Apogee was organized as a Delaware corporation in 1987, and initially operated through its wholly owned subsidiary, Apogee Acoustics Incorporated. Acoustics engineered, manufactured, and marketed high quality, high-end patented ribbon loudspeaker systems for use in home audio and video entertainment systems. This technology was so innovative that a pair of Apogee loudspeakers is on display at the Smithsonian Museum.

 

The Company built upon this audio experience and developed the worlds first all-digital, high efficiency audio amplifier ICs, which it trademarked as Direct Digital Amplification or DDX®. DDX technology became the market leader and in conjunction with the Company's DDX technology licensee, STMicroelectronics, the companies developed over 25 DDX ICs that had total sales of over 35 million devices to leading consumer brands such as Sony, Sharp, Samsung, Harman Kardon, Hitachi, Kenwood, LG, Philips, RCA and Zenith. During the growth of this business, the Company won the Deloitte Technology Fast 50 award in 2004 as the fastest growing technology company in New England.

 

In October of 2005, the Company sold its audio business to SigmaTel, Inc., a consumer and computer IC company, and focused all of its resources on its MEMS/Nanotechnology business. In May of 2004, the Company acquired a portfolio of MEMS intellectual property, trade secrets and know-how as part of its strategy to diversify its technology and customer base. Concurrently, the Company hired key staff and established a MEMS Division. The Company is leveraging these assets to develop a family of proprietary MEMS and Nanotechnology products for a range of market applications.