Vectron International & Knowles Electronics Partners with SiTime Corporation

Vectron International and Knowles Electronics today issues a joint announcement that they have entered into a strategic partnership with SiTime Corporation. The partnership, which includes a cash investment by Vectron and Knowles, brings together three world class companies with the goal of driving unprecedented growth in MEMS Timing into the $4B Frequency Control Products (FCP) market.

Speaking from Knowles's headquarters in Itasca IL, Knowles CEO Jeff Niew said: "I am delighted to announce this strategic partnership. Knowles Electronics has long been known as an innovator and a leader in MEMS microphones and we look forward to bring the same level of success to the SiTime family of MEMS timing products."

Rick Hajec, President of Vectron International, added: "Vectron has been committed to bringing innovative timing devices to the Communications, Industrial and Military/Space markets for over 50 years. We have closely followed advancements in MEMS Timing technology over the last decade and believe that SiTime's product performance is poised to disrupt the timing industry and enable new market growth. We are excited by the prospect of bringing this compelling technology to all of our customers around the world."

In response to the announcement, Rajesh Vashist, CEO of SiTime, said: "SiTime is revolutionizing the timing market with our innovative silicon MEMS and analog technology. Our leadership products have been adopted by major OEMs and ODMs worldwide, resulting in shipments of 120 Million units. Today, SiTime's products are used in a broad range of applications that span cameras to wireless base stations. We are extremely excited about this partnership as it enables Knowles' and Vectron's customers to use SiTime's Silicon MEMS timing products. Along with SiTime, Knowles–Vectron's leadership position in consumer and precision timing markets is a potent combination that will accelerate the transformation of the timing industry."

As part of the agreement, both Vectron International and Knowles Electronics will sell MEMS timing products through their own direct sales channels, as well as support SiTime with future product developments. Other terms of the agreement were not disclosed.

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