LEUVEN, Belgium and NORWOOD, MA — October 12, 2017 —  Imec, the world-leading research and innovation hub in nanoelectronics and digital technologies and  Analog Devices, Inc. (ADI), the leading global high-performance analog technology company, today announced they have entered into a strategic research partnership to develop the next generation of Internet of Things (IoT) devices. With two initiatives already underway, imec and ADI aim to innovate devices that are not only low-power but that also come with largely improved—or completely new—sensing capabilities. This new collaboration is the latest example of imec and ADI’s long history of jointly developing high-performance low-power, cost effective circuits and systems.

The IoT continues to grow and mature, and by 2020, it is expected to consist of billions of connected, “smart” objects that rely on unobtrusive sensors to constantly monitor the environment, provide status reports and receive instructions. By intelligently processing the data gathered, these devices then drive some type of short-term or long-term action. Today, however, the underlying sensors, and the chips upon which they are built, are often too big, too expensive and not accurate enough to be practical.

One joint research initiative that has already been started in the framework of the strategic collaboration focuses on localization technology.

“Building on imec’s world-leading position in innovative ultra-low power implementations, ADI and imec will pursue the development of a low-power sensor for highly accurate indoor localization in the context of smart building or smart industry solutions,” stated Kathleen Philips, imec program director. “Concretely, we want this sensor to localize objects with a superior accuracy in a robust manner and achieve up to five times better accuracy than today’s best-performing solutions.”

A second initiative includes the creation, and ultimately the commercialization, of a highly-integrated liquid sensor that can be used in a variety of application domains, such as the analysis of water, blood or urine.

Kathleen Philips added: “Our single-chip sensor comprises multiple electrodes and excels in terms of cost and size, while demonstrating industry leading sensitivity and accuracy.”

“Imec is widely recognized for its long-standing and global leadership when it comes to the development of ultra-low power circuits and devices, as well as innovative and smart algorithms,” noted Peter Real, Senior VP and CTO, ADI. “We have chosen to take our collaboration with imec to the next level because its expertise in each of those domains—and its position at the crossroads of both the scientific and industrial communities—is fundamental to helping us successfully develop the next generation of IoT sensors.”

“In ADI we have found a partner that brings to market professional-grade, high-value-add sensor systems. Thanks to ADI’s commercial insights, in combination with its innovative mindset, we can build differentiating technology that meets IoT market requirements today and tomorrow,” added Rudi Cartuyvels, Executive Vice President at imec.

About Analog Devices

Analog Devices (NASDAQ: ADI) is the leading global high-performance analog technology company dedicated to solving the toughest engineering challenges. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure, power, connect and interpret. Visit  http://www.analog.com.

About imec

Imec is the world-leading research and innovation hub in nanoelectronics and digital technologies. The combination of our widely acclaimed leadership in microchip technology and profound software and ICT expertise is what makes us unique. By leveraging our world-class infrastructure and local and global ecosystem of partners across a multitude of industries, we create groundbreaking innovation in application domains such as healthcare, smart cities and mobility, logistics and manufacturing, energy and education.

As a trusted partner for companies, start-ups and universities we bring together close to 3,500 brilliant minds from over 70 nationalities. Imec is headquartered in Leuven, Belgium and has distributed R&D groups at a number of Flemish universities, in the Netherlands, Taiwan, USA, China, and offices in India and Japan. In 2016, imec's revenue (P&L) totaled 496 million euro. Further information on imec can be found at  www.imec-int.com.

Imec is a registered trademark for the activities of IMEC International (a legal entity set up under Belgian law as a "stichting van openbaar nut”), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland, part of Holst Centre which is supported by the Dutch Government), imec Taiwan (IMEC Taiwan Co.) and imec China (IMEC Microelectronics (Shanghai) Co. Ltd.) and imec India (Imec India Private Limited), imec Florida (IMEC USA nanoelectronics design center).

Analog Devices Forward-Looking Statement Disclaimer

This release may be deemed to contain forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, our statements regarding expected benefits of the strategic research partnership between imec and Analog Devices, expected advances in technology, product development efforts and solutions, including those in the IoT space, that are based on our current expectations, beliefs, assumptions, estimates, forecasts, and projections about the industry and markets in which Analog Devices operate. The statements contained in this release are not guarantees of future performance, are inherently uncertain, involve certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements, and such statements should not be relied upon as representing Analog Devices’ expectations or beliefs as of any date subsequent to the date of this press release. Important factors that could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements include: higher than expected or unexpected costs associated with or relating to the product developments; difficulty or delay in the design, development, production and marketing of the products, technology and solutions; and other risk factors described in Analog Devices’ most recent filings with the Securities and Exchange Commission. We do not undertake any obligation to update forward-looking statements made by us.



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