SANTA ANA, Calif.

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& LONDON--(BUSINESS WIRE)--May 5, 2006--Filtronic plc ("Filtronic") (LSE:FTC), a leading global designer and manufacturer of customized microwave electronic subsystems for the wireless telecommunications and defense industries, and Powerwave Technologies, Inc. (Nasdaq:PWAV), a global supplier of end-to-end wireless solutions for wireless networks, today announced that the companies have entered into a period of exclusive negotiations for the disposal of Filtronic's filter-based transmit receive module and power amplifier businesses of its Wireless Infrastructure Division. For the avoidance of doubt, there can be no certainty that these negotiations will result in any transaction being completed. We will have no further comment until an agreement is reached or the discussions are terminated.
LONDON — After posting annual gains of 18.7 percent in 2004 and 9.7 percent in 2005, the semiconductor photomask market will grow 4.3 percent in 2006, reaching sales of $3.2 billion, according to The Information Network, a market research company.
“While the semiconductor market is anticipated to grow strongly in 2006, demand for photomasks is directly a function of design activity rather than sales volume from products using photomasks. Therefore, an increase in the semiconductor market does not necessarily translate to an increase in photomask sales,” said Robert Castellano, president of The Information Network (New Tripoli, Pa.).