Innovasic Semiconductor and Cummins Sign Long Term Strategic Supply Agreement

“Innovasic is very pleased to have been selected by Cummins as a partner for development of this new ASIC,” said Keith Prettyjohns, Innovasic CEO. “We are a well known developer and supplier of replacement integrated circuits that help customers manage obsolescence issues on existing products. This new agreement is our third chip development contract with Cummins and expands our relationship, enabling us to supply Cummins with a critical application-specific semiconductor for their new engine control modules,” he concluded.

“Engine control modules are an extremely critical component in our diesel engines and we are very careful in selecting vendors,” said Scot Harker, Cummins Assistant Chief Engineer, Fuel Systems. “Innovasic was selected as a strategic supplier by Cummins because they have a proven track record for both developing and supplying reliable integrated circuits to support critical automotive requirements. The level of expertise in their organization, and their policy of providing long term supply for their products, provides advantages from which we expect to benefit,” he concluded.

About Innovasic Semiconductor

Innovasic Semiconductor provides extended life semiconductor solutions for customers who have products with long life-cycles. The company’s processors, communication controllers and mixed signal devices are key components in industrial automation equipment, transportation systems, instrumentation, and medical devices. Innovasic’s newest System on a Chip (SoC) solutions enable customers to quickly integrate real-time Industrial Ethernet into their product lines at the lowest cost and with obsolescence protection. Extending the life of its customers’ products has established Innovasic as a trusted partner and an approved supplier to leading electronic system manufacturers worldwide. For more information on Innovasic Semiconductor, please visit http://www.innovasic.com.

About Cummins

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins serves customers in approximately 190 countries and territories through a network of more than 500 Company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $755 million on sales of $14.34 billion in 2008. For more information on Cummins, please visit http://www.cummins.com.

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Innovasic Semiconductor
Beverly Wade, 505-883-5263 x182
bwade@innovasic.com