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    QRVO   US74736K1016

QORVO, INC.

(QRVO)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 09/24 03:18:39 pm
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Qorvo : Teams with Polarity to Deliver Turnkey Power Amplifier Solutions for Radar and EW

07/12/2021 | 10:46am EDT

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GREENSBORO, NC - July 12, 2021 - Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, has teamed with Polarity, Inc. to develop integrated rack/hub-mounted solid state power amplifiers (SSPAs) for radar, electronic warfare (EW).

Qorvo's newly released 2-20 GHz, 300 W Spatium® power amplifier is at the core of Polarity's newest broadband SSPA housed in an EIA-compatible 3-unit height, rack-mountable chassis. This state-of-the-art SSPA solution incorporates a wide input range AC - DC power supply, fan-forced convective thermal management and an internal driver amplifier. The Spatium high-power amplifier is designed to operate in wideband testing, communications, radar or any application requiring capability for simultaneous power amplification of signals across the 2 - 20 GHz operational bandwidth.

Unlike legacy technologies such as Traveling Wave Tubes (TWTs), the Spatium-based Polarity SSPA offers customers a lower operating voltage system with a much longer mean time between failures (MTBF) and the ability to operate even if one of the elements is damaged, using 'graceful degradation'. Replacement can also be performed in just a few hours instead of weeks, saving precious repair time and cost.

Wade Goins, president of Polarity, Inc., said, 'We are very excited to team with Qorvo to deliver Spatium-based SSPA solutions that exceed customer performance expectations while being reliable and easy to maintain. Our end customers are very pleased with the RF performance and reliability of our new SSPA, which offers longer uninterrupted mission operation and a significant reduction in total cost of ownership compared to existing solutions.'

Tim Hornback, senior product line manager for Qorvo Spatium, said, 'Teaming with a proven and respected system integrator like Polarity gives us the unique opportunity to provide customers with a turnkey SSPA solution that gets them up and running quickly and with confidence.'

To learn more about Spatium and how this innovative technology can help improve your next design, view our 'Frequently Asked Questions' document.

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.

Media Contact:
Katie Caballero
Marketing Communications Manager
Qorvo Infrastructure and Defense Products
+1 972-994-8546
katie.caballero@qorvo.com

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.

Disclaimer

Qorvo Inc. published this content on 12 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 14:44:15 UTC.


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Financials (USD)
Sales 2022 4 749 M - -
Net income 2022 1 152 M - -
Net Debt 2022 65,2 M - -
P/E ratio 2022 17,6x
Yield 2022 0,14%
Capitalization 19 352 M 19 352 M -
EV / Sales 2022 4,09x
EV / Sales 2023 3,68x
Nbr of Employees 8 400
Free-Float 99,5%
Chart QORVO, INC.
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Qorvo, Inc. Technical Analysis Chart | QRVO | US74736K1016 | MarketScreener
Technical analysis trends QORVO, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 174,12 $
Average target price 219,83 $
Spread / Average Target 26,3%
EPS Revisions
Managers and Directors
Robert A. Bruggeworth President, Chief Executive Officer & Director
Mark Joseph Murphy Chief Financial Officer
Ralph G. Quinsey Chairman
Todd Gillenwater Chief Technology Officer & VP-Engineering
Paul J. Fego Vice President-Global Operations
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