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"The Qorvo team is proud to support this historic scientific mission."
Greensboro, NC - March 5, 2021 – Qorvo®
(Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the
world, is proud to have been an integral part of the
Mars Perseverance 2020 Mission that successfully landed an unmanned rover
on Mars on February 18, 2021. NASA's Jet Propulsion Laboratory (JPL) officials
confirmed that Qorvo products were integrated into the Mars Perseverance's critical
descent stage landing radar. This mission-critical radar guides the rocket-powered
"backpack" that helped the Perseverance Rover land safely on the surface of
Mars.
James Klein, president of the Infrastructure and Defense Products (IDP) business,
said, "The Qorvo team is proud to support this historic scientific mission.
Mars Perseverance proves that the products we design, manufacture and test can
perform flawlessly, even under the harshest environmental conditions. I am excited
to see how Qorvo continues to play an innovative role engineering highly reliable
space and defense products to the products we use every day in smart homes and
connected cars."
Qorvo has played an important role in space exploration, supplying radar
components for the Mars Curiosity rover landing system (launched in 2011). Qorvo
components were also used in communication systems that enabled the
New Horizons
deep space probe (launched in 2006) to beam pictures and data of Pluto back
to Earth, and the
Cassini-Huygens space probe (launched in 1997) to map Saturn
and its rings and moons.
For additional information on Qorvo's space heritage and capabilities
click
here.
About Qorvo
Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative
Radio Frequency (RF) solutions at the center of connectivity. We combine product
and technology leadership, systems-level expertise and global manufacturing
scale to quickly solve our customers' most complex technical challenges. Qorvo
serves diverse high-growth segments of large global markets, including advanced
wireless devices, wired and wireless networks and defense radar and communications.
We also leverage unique competitive strengths to advance 5G networks, cloud
computing, the Internet of Things, and other emerging applications that expand
the global framework interconnecting people, places and things. Visit www.qorvo.com
to learn how Qorvo connects the world.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries.
All other trademarks are the property of their respective owners.
Contact
Qorvo Website: www.qorvo.com Media
Contact: Katie Caballero E-mail:
katie.caballero@qorvo.com Phone: +1 972-994-8546
This press release includes "forward-looking statements" within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include, but are not limited to, statements
about our plans, objectives, representations and contentions, and are not historical
facts and typically are identified by use of terms such as "may," "will," "should,"
"could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential,"
"continue" and similar words, although some forward-looking statements are expressed
differently. You should be aware that the forward-looking statements included
herein represent management's current judgment and expectations, but our actual
results, events and performance could differ materially from those expressed
or implied by forward-looking statements. We do not intend to update any of
these forward-looking statements or publicly announce the results of any revisions
to these forward-looking statements, other than as is required under U.S. federal
securities laws. Our business is subject to numerous risks and uncertainties,
including those relating to fluctuations in our operating results; our substantial
dependence on developing new products and achieving design wins; our dependence
on a few large customers for a substantial portion of our revenue; a loss of
revenue if contracts with the United States government or defense and aerospace
contractors are canceled or delayed or if defense spending is reduced; the COVID-19
pandemic, which has and will likely continue to negatively impact the global
economy and disrupt normal business activities, and which may have an adverse
effect on our results of operations; our dependence on third parties; risks
related to sales through distributors; risks associated with the operation of
our manufacturing facilities; business disruptions; poor manufacturing yields;
increased inventory risks and costs due to timing of customer forecasts; our
inability to effectively manage or maintain evolving relationships with platform
providers; risks from international sales and operations; economic regulation
in China; changes in government trade policies, including imposition of tariffs
and export restrictions; our ability to implement innovative technologies; underutilization
of manufacturing facilities as a result of industry overcapacity; we may not
be able to borrow funds under our credit facility or secure future financing;
we may not be able to generate sufficient cash to service all of our debt; restrictions
imposed by the agreements governing our debt; volatility in the price of our
common stock; damage to our reputation or brand; fluctuations in the amount
and frequency of our stock repurchases; our recent and future acquisitions and
other strategic investments could fail to achieve financial or strategic objectives;
our ability to attract, retain and motivate key employees; our reliance on our
intellectual property portfolio; claims of infringement of third-party intellectual
property rights; security breaches and other similar disruptions compromising
our information; theft, loss or misuse of personal data by or about our employees,
customers or third parties; warranty claims, product recalls and product liability;
and risks associated with environmental, health and safety regulations and climate
change. Many of the foregoing risks and uncertainties are, and will continue
to be, exacerbated by the COVID-19 pandemic and any worsening of the global
business and economic environment as a result. These and other risks and uncertainties,
which are described in more detail in Qorvo's most recent Annual Report on Form
10-K and in other reports and statements filed with the Securities and Exchange
Commission, could cause actual results and developments to be materially different
from those expressed or implied by any of these forward-looking statements.
Posted March 9, 2021
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