MEMSIC (MEMS) shares 2012 goals

March 1, 2012 – BUSINESS WIRE — After reporting Q4 2011 results, micro electro mechanical system (MEMS) supplier MEMSIC Inc. (NasdaqGM: MEMS) discussed its 2 main goals for 2012.

MEMSIC is pursuing more design wins with global customers in the growing mobile phone and consumer market, said chairman, president, and CEO Dr. Yang Zhao.

Secondly, the company is looking to leverage its MEMS sensor and sensor system integration technology to create more value-added products for consumer, industrial and automotive applications, Zhao said, noting MEMSIC’s ability to integrate MCU and software to create smart-sensing systems beyond sensor fusion.

In November 2011, a MEMSIC subsidiary formed a joint venture with Wuxi New District Science and Technology Financial Investment Group Co. Ltd., a state-owned Chinese venture capital fund, to bring MEMSIC’s mesh wireless sensor network technology to the sensor and sensing network solution market.

MEMSIC Inc. provides advanced semiconductor sensors and multi-sensor systems based on MEMS technology IC- and module-level integration technologies. The company’s shares are listed on the NASDAQ Stock Exchange (NASDAQ GM: MEMS). Learn more at www.memsic.com.

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