RedShift Systems Spins Out of Aegis Semiconductor

Company to Deliver Breakthrough Technology for Thermal Imaging Applications

Waltham, Mass. – June 7, 2005 – RedShift Systems Inc., a pioneer in enabling low-cost, high-performance thermal imaging solutions for mass markets, has spun out as an independent company from Aegis Semiconductor, Inc., a leading supplier of cost-effective wavelength monitoring and control solutions based in Woburn, MA. Aegis has provided seed financing to RedShift.

RedShift’s core technology enables manufacturers to include high-quality thermal imaging capability in a wide variety of products, but at one-tenth the cost of existing solutions. This unparalleled price-performance not only positions RedShift to disrupt an established $2 billion market for firefighting and industrial thermal imaging, but also opens up new markets for thermal imaging in price-sensitive markets such as automotive safety, law enforcement, and video surveillance.

RedShift can offer such a significant cost savings over current infrared vision technology in part because its platform can transform virtually any standard commercial camera into a thermal camera. This ability allows manufacturers to build on top of the hundreds of millions of commodity CMOS/CCD sensors that are produced annually and to take advantage of the large, ongoing industry investments to improve these sensors’ performance and reduce their cost.

Originally developed at Princeton University and further commercialized by Aegis, RedShift’s core technology is mature – the Aegis technology from which it was born is now operating in major telecommunications platforms – and may be manufactured using standard processes in volume foundries.

Matthias Wagner, co-founder of Aegis Semiconductor, has left Aegis to lead RedShift Systems as its chief executive officer. Wagner had served as CEO of Aegis until February, when he handed off that post to Donald E. Bossi, who had previously held a number of senior management positions at JDS Uniphase.

Eugene Ma, chief technology officer and also co-founder at Aegis, has also joined RedShift where he will also serve as CTO.

“We see vast new opportunities for thermal imaging in markets that previously hadn’t considered it because costs were too high,” Wagner said. “Now that RedShift has eliminated the cost barrier, customers are pulling us into applications where they urgently need an affordable thermal imaging solution. The opportunities for our platform are enormous.