Microsemi's James J. Peterson Wins "Outstanding CEO in Technology" Award from OC Tech Alliance

ALISO VIEJO, Calif., Oct. 13, 2014 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced James J. Peterson, the company's chairman and CEO, was the recipient of the Orange County Technology Alliance's "Outstanding CEO in Technology" award. The organization's 21^st Annual High-Tech Innovation Awards celebrate excellence and achievement in the region's technology industry, honoring local companies, individuals and products that drive innovation in Orange County, California.

Peterson was recognized for his ability to instill a culture of innovation, collaboration and discipline at Microsemi, which have helped the company achieve numerous technological breakthroughs under his leadership. He was also acknowledged for establishing Microsemi's unique branding and value proposition; creating a manufacturing strategy that delivers agility, flexibility and a competitive advantage; and expanding revenues through both organic growth and acquisitions.

Microsemi and other winners were recognized on Oct. 9 during a ceremony at the Westin South Coast Plaza in Costa Mesa. Now in its 21^st year, the High-Tech Innovation Awards is the signature event recognizing the people, companies and educators driving high-tech innovation in the region.

About Orange County Technology Alliance
Orange County Technology Alliance is a 501(c)6 nonprofit trade association committed to fast-forwarding the local innovation economy. It is the successor organization to the Orange County Council of TechAmerica and AeA. It is the only technology association addressing the needs of small-to-midsize technology companies and their leaders based in Orange County, Calif. The alliance serves members through local networking, professional development, state and federal advocacy, savings on business services and industry recognition. To learn more about membership, contact OC Tech Alliance at [email protected] or www.octechalliance.com. Follow alliance activities on Twitter at www.twitter.com/octechalliance.

About Microsemi
Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance and radiation-hardened analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and synchronization devices and precise time solutions, setting the world's standard for time; voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,400 employees globally. Learn more at www.microsemi.com.

Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to James J. Peterson, the company's chairman and CEO, being the recipient of the Orange County Technology Alliance's "Outstanding CEO in Technology" award in the large company category, and its potential effects on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

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SOURCE Microsemi Corporation