EANS-News: ams AG / ams divests MEMS microphone interface ASIC design assets to Knowles Corporation

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Building on long-term ams/Knowles relationship, transaction reflects ams’ continuing focus on sensor solutions

Strategic Management Decisions

Premstaetten - Premstaetten, Austria (23 December 2019) -- ams (SIX: AMS), a leading worldwide supplier of high-performance sensor solutions, announces the divestment of its MEMS microphone interface design assets to its customer Knowles Corporation (NYSE: KN) ("Knowles"), a global provider of advanced micro-acoustic, audio processing, and precision device solutions. Continuing its strategic focus on sensor solutions and in view of significant future opportunities in optical technologies, ams will divest its industry-leading high performance interface ASIC design business for MEMS microphones which has worked in close partnership with Knowles for a number of years to create bespoke audio sensor interfaces. The transaction includes the transfer of a well-respected ASIC design team, related intellectual property rights and sourcing rights for ASIC wafers from multiple foundry partners for a total consideration of USD 58 million in cash. The transaction has already been closed.

"As we drive ams towards becoming a Sensor Solutions and Photonics leader, we have taken this step to secure a strong investment for the excellent ams IP and the expertise of the ams team in MEMS microphone applications," said Chris Feige, Head of Ear Solutions at ams. "With its market-leading understanding from design to execution in advanced micro-acoustics and audio processing and building on our established relationship, Knowles is an excellent partner for this transaction."

###

About ams
ams is a global leader in the design and manufacture of advanced sensor solutions. Our mission is to shape the world with sensor solutions by providing a seamless interface between humans and technology.
ams' high-performance sensor solutions drive applications requiring small form factor, low power, highest sensitivity and multi-sensor integration. Products include sensor solutions, sensor ICs, interfaces and related software for consumer, communications, industrial, medical, and automotive markets. With headquarters in Austria, ams employs about 9,000 people globally and serves more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock exchange (ticker symbol: AMS). More information about ams can be found at https:
//ams.com [https://ams.com/]

Join ams social media channels:
>Twitter [https://twitter.com/amsAnalog] >LinkedIn [https://www.linkedin.com/ company/ams-ag] >Facebook [https://www.facebook.com/amsAnalog] >YouTube [https:/ /www.youtube.com/user/amsAnalog]

ams is a registered trademark of ams AG. In addition many of our products and services are registered or filed trademarks of ams Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

end of announcement euro adhoc

issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
indexes:
stockmarkets: SIX Swiss Exchange
language: English

Digital press kit: http://www.ots.at/pressemappe/2901/aom

Rückfragen & Kontakt:

Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0001