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RFMD - Press Release 4-17-2008
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RFMD® Receives Production Orders for POLARIS®
3 Silver
Strong Growth Forecasted for POLARIS 3 RF Solutions
GREENSBORO, N.C., April 17 /PRNewswire-FirstCall/
-- RF Micro Devices, Inc. (Nasdaq: RFMD), a global leader in the design
and manufacture of high-performance radio systems and solutions, today
announced it has received production orders for its POLARIS(R) 3 Silver
RF solution -- the recently introduced addition to the POLARIS family
of GSM/GPRS/EDGE RF solutions. RFMD(R) anticipates production volumes
of POLARIS 3 RF solutions to increase sequentially throughout calendar
year 2008.
POLARIS 3 Silver leverages the performance advantages
of POLARIS 3 and features RFMD's patent pending MicroShield(TM) integrated
RF shielding. The Company's highly integrated, ultra-compact POLARIS
3 integrates all the necessary functions of the RF section of quad-band
EDGE cellular handsets, including the power amplifier, switch, SAW filters,
crystal oscillator and transceiver. With the addition of RFMD's MicroShield
integrated RF shielding, POLARIS 3 Silver delivers POLARIS 3 performance
without sensitivity to board placement and at a significant reduction
in both product volume and profile. This unparalleled ease-of-use allows
manufacturers to release mobile devices to market faster and with less
RF design effort.
"We are very pleased to receive our first
production orders for POLARIS 3 Silver from this valued tier-one handset
OEM," said Eric Creviston, president of RFMD's Cellular Handset Product
Group (CPG). "POLARIS 3 Silver extends the value proposition for our
POLARIS RF solutions by adding the benefits of MicroShield integrated
RF shielding to the proven performance of POLARIS 3. Handset manufacturers
using MicroShield technology will enjoy the benefits of improved RF
performance, lower total cost, reduced board space requirements and
overall ease of RF implementation. Based on current customer forecasts
for our POLARIS 3 RF solutions, we expect POLARIS production volumes
to extend multiple years and support meaningful profitability for RFMD."
Assembly of POLARIS 3 Silver, including tape and reel, production
test and application of RFMD's MicroShield integrated RF shielding,
is performed at RFMD's recently expanded, primary assembly facility
in Beijing, China. The internal assembly, test and shielding of POLARIS
3 Silver represents a cost advantage over POLARIS 2 and POLARIS 3, for
which these functions are currently outsourced.
About RFMD:
RF Micro Devices (Nasdaq: RFMD) is a global leader in the design and
manufacture of high-performance radio frequency systems and solutions.
RFMD's cellular front ends, cellular transceivers, RF components and
system-on-chip (SoC) solutions enable worldwide mobility, provide enhanced
connectivity and support advanced functionality in the cellular handset,
cellular base station, wireless local area network (WLAN), CATV networking,
aerospace, defense, and global positioning systems (GPS) markets. Recognized
for its diverse portfolio of state-of-the-art semiconductor technologies
and vast RF systems expertise, RFMD is a preferred supplier to the world's
leading mobile device and RF equipment manufacturers.
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 website 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 quarterly operating results, the rate of growth
and development of wireless markets, risks associated with the operation
of our wafer fabrication facilities, molecular beam epitaxy facility,
assembly facility 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, our ability to reduce
costs and improve gross margins by implementing innovative technologies,
our ability to bring new products to market, our ability to adjust production
capacity in a timely fashion in response to changes in demand for our
products, dependence on a limited number of customers, and dependence
on third parties. 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 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(R), RFMD(R), POLARIS(R) TOTAL RADIO(TM),
and patent pending MicroShield(TM) are trademarks of RFMD, LLC. All
other trade names, trademarks and registered trademarks are the property
of their respective owners.
SOURCE RF Micro Devices, Inc.
CONTACT: Doug DeLieto, VP, Investor Relations, +1-336-678-7968,
or Jerry Neal, Executive Vice President, +1-336-678-7001, for RF Micro
Devices, Inc.
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