ALISO VIEJO, Calif., Nov. 18, 2014 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today extends its congratulations to the European Space Agency (ESA), NASA and their partners for the success in the Rosetta Spacecraft reaching its mission objective to examine Comet 67P/Churyumov-Gerasimenko.
Over 15,000 of Microsemi's innovative and highly reliable space products such as FPGAs, diodes, transistors and integrated circuits (ICs) spanning multiple technologies are used in mission critical applications during the 10 year, four billion mile mission and continue to support the mission as it conducts a wide variety of research. The Microsemi products supporting the mission are included in several avionics and platform functions built by multiple ESA contractors.
"Microsemi has had the privilege of providing high-reliability semiconductor solutions for leading edge space programs more than 55 years," said James J. Peterson, chairman and CEO of Microsemi. "We are proud that our technology plays a role in this mission and salute the European Space Agency, NASA, its partners and all of the individuals who made the mission a success."
After serving the space industry for more than five decades, Microsemi continues to develop new innovative products and technology for future missions as part of its broad portfolio of radiation-hardened and radiation-tolerant space products including FPGAs, ASICs, RF components, diodes, transistors, MOSFETS, hybrids, power supplies, custom semiconductor packaging and integrated power distribution systems. These industry-leading solutions expand the company's ability to cater to the needs of a growing spacecraft market.
"We expect 1,200 new spacecraft of 50Kg mass or larger to be launched within the next 10 years," said Marco Caceres, senior analyst and director of space studies for the Virginia-based Teal Group consulting firm. "This represents 20 percent growth in the number of spacecraft in this mass category over the preceding 10 years."
Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance and radiation-hardened analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and synchronization devices and precise time solutions, setting the world's standard for time; voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,400 employees globally. Learn more at www.microsemi.com.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to its extended congratulations to the European Space Agency (ESA) and its partners for the success in the Rosetta Spacecraft reaching its mission objective to examine Comet 67P/Churyumov-Gerasimenko, and its potential effects on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. 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 or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
SOURCE Microsemi Corporation