InvenSense™ Announces Shipment of Over 400 Million 6-Axis MEMS Devices to Meet the Growing Consumer Market Demands
September 30 2014 - 8:30AM
Business Wire
InvenSense, Inc. (NYSE:INVN), the leading provider of
intelligent sensor solutions, announced that its recently launched,
third-generation 6-axis motion sensing solution is shipping into
flagship customer platforms worldwide, and that its 6-axis product
line, first in the industry and shipping since 2010, has now
surpassed the milestone of having shipped over four hundred million
units into smartphones, tablets, gaming consoles and controllers,
smartTVs, and a myriad of wearables and health and fitness
devices.
“We are very pleased to announce this milestone, as it speaks to
broad acceptance of our highly-integrated products in a competitive
industry. It also validates the broad demand we addressed with the
industry’s first products that go beyond the discrete 3-axis
accelerometer and 3-axis gyroscope solutions available when
InvenSense first announced its integrated roadmap,” said Behrooz
Abdi, president and CEO. “Over the past year, we have made strong
share gains across our customer base, and accelerated our
investment in enabling applications that are tightly coupled to our
6-axis motion solutions, such as improved navigation, context
awareness, activity recognition, and many of the 'always on'
experiences that users demand. Our continued design win success is
the result of our proven performance, quality, reliability, and
innovative system-on-a-chip capabilities. We are excited by our
recent success with new and existing customers, providing continued
opportunities for growth. We continue to believe that our products
and unique platform capabilities, such as embedded application
processing, position us well to leverage rising global sensor
adoption rates and enables new applications for our products,
including wearables and other mass market consumer devices.
Broadening demand for proven applications, such as optical image
stabilization (OIS) where the InvenSense solution holds a
significant performance advantage over other offerings in the
marketplace, further validates our continuing investment in sensor
and application integration on our unique platform.”
InvenSense’s success also continues to validate the fabless
manufacturing model for MEMS, which has proven to be the model of
choice for almost every leading non-MEMS semiconductor manufacturer
in the world. Furthermore, InvenSense’s disruptive Fabrication
Platform, which allows the integration of multiple MEMS wafers with
standard CMOS wafers using a patented wafer-to-wafer bonding
process, has enabled many first-to-market multi-sensor MEMS
devices, such as the first 6-axis product, and, as announced
earlier this year, the first 7-axis, pressure sensor-integrated
multi-sensor MEMS devices.
For further information about InvenSense, please visit our
website at www.invensense.com or contact InvenSense Investor
Relations at ir@invensense.com.
About InvenSense
InvenSense Inc. (NYSE: INVN) is the world’s leading provider of
intelligent sensor solutions for consumer electronic devices. The
company’s patented InvenSense Fabrication Platform and
patent-pending MotionFusion™ technology address the emerging needs
of many mass-market consumer applications via improved performance,
accuracy, and intuitive motion-, gesture- and sound-based
interfaces. InvenSense technology can be found in consumer
electronic products including smartphones, tablets, wearables,
gaming devices, optical image stabilization, and remote controls
for Smart TVs. The company’s MotionTracking products are also being
integrated into a number of industrial applications. InvenSense is
headquartered in San Jose, California and has offices in China,
Taiwan, Korea, Japan, France, Slovakia, and Wilmington, MA. More
information can be found at www.invensense.com or follow us on
Twitter at @InvenSense.
Cautionary Note Concerning Forward-Looking Statements
Statements in the press release which are not historical facts,
are “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may be identified by terms such as outlook, believe,
expect, may, will, provide, could, and should, and the negative of
these terms or other similar expressions. These statements include
statements relating to: our business outlook, demand for and
acceptance of our products, anticipated growth. These statements
are based on current expectations and assumptions that are subject
to risks and uncertainties. Actual results could differ materially
from those anticipated as a result of various factors, including:
the Company’s ability to sustain profitable operations due to its
history of losses and accumulated deficit; dependence on a limited
number of customers for a substantial portion of revenue and lack
of long-term purchase commitments from our customers; product
defects; risk related to intellectual property matters, lengthy
sales cycle and competitive selection process; lengthy and
expensive qualification processes; ability to develop new or
enhanced products in a timely manner; development of the markets
that the Company targets; market demand for the Company’s products;
reliance on third parties to manufacture, assemble and test
products; ability to compete; and other risks inherent in fabless
MEMS businesses. For a discussion of these and other related risks,
please refer to InvenSense Inc.’s recent SEC filings, including its
Annual Report on Form 10-K for the year ended March 30, 2014, which
are available on the SEC’s website at www.sec.gov. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date thereof. InvenSense
undertakes no obligation to update forward-looking statements for
any reason, except as required by law, even as new information
becomes available or other events occur in the future.
2014 InvenSense, Inc. All rights reserved. InvenSense,
MotionTracking, MotionProcessing, MotionProcessor, MotionFusion,
MotionApps, DMP, AAR, and the InvenSense logo are trademarks of
InvenSense, Inc. Other company and product names may be trademarks
of the respective companies with which they are associated.
For Investor Inquiries, Contact:Green Communications
Consulting, LLCLeslie Green,
650-312-9060ir@invensense.comorFor Press Inquiries,
Contact:InvenSense, Inc.David Almoslino,
408-501-2278Senior DirectorMarketing and
Communicationspr@invensense.com
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