MEMSCAP, S.A. announced it has fully executed its FABLITE Program through the sale of its North Carolina Manufacturing Plant (USA) and the conclusion of a strategic supply agreement for its optical communications products. Concurrent with the Sale Transaction closing, MEMSCAP and Science Corporation entered into a strategic supply agreement for the manufacturing and supply of products for the MEMSCAP VOA business. Such Agreement includes a minimum of 3 years supply of chips and wafers.

Following this transaction and the on-schedule completion of the FABLITE Program, MEMSCAP business becomes focused around:- the Avionics and Medical businesses operated by MEMSCAP Norwegian facilities, and- the fabless VOA Product line servicing MEMSCAP Optical Communications business. This new organization is expecting to deliver significant improvement to MEMSCAP agility and profitability.