Microsemi Helps Sponsor Solar Vehicle Project at the University of Minnesota
IRVINE, Calif.--May 21, 2001---- | Fifth-generation solar-powered car faces global competition |
-- | Uses solar panel protection devices from Microsemi |
-- | Competition began May 9 in Topeka |
Microsemi Corp. is a corporate sponsor of the University of Minnesota's fifth-generation solar-powered car that will compete in this year's solar races against university, corporate and private teams from around the globe.
Named the "Borealis" the UMN entry includes Microsemi solar panel protection diodes similar to those the company manufactures for applications in space (including the international space station), as well as other Microsemi semiconductors that protect critical circuits ranging from implantable pacemakers to mobile phones on Earth.
The Borealis is the creation of 25 UMN undergraduate student volunteers who focused on its aerodynamic, electrical, solar array and mechanical designs under the watchful eye of project manager Lisa Mauer. Their resulting vehicle weighs only 550 pounds, uses high efficiency gallium arsenide solar cells, lithium polymer batteries and a digital bus electrical system.
At their first event, the Formula Sun Grand Prix in Topeka, Kan., the Borealis won two awards, one for the fastest quarter mile and one for its new mechanical and electrical systems designs. This race also qualified the UMN team for the American Solar Challenge, a 10-day cross-country road race from Chicago to Palm Springs, Calif. in July. At 2,300 miles, this is the world's longest solar car competition.
"With our University's long history of solar car competition behind us," Mauer said, "the 2000-2001 Solar Vehicle Project team is confident of having competitive success." In past competitions UMN has been a frequent top finisher.
James J. Peterson, Microsemi president and chief executive officer, said the company is excited to participate in this educational venture and to cheer on the students when they race Route 66 from Chicago. "We're planning to give them a warm California welcome when they arrive in Palm Springs this July," he said.
About Microsemi
Microsemi is a leading designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. The company's semiconductors manage and regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.
Microsemi products include individual components as well as complete circuit solutions that enhance customer designs by providing battery optimization, reducing size or protecting circuits. Markets the company serves include mobile connectivity, computer/peripherals, telecommunications, medical, industrial/commercial, space/satellite and military.
More information may be obtained by contacting the company directly or by visiting its Web site at http://www.microsemi.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in the news release that are not entirely historical and factual in nature are forward-looking statements. For instance, all statements of belief and expectations are forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Potential risks and uncertainties include, but are not limited to, such factors as the difficulties regarding the making of estimates and projections, hiring and retention of qualified technical personnel in a competitive labor market, rapidly changing technology and product obsolescence, the ability to realize cost savings or productivity gains, the ability to improve capacity utilization, potential cost increases, the strength and competitive pricing environment of the marketplace, demand for and acceptance of the company's products, the results of planned development, marketing and promotional campaigns, changes in demand for products, difficulties of foreseeing future demand, effects of limited visibility of future sales, potential non-realization of expected orders or non-realization of backlog, business and economic conditions or adverse changes in current industry conditions, customer order preferences, and fluctuations in market prices of the company's stock, difficulties in implementing company strategies, environmental matters, litigation, difficulties protecting proprietary rights, and inventory obsolescence. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties and risks identified in the company's most recent Form 10-K and the final prospectus on Form S-3 filed on June 1, 2000 by the company with the Securities and Exchange Commission. The company does not undertake to supplement or correct any information in this release that is or becomes incorrect.
Investor Inquiries: David R. Sonksen, Microsemi Corp., Irvine, Calif. 949/221-7100.