Aquantia and Sumitomo Electric Announce Strategic Partnership to Deliver Multi-Gigabit Ethernet Connectivity Solutions to the Global Automotive Market

SAN JOSE, Calif. & OSAKA, Japan–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24AQ&src=ctag” target=”_blank”gt;$AQlt;/agt; lt;a href=”https://twitter.com/hashtag/80211ax?src=hash” target=”_blank”gt;#80211axlt;/agt;–Sumitomo Electric Industries, Ltd. (TSE:5802) and Aquantia Corp. (NYSE:
AQ), today announced a strategic partnership for Sumitomo Electric to
deliver Multi-Gig Ethernet connectivity products to global manufacturers
of autonomous vehicles. Sumitomo Electric solutions span a wide range of
technical capabilities with extensive deployment in Japan, as well as
other major geographies. This Tier 1 technology supplier provides the
global automotive market with a broad range of products and is focused
on helping to create an automotive ecosystem characterized by safety,
comfort and environmental responsibility.

The products, Sumitomo Electric connectors, cables and subsystem
capabilities combined with Aquantia AQcelerate automotive PHYs, are
targeted at In-Vehicle Networks (IVNs) that enable new levels of
autonomous driving. The agreement will allow the two companies to
co-develop new capabilities for Aquantia AQcelerate devices that meet
the needs of Sumitomo Electric’s global customers.

“By including Aquantia’s Multi-Gig capabilities with our automotive
product offerings, Sumitomo Electric is making a landmark contribution
to the autonomous vehicle ecosystem,” said Toshiaki Kakii, Managing
Executive Officer of Sumitomo Electric. “A Multi-Gig IVN ensures the
highest level of safety for drivers, passengers and anyone else sharing
the road. Autonomous driving requires massive amounts of data transfers
within the vehicle, and the combination of Sumitomo Electric and
Aquantia will help make it seamless for Original Equipment Manufacturer
(OEM) customers to create a safe, enjoyable in-car experience.”

“Aquantia is honored to work with Sumitomo Electric – a Tier 1 supplier
with a long history of technical innovation and tremendous depth of
international experience in automotive system integration,” said Faraj
Aalaei, Chairman and CEO of Aquantia. “Going forward, this partnership
offers a full network and connectivity platform that are essential to
the future of autonomous vehicles. We believe the Sumitomo Electric –
Aquantia design will take autonomy to the next level and provide an
in-vehicle ‘nervous system’ – connecting all the critical functions to
support true self-driving capabilities and smart-cockpit functionality.
The partnership also accelerates and amplifies Aquantia’s reach to the
various design teams at Japanese OEMs.”

Sumitomo Electric’s Automotive business segment yielded $15.5 billion
USD in revenue in 2018 and has shown steady, sequential growth. The
partnership with Aquantia is aligned with the Sumitomo Electric mission
to expand global market share and strengthen product development
capabilities through collaboration with technology leaders to meet the
needs for upcoming autonomous vehicles. At the same time, this
partnership will give Aquantia increased exposure to Sumitomo Electric’s
large Japanese and international customer base.

(AQ-INV)

About Aquantia:

Aquantia is a leader in the design, development and marketing of
advanced, high-speed communications ICs for Ethernet connectivity in the
Data Center, Enterprise Infrastructure, Access and Automotive markets.
Aquantia’s products are designed to cost-effectively deliver
leading-edge data speeds for use in the latest generation of
communications infrastructure to alleviate network bandwidth bottlenecks
caused by the growth of global IP traffic. Aquantia is located in
Silicon Valley. www.aquantia.com

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. is a recognized global technology
leader with over 250,000 employees working at more than 390 group
companies in 40 countries. Building on over 120 years of innovation,
today Sumitomo Electric is engaged in diversified business activities
that support people’s daily lives and industries in five business
segments: automotive, infocommunications, electronics, environment &
energy, and industrial materials. For more information, visit https://global-sei.com.

Safe Harbor Statement

Statements in the press release that are not historical facts,
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
include statements relating to the potential benefits and market reach
of Aquantia’s products. These statements are subject to significant
risks and uncertainties and actual results could differ materially from
those projected. Aquantia cautions investors not to place undue reliance
on the forward-looking statements contained in this release. These risks
and uncertainties include, without limitation, risks and uncertainties
related to the size and growth of the Aquantia’s potential markets and
the ability to compete therein, as well as market demand for and
performance of Aquantia’s products. For a discussion of these and other
related risks, please refer to Aquantia’s recent SEC filings which are
available on the SEC’s website at www.sec.gov.
These forward-looking statements are based on Aquantia’s expectations
and assumptions as of the date of this press release. Except as required
by law, Aquantia undertakes no duty or obligation to update any
forward-looking statements contained in this press release as a result
of new information, future events or changes in Aquantia’s expectations.

Contacts

Aquantia Corporate Communications:
Diane Vanasse
408-242-0027
dvanasse@aquantia.com

Aquantia Investor Relations:
Deborah Stapleton
650-815-1239
deb@stapleton.com

Sumitomo Electric Industries, Ltd.
Public Relations Group,
Public Relations Dept.
+(81)-6-6220-4119
web@info.sei.co.jp

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