07/02/2008 [Kovio, Inc.] Kovio Moves Headquarters to Launch Manufacturing Capabilities in Silicon Valley - Portfolio

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[07/02/2008]

Kovio Moves Headquarters
to Launch Manufacturing Capabilities in Silicon Valley

New Facility Supports Volume Production of Printed Silicon Electronics

MILPITAS, Calif., June 2 /PRNewswire/—Kovio, Inc., a privately held Silicon Valley company, today announced that it has completed the strategic move of its headquarters to a 95,000-square-foot facility in Milpitas, five times the size of its former location. The move enables Kovio to bring its printed product family to market this year.

“This move signifies Kovio's expanding focus from research and development to manufacturing,” said Ajit Nazre, partner, Kleiner Perkins Caufield & Byers. “Kovio's print technology is paving the way for a greener and more efficient electronics industry.”

By combining the enabling performance of silicon with the cost structure of printing, Kovio achieves a level of production that significantly lowers the cost of item-level tagging required for meaningful adoption. Printed silicon electronics enables significantly lower capital expenditures and faster cycle times over conventional silicon technologies, facilitating sustainable local semiconductor device manufacturing.

“At a time when other companies are moving their facilities overseas, Kovio is creating new manufacturing jobs in California,” said Amir Mashkoori, CEO, Kovio, Inc. “We're bringing silicon manufacturing back to Silicon Valley.”

Kovio's approach is also attractive from an environmental standpoint. Its green process utilizes a fraction of the chemicals and energy required for traditional silicon device manufacturing.

“As one of the first companies to develop a non-traditional green approach to electronics manufacturing, Kovio is bringing forth a new philosophy in Silicon Valley,” said Jose Esteves, mayor, Milpitas. “We look forward to hearing big things from our new resident.”

Kovio formally launched last November when it introduced the world's first all-printed high-performance silicon thin-film transistor, the key building block that will enable the integration of intelligence into everyday items. At that time, the company also announced two separate joint development and supply agreements with customers Toppan Forms and Cubic Transportation Systems.

Kovio's new address is 233 South Hillview Drive, Milpitas, CA, 95035. The company's new phone number is (408) 942-4900.

About Kovio, Inc.

Kovio, Inc., a privately held Silicon Valley company, is developing a new category of semiconductor products using printed silicon electronics and thin-film technology. Kovio's approach delivers a unique and compelling value proposition in multiple industries, including retail, healthcare, consumer electronics, transportation, manufacturing and energy. For more information on Kovio, please visit http://www.kovio.com.