Acquisition Details - Syntiant Corp completed the acquisition of Knowles Corporation's Consumer MEMS Microphones (CMM) business for $150 million in cash and stock [4] - The acquisition was financed through equity funding led by Khazanah Nasional Berhad and Boardman Bay Capital Management, with debt financing arranged by Structural Capital [3] Financial Performance - Knowles' CMM division generated revenue of approximately $256 million in 2023 [3][8] Strategic Impact - The acquisition positions Syntiant as a leader in the multibillion-dollar MEMS microphone market, combining cutting-edge sensors, processors, and high-performance machine learning models [1] - Syntiant aims to accelerate the development of next-generation solutions for autonomous vehicles, smart home devices, and industrial automation [1] - The integration of Knowles' CMM business enhances Syntiant's product portfolio, supporting new audio applications in consumer and industrial markets [8] Technological Advancements - Syntiant has deployed more than 50 million Neural Decision Processors (NDPs) and deep learning models worldwide, delivering ultra-low-power AI in edge devices [9] - The integration of advanced MEMS sensors into Syntiant's existing hardware-software capabilities provides customers with a total edge AI audio solution [9] Investor and Partner Support - Boardman Bay Capital Management expressed deep confidence in Syntiant's ability to drive the future of edge AI [2] - Khazanah Nasional Berhad supports Syntiant's vision for the growth of Malaysia's semiconductor ecosystem, aligning with its goal of fostering technological advancements in the region [10] - Structural Capital believes the deal will accelerate Syntiant's growth and strengthen its market presence [19] Company Background - Syntiant Corp, founded in 2017 and headquartered in Irvine, Calif, is a leader in delivering hardware and software solutions for edge AI deployment [15] - Knowles' CMM business designs and manufactures MEMS microphones, known as SiSonicTM, for voice control communications and superior audio recording across various market segments [16] Industry Context - The acquisition reflects the rising demand for chips in emerging technologies like AI and the shifting global supply chain, creating opportunities for Malaysia to advance in the semiconductor and advanced manufacturing value chain [10]

-Provides Customers with End-to-End Edge AI Solutions Integrating Sensors, Processors and Software- -Expands Product Portfolio to Support New Audio Applications in Consumer and Industrial Markets--Generated Revenue of Approximately $256 Million in 2023 - IRVINE, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low power edge AI deployments, today announced it has completed the acquisition of Knowles Corporation’s (NYSE: KN) Consumer MEMS Microphones (CMM) business for $150 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36102 Knowles Corporation (Exact name of registrant as specified in its charter) Delaware 90-1002689 (St ...

Knowles Corporation (NYSE:KN) Q3 2024 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Sarah Cook – Vice President-Investor Relations Jeffrey Niew – President and Chief Executive Officer John Anderson – Senior Vice President and Chief Financial Officer Conference Call Participants Bob Labick – CJS Christopher Rolland – Susquehanna Tristan Gerra – Baird Operator My name is Briana, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Knowles ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------------------------------------| | | | | | | | | | | | | | | | | | 1 0 . 2 4 . 2 4 | | | | | | | | | | | | | | | | | | 3 rd Quarter 2024 | | | | | | Earnings Release Supplemental Information | | | | | | | Safe Harbor Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, such as statement ...

Exhibit 99.1 Financial Contact: Sarah Cook Knowles Investor Relations Email: investorrelations@knowles.com Knowles Reports Q3 2024 Financial Results and Provides Outlook for Q4 2024 Third Quarter Revenues from Continuing Operations increased 32% on a year over year basis to $143M, at the high end of the guided range Net Cash from Operations of $53 million; exceeding the high end of the guided range ITASCA, Ill., October 24, 2024 - Knowles Corporation (NYSE: KN) ("Knowles" or the "Company" ), a leading globa ...

Knowles (NYSE: KN ) continues to largely see stability in their end markets following softness over the past 12 months. Assuming most of this demand decline is indeed a reflection of market trends rather than competitive issues, the Analyst's Disclosure: I/we have a beneficial long position in the shares of KN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I ...

IRVINE, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low power edge AI deployments, today announced it has signed a definitive agreement to acquire certain assets of Knowles Corporation's (NYSE: KN) Consumer MEMS Microphones (CMM) business. Knowles' CMM division is an industry-leading manufacturer and supplier of high performance SiSionic™ micro-electro-mechanical systems (MEMS) microphones that are essential for voice and audio applications in smartphones, smart speak ...

The company's ceramic capacitors will also appear on the U.S. Department of Defense's Qualified Products List (QPL) ITASCA, Ill., Aug. 14, 2024 /PRNewswire/ -- Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic microphones and speakers, audio solutions, and high-performance capacitors and RF products, today announced they will manufacture and test MIL-PRF-55681 capacitors in the United States. Developed by the Defense Logistics Agency (DLA), MIL-PRF-55681 is a cri ...

The QAS Series reduces early failures in relays, switch contacts, and solid-state components ITASCA, Ill., Aug. 8, 2024 /PRNewswire/ -- Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic microphones and speakers, audio solutions, and high-performance capacitors and RF products, today announced the QAS Series, a new line of RC-type Arc Suppressor/Snubber components that extend the operating life of electronic and electro-mechanical devices. Knowles' Cornell Dubilie ...