Colibrys Expands whereas MEMS Industry Contracts

Today Colibrys SA announced the registration of its subsidiary in North America, Colibrys Inc. and its appointment of James A. Aberson, as Business Development Manager for North America

Neuchâtel, Switzerland and Cary, North Carolina, USA, December 12 2002 - Today Colibrys SA announced the registration of its subsidiary in North America, Colibrys Inc. and its appointment of James A. Aberson, as Business Development Manager for North America. The creation of this US company is a major move by the Swiss parent aimed at establishing a dominant presence in North America as a supplier of silicon MEMS products and services. Since it was founded in January 2001, Colibrys SA has already become Europes largest independent manufacturer of MEMS components with revenues in Inertial Navigation, Telecom, Life Science and Industrial markets.

Jim Aberson of Colibrys said, I am very pleased to join a MEMS company with a solid reputation for design and manufacture of MEMS products. Colibrys has consistently continued to see year-on-year growth in its MEMS business over the past 5 years, this whilst many of our competitors have collapsed or seen significant reduction in revenue during this past year. A significant proportion of our new customers is based in North America and we intend to exploit the broader need in the North American marketplace for a professional supplier of Silicon MEMS. This step is but the first of many in the coming year towards establishing a strong design, applications and sales network for our existing and future customers."

About Colibrys:
Colibrys is a world-leading supplier of standard MEMS products and innovative custom MEMS solutions. Employing 125 people, Colibrys has the full breadth of MEMS capability, undertaking design, development, wafer fab manufacture, packaging and test of MEMS components. Colibrys is focusing its efforts where the potential for market sales growth remains very high, especially in professional inertial navigation systems, life sciences, telecommunications networks and industrial applications. For further details on Colibrys SA, visit their website www.colibrys.com.

About MEMS:
MEMS technology can combine mechanical, optical, semiconductor switching, micro-fluidic, thermal and micro-magnetic functions within a single chip, offering improved performance and smaller size at lower cost. The technology developments have been largely derived from the silicon semiconductor industry and adapted to allow micro-miniature mechanical components to be developed in a reliable industrial manner.

Points of contact for further information
Colibrys Inc.
2054 Kildaire Farm Road
Cary NC 27511
jim.aberson@colibrys.com
Tel: +1 (919) 467-3402
Fax: +1 (919) 467-3510
Mobile: +1 (919) 946-0355

Colibrys SA
sean.neylon@colibrys.com
Tel: +41 32 720 5424

Press Contact
michel.minck@colibrys.com
Tel: +41 32 720 5193

-----------------

Disclaimer:

Whilst WebitPR.com Limited endeavor to ensure the accuracy of the information contained in this Release, WebitPR.com Limited cannot accept any liability for:-

· the inaccuracy or otherwise of any information contained in this Release; or
· any loss liability or expense which may be suffered by any party in consequence of acting or omitting to act as a result of any information contained in or omitted from this Release; or
· any loss or suffering which may be caused by or to any party either as a result of the information contained in this Release or such information contained in this Release being inaccurate or otherwise misleading.

In the event that any information contained in this Release is inaccurate or misleading then please contact WebitPR.com at the above e-mail address.