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Hittite Microwave Corporation Acquires License to IBM Millimeterwave Technology

July 19, 2010
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Chelmsford, MA – July 19, 2010 - Hittite Microwave Corporation (NASDAQ:HITT) today announced it has acquired a license from IBM (NYSE: IBM) to manufacture and market silicon IC millimeterwave transceivers developed by IBM.

Also covered by the license are certain 57-64 GHz IC, package and antenna technology, as well as 71-76 GHz and 81-86 GHz IC intellectual property.

Hittite will apply this advanced high frequency technology to markets that require highly integrated solutions.

The company also entered into a Joint Development Agreement with IBM related to millimeterwave technology. Financial terms of the transaction were not disclosed.

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