| Cypress will sell its SMaL Camera Technologies, subsidiary to Sensata Technologies. The transaction is expected to close later this quarter. SMaL Camera provides cameras and camera subsystems to automotive advanced driver assistance systems for such customers as Bosch and Delphi. The company has approximately 25 employees. Cypress acquired SMaL Camera in February 2005. Cypress will retain its custom image sensor business in Mechelen, Belgium. Sensata Technologies is a designer and manufacturer of sensors and controls for leaders in the automotive, appliance, aircraft, industrial and HVAC markets. Formerly the Sensors & Controls business of Texas Instruments, Sensata Technologies was acquired by Bain Capital, a private investment firm, in April, 2006. Sensata Technologies employs approximately 6,500 people worldwide. |