achieved across RFMD's six-inch wafers was exceptionally
uniform, enabling high device yields and tight distributions in CPV
product performance.
RFMD's development efforts related to a
compound semiconductor-based process for PV cells are broadly applicable
across technologies, including IMM as well as conventional triple-junction
Germanium-based CPV devices. RFMD anticipates multiple opportunities
related to PV cells and is engaged with CPV system integrators and solar
cell module manufacturers.
About NREL
NREL
is the U.S. Department of Energy's primary national laboratory for renewable
energy and energy efficiency research and development. NREL is operated
for DOE by the Alliance for Sustainable Energy, LLC.
About RFMD
RF systems expertise and is a preferred
supplier to the world's leading mobile device, customer premises and
communications equipment providers.
Headquartered in Greensboro,
N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with
worldwide engineering, design, sales and service facilities. RFMD is
traded on the NASDAQ Global Select Market under the symbol RFMD. For
more information, please visit RFMD's web site at
www.rfmd.com.
This press release includes "forward-looking
statements" within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements include, but are not limited to, statements about our plans,
objectives, representations and contentions and are not historical facts
and typically are identified by use of terms such as "may," "will,"
"should," "could," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "continue" and similar words, although some
forward-looking statements are expressed differently. You should be
aware that the forward-looking statements included herein represent
management's current judgment and expectations, but our actual results,
events and performance could differ materially from those expressed
or implied by forward-looking statements. We do not intend to update
any of these forward-looking statements or publicly announce the results
of any revisions to these forward-looking statements, other than as
is required under the federal securities laws. RF Micro Devices' business
is subject to numerous risks and uncertainties, including variability
in operating results, risks associated with the impact of global macroeconomic
and credit conditions on our business and the business of our suppliers
and customers, our reliance on a few large customers for a substantial
portion of our revenue, the rate of growth and development of wireless
markets, our ability to bring new products to market, our reliance on
inclusion in third party reference designs for a portion of our revenue,
our ability to manage channel partner and customer relationships, risks
associated with the operation of our wafer fabrication, molecular beam
epitaxy, assembly and test and tape and reel facilities, our ability
to complete acquisitions and integrate acquired companies, including
the risk that we may not realize expected synergies from our business
combinations, our ability to attract and retain skilled personnel and
develop leaders, variability in production yields, raw material costs
and availability, our ability to reduce costs and improve margins in
response to declining average selling prices, our ability to adjust
production capacity in a timely fashion in response to changes in demand
for our products, dependence on gallium arsenide (GaAs) for the majority
of our products, dependence on third parties, and substantial reliance
on international sales and operations. These and other risks and uncertainties,
which are described in more detail in RF Micro Devices' most recent
Annual Report on Form 10-K and other reports and statements filed with
the Securities and Exchange Commission, could cause actual results and
developments to be materially different from those expressed or implied
by any of these forward-looking statements.
RF MICRO DEVICES®
and RFMD® are trademarks of RFMD, LLC. All other trade names, trademarks
and registered trademarks are the property of their respective owners.
CONTACT:
Douglas DeLieto
VP of Investor
Relations
RF Micro Devices
336-678-7088
Posted
3/32011
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