InvenSense Announces Shipment of Over 400 Million 6-Axis MEMS Devices to Meet the Growing Consumer Market Demands

SAN JOSE, California--()--InvenSense, Inc. (NYSE:INVN), the leading provider of intelligent sensor solutions, announced that its recently launched, third-generation 6-axis motion sensing solution is shipping into flagship customer platforms worldwide, and that its 6-axis product line, first in the industry and shipping since 2010, has now surpassed the milestone of having shipped over four hundred million units into smartphones, tablets, gaming consoles and controllers, smartTVs, and a myriad of wearables and health and fitness devices.

“We are very pleased to announce this milestone, as it speaks to broad acceptance of our highly-integrated products in a competitive industry. It also validates the broad demand we addressed with the industry’s first products that go beyond the discrete 3-axis accelerometer and 3-axis gyroscope solutions available when InvenSense first announced its integrated roadmap,” said Behrooz Abdi, president and CEO. “Over the past year, we have made strong share gains across our customer base, and accelerated our investment in enabling applications that are tightly coupled to our 6-axis motion solutions, such as improved navigation, context awareness, activity recognition, and many of the 'always on' experiences that users demand. Our continued design win success is the result of our proven performance, quality, reliability, and innovative system-on-a-chip capabilities. We are excited by our recent success with new and existing customers, providing continued opportunities for growth. We continue to believe that our products and unique platform capabilities, such as embedded application processing, position us well to leverage rising global sensor adoption rates and enables new applications for our products, including wearables and other mass market consumer devices. Broadening demand for proven applications, such as optical image stabilization (OIS) where the InvenSense solution holds a significant performance advantage over other offerings in the marketplace, further validates our continuing investment in sensor and application integration on our unique platform.”

InvenSense’s success also continues to validate the fabless manufacturing model for MEMS, which has proven to be the model of choice for almost every leading non-MEMS semiconductor manufacturer in the world. Furthermore, InvenSense’s disruptive Fabrication Platform, which allows the integration of multiple MEMS wafers with standard CMOS wafers using a patented wafer-to-wafer bonding process, has enabled many first-to-market multi-sensor MEMS devices, such as the first 6-axis product, and, as announced earlier this year, the first 7-axis, pressure sensor-integrated multi-sensor MEMS devices.

For further information about InvenSense, please visit our website at www.invensense.com or contact InvenSense Investor Relations at ir@invensense.com.

About InvenSense

InvenSense Inc. (NYSE: INVN) is the world’s leading provider of intelligent sensor solutions for consumer electronic devices. The company’s patented InvenSense Fabrication Platform and patent-pending MotionFusion technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion-, gesture- and sound-based interfaces. InvenSense technology can be found in consumer electronic products including smartphones, tablets, wearables, gaming devices, optical image stabilization, and remote controls for Smart TVs. The company’s MotionTracking products are also being integrated into a number of industrial applications. InvenSense is headquartered in San Jose, California and has offices in China, Taiwan, Korea, Japan, France, Slovakia, and Wilmington, MA. More information can be found at www.invensense.com or follow us on Twitter at @InvenSense.

Cautionary Note Concerning Forward-Looking Statements

Statements in the press release which are not historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as outlook, believe, expect, may, will, provide, could, and should, and the negative of these terms or other similar expressions. These statements include statements relating to: our business outlook, demand for and acceptance of our products, anticipated growth. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including: the Company’s ability to sustain profitable operations due to its history of losses and accumulated deficit; dependence on a limited number of customers for a substantial portion of revenue and lack of long-term purchase commitments from our customers; product defects; risk related to intellectual property matters, lengthy sales cycle and competitive selection process; lengthy and expensive qualification processes; ability to develop new or enhanced products in a timely manner; development of the markets that the Company targets; market demand for the Company’s products; reliance on third parties to manufacture, assemble and test products; ability to compete; and other risks inherent in fabless MEMS businesses. For a discussion of these and other related risks, please refer to InvenSense Inc.’s recent SEC filings, including its Annual Report on Form 10-K for the year ended March 30, 2014, which are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. InvenSense undertakes no obligation to update forward-looking statements for any reason, except as required by law, even as new information becomes available or other events occur in the future.

2014 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, AAR, and the InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.

Contacts

For Investor Inquiries, Contact:
Green Communications Consulting, LLC
Leslie Green, 650-312-9060
ir@invensense.com
or
For Press Inquiries, Contact:
InvenSense, Inc.
David Almoslino, 408-501-2278
Senior Director
Marketing and Communications
pr@invensense.com

Release Summary

InvenSense announces 3rd-generation 6-axis motion sensing solution is shipping into flagship customer platforms worldwide, and that its 6-axis product line has shipped over four hundred million units

Contacts

For Investor Inquiries, Contact:
Green Communications Consulting, LLC
Leslie Green, 650-312-9060
ir@invensense.com
or
For Press Inquiries, Contact:
InvenSense, Inc.
David Almoslino, 408-501-2278
Senior Director
Marketing and Communications
pr@invensense.com