Kionix, Inc. Announces Completion of Spinout and Construction of New Facility

Apr 02, 2001, 01:00 ET from Kionix, Inc.

    ITHACA, N.Y., April 2 /PRNewswire/ -- Kionix, Inc. today announced that it
 has successfully completed the reorganization and recapitalization that it
 began last year.  Kionix, Inc. will continue its pursuit of MEMS-based
 opportunities in the inertial sensor, microfluidics, and data storage market
 sectors. The company also announced that they have broken ground on a new
 40,000 square foot facility in Ithaca, NY.
     Calient Networks of San Jose, CA acquired the original Kionix, founded in
 1993, late in 2000 to secure Calient's access to high-quality MEMS design and
 production and now operates the business unit as Calient Optical Components,
 Inc., a wholly owned subsidiary.  As part of the acquisition, a portion of
 Kionix was spun out to continue the development and production of non-optical
 MEMS products.  "Calient saw the potential of the revolutionary Kionix
 technology," said Lloyd A. Johnson, Chief Operating Officer of Kionix.  "The
 spinout allows the focus on certain non-optical MEMS opportunities to
 continue."
     Resurrecting the Kionix name, the spinout sees a bright future in its
 targeted industries.  "The same excitement that the optical networking
 industry saw in the Kionix MEMS technology exists in the other industries with
 which we're involved," says Bruce Finke, Vice President of Sales and
 Marketing. "Our next generation MEMS is a disruptive technology, and with its
 broad functionality the potential applications are clearly widespread."
     Scheduled for completion in July 2001, a state-of-the-art 40,000 square
 foot facility is currently under construction in Ithaca, NY.  "Kionix was
 founded on the principle of bringing MEMS into major-market applications,"
 says Greg Galvin, the founder of the original Kionix and President/CEO of
 Calient Optical Components.  "The new facility capitalizes on eight years of
 experience in producing MEMS, as well as fabrication technology focused on its
 new market direction, to create one of world's leading MEMS production
 facilities."
 
     About Kionix
     Kionix, Inc., located in Ithaca, NY, was originally founded in 1993 based
 on next-generation MEMS technology developed in the '80s at Cornell
 University.  Throughout the '90s, the company built a strong position in
 innovative MEMS product design, process engineering, and high-volume,
 high-quality manufacturing.  Through its leadership in the use of deep silicon
 reactive ion etching, Kionix has developed such products as inertial sensors,
 microswitches, microfluidic systems, micromirror arrays and mechanical data
 storage devices.  In late 2000, Kionix spun off a separate business entity
 just prior to the acquisition by Calient Networks, a developer of intelligent,
 all-photonic switching systems and software.  Under the terms of the
 acquisition, the spin-off retained rights to the Kionix name and trademarks.
 Kionix, Inc. continues to pursue non-optical MEMS businesses in industry
 sectors as diverse as automotive, consumer products, data storage, and
 microfluidics.
 
 

SOURCE Kionix, Inc.
    ITHACA, N.Y., April 2 /PRNewswire/ -- Kionix, Inc. today announced that it
 has successfully completed the reorganization and recapitalization that it
 began last year.  Kionix, Inc. will continue its pursuit of MEMS-based
 opportunities in the inertial sensor, microfluidics, and data storage market
 sectors. The company also announced that they have broken ground on a new
 40,000 square foot facility in Ithaca, NY.
     Calient Networks of San Jose, CA acquired the original Kionix, founded in
 1993, late in 2000 to secure Calient's access to high-quality MEMS design and
 production and now operates the business unit as Calient Optical Components,
 Inc., a wholly owned subsidiary.  As part of the acquisition, a portion of
 Kionix was spun out to continue the development and production of non-optical
 MEMS products.  "Calient saw the potential of the revolutionary Kionix
 technology," said Lloyd A. Johnson, Chief Operating Officer of Kionix.  "The
 spinout allows the focus on certain non-optical MEMS opportunities to
 continue."
     Resurrecting the Kionix name, the spinout sees a bright future in its
 targeted industries.  "The same excitement that the optical networking
 industry saw in the Kionix MEMS technology exists in the other industries with
 which we're involved," says Bruce Finke, Vice President of Sales and
 Marketing. "Our next generation MEMS is a disruptive technology, and with its
 broad functionality the potential applications are clearly widespread."
     Scheduled for completion in July 2001, a state-of-the-art 40,000 square
 foot facility is currently under construction in Ithaca, NY.  "Kionix was
 founded on the principle of bringing MEMS into major-market applications,"
 says Greg Galvin, the founder of the original Kionix and President/CEO of
 Calient Optical Components.  "The new facility capitalizes on eight years of
 experience in producing MEMS, as well as fabrication technology focused on its
 new market direction, to create one of world's leading MEMS production
 facilities."
 
     About Kionix
     Kionix, Inc., located in Ithaca, NY, was originally founded in 1993 based
 on next-generation MEMS technology developed in the '80s at Cornell
 University.  Throughout the '90s, the company built a strong position in
 innovative MEMS product design, process engineering, and high-volume,
 high-quality manufacturing.  Through its leadership in the use of deep silicon
 reactive ion etching, Kionix has developed such products as inertial sensors,
 microswitches, microfluidic systems, micromirror arrays and mechanical data
 storage devices.  In late 2000, Kionix spun off a separate business entity
 just prior to the acquisition by Calient Networks, a developer of intelligent,
 all-photonic switching systems and software.  Under the terms of the
 acquisition, the spin-off retained rights to the Kionix name and trademarks.
 Kionix, Inc. continues to pursue non-optical MEMS businesses in industry
 sectors as diverse as automotive, consumer products, data storage, and
 microfluidics.
 
 SOURCE  Kionix, Inc.