AgigA Tech Wins CONNECT Most Innovative Product Award

AgigA Tech Inc., a subsidiary of Cypress Semiconductor Corp. (NASDAQ:CY), today announced that its AGIGARAM™ Non-Volatile System (NVS) has been named the Most Innovative New Product of 2010 in the Hardware and General Technology category at the 23rd CONNECT Awards. CONNECT is a San Diego-based nonprofit dedicated to creating and sustaining innovative technology. The Most Innovative Product Award winners were selected from more than 100 entries within eight categories, a record number.

The AGIGARAM product family merges NAND flash, DRAM and a battery-free ultracapacitor power source into a highly reliable non-volatile memory system. When used as a write cache in enterprise-class applications, AGIGARAM provides a performance-boosting building block while guarding against power failures and data loss. The entire AGIGARAM NVS implements the AGIGASAFE™ control protocol, a simple-to-use host-controlled I2C programming interface that ensures safe, reliable, secure operation at the system level. This protocol allows fine control over internal functions such as managing the NAND flash while precisely monitoring and tracking the health of the system.

For more than 20 years, CONNECT’s MIP Awards have served as a benchmark for predicting the most successful new products of San Diego companies. More than 800 of the city’s top executives, entrepreneurs and academics attended the ceremony last week at the Hilton La Jolla Torrey Pines Hotel.

“We’re proud to receive this award,” said Ron Sartore, CEO of AgigA Tech. “We expect to enable a number of new systems to safeguard critical data with the high performance, environmentally-friendly AGIGARAM product.”

About CONNECT

CONNECT is a nonprofit organization dedicated to creating and sustaining the growth of innovative technology and life science businesses in San Diego. Since 1985, CONNECT has assisted in the formation and development of over 2,000 companies and is widely regarded as the world's most successful regional program linking inventors and entrepreneurs with the resources they need for success. CONNECT focuses on research institution support, business creation and development, entrepreneurial learning, access to capital, public policy advocacy, awards, recognition and networking. There are more than 40 organizations in 18 countries that have adopted the CONNECT model, including New York City, the UK, Sweden, Norway, Denmark, Australia and India.

About AgigA Tech, Inc.

AgigA Tech is an industry pioneer in high-speed, high-density, battery-free non-volatile RAM. The AGIGARAM™ product family merges NAND Flash, DRAM and an ultracapacitor power source into a highly reliable non-volatile memory system. The systems target enterprise-class and embedded system equipment to guard against power failure and loss of critical data. Headquartered in Poway, California with a product development and test center in Chengdu, China, AgigA Tech began its R&D operations in early 2007 under Simtek (Nasdaq: SMTK) and was formally established as an independent subsidiary in February 2008. It became a subsidiary of Cypress Semiconductor (Nasdaq: CY), with the Cypress acquisition of Simtek in September 2008. The company’s products are available worldwide through the Cypress sales force and its distributor partners. More information on the company is available at www.agigatech.com.

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives such as PowerPSoC® solutions for high-voltage and LED lighting applications, CapSense® touch sensing and TrueTouch™ solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets. Cypress is also a leader in high-performance memories and programmable timing devices. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the Nasdaq Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

AGIGARAM and PowerGEM are trademarks and AGIGA is a registered trademark of AGIGA Tech, Inc. Cypress, the Cypress logo, PSoC, CapSense, PowerPSoC, and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

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