Under the cooperative agreement, Apogee, Sensor CAT and the Strategic Partnership for Industrial Resurgence (SPIR) will contribute resources to develop technology that is intended to increase the performance and reduce the cost of micro-sized sensors used in mechanical and environmental monitoring. Apogee will have the exclusive option to license and commercialize the technology developed under the agreement.

Glenn Fricano, Apogee's Director of the MEMS Division, said, "This agreement supports our initiative to develop sensors based upon our investment in MEMS intellectual property, manufacturing process and product designs. We are currently commercializing MEMS pressure sensors for automotive applications using our existing technology base. With this agreement we expect to leverage government investments and academic research to develop new manufacturing technology that will enable us to produce advanced sensors for a wide range of applications. We are very pleased to be working with such prestigious organizations."

Dr. Peter Shkolnikov, Deputy Director of Sensor CAT, said, "We are very pleased to work with Apogee to develop and commercialize this advanced technology and to help create and retain sensor-related jobs and business in New York State."

About Apogee Technology, Inc.

Apogee Technology, Inc. is a fabless semiconductor company that designs, develops and markets silicon based products that incorporate proprietary technologies. The Company's patented all-digital, high efficiency Direct Digital Amplification (DDX(R)) ICs have been used by over 20 major consumer electronic brands in a wide range of audio products. The company is developing new System-on-Chip (SOC) products using its analog and digital circuit designs and Micro-Electromechanical Systems (MEMS) technology for the consumer, automotive, communications and medical markets. The Company operates a worldwide marketing and sales organization and has offices in the US, Hong Kong and Japan. For more information please visit our web site at: http://www.apogeeddx.com.

About The Research Foundation of State University of New York

The Research Foundation is a private, nonprofit educational corporation that administers externally funded contracts and grants for and on behalf of the State University of New York. Since its establishment in 1951, the Research Foundation has facilitated research, education, and public service at 30 state-operated SUNY locations. The Research Foundation provides services to SUNY campuses, campus-based foundations, affiliated corporations, and other research foundations. These organizations are provided with high quality, cost effective services, including: administration of sponsored programs, human resources and purchasing/payable administration, investment services, philanthropy and alumni support services, planned giving services, technology transfer support services, advocacy support services and information technology.

About The Center for Advanced Sensor Technology (Sensor CAT)

The Center for Advanced Sensor Technology (Sensor CAT) at Stony Brook is designated and supported by New York State Office of Science, Technology, and Academic Research. It provides an organizational framework and intellectual and material resources for the development of sensor-related technologies and businesses in New York State, by facilitating partnership between industry and university research.

DDX(R) is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. Certain statements made herein that use the words "estimate", "project", "intend", "plan", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied. Please refer to the company's risk factors as set forth in the company's filings with the Securities and Exchange Commission, including its reports on Form 10-KSB and 10-QSB.

Contacts


Apogee Technology
Kristi Canavan, 781-551-9450
kcanavan@apogeeddx.com