Peregrine Semiconductor and RFMW, Ltd. Announce Global Distribution Agreement

San Diego, California, and San Jose, California, Sept. 25, 2012 – Peregrine Semiconductor Corporation (NASDAQ: PSMI), a fabless provider of high-performance radio frequency integrated circuits (RFICs), and RFMW, Ltd. today announced they have finalized a worldwide distribution agreement for Peregrine’s UltraCMOS® RFICs. RFMW, Ltd. is a specialized distributor providing customers and suppliers with focused distribution of RF and microwave components, as well as specialized component-engineering support.

According to the agreement, RFMW will stock, distribute and provide applications engineering support for Peregrine Semiconductor’s broad product portfolio, including RF switches, digital step attenuators, prescalers, mixers, Phase Locked Loop frequency synthesizers, and Digitally Tunable Capacitors. These products target a broad range of applications in the defense, broadband, industrial, mobile wireless device, test-and-measurement equipment, and wireless infrastructure markets.

“RFMW’s focus on RF products, technology, and customers is a highly complementary solution to Peregrine’s existing global sales network,” said Dale Robinette, director of worldwide sales for Peregrine Semiconductor. “Our partnership with RFMW gives us visibility into the very early design stages of customer projects, where our unique UltraCMOS technology process and high performance provide the most benefit.”

Joel Levine, president of RFMW, Ltd., said, “Peregrine Semiconductor’s UltraCMOS technology enables the development of highly-integrated RFICs that combine RF, mixed signal, and digital functions on a single chip. We’ve seen requirements in certain market segments for this type of integration while, at the same time, many of our customers design with discrete devices such as switches, and digital attenuators. Peregrine’s product portfolio satisfies the requirements of both. Our immediate goal is to introduce customers to Peregrine’s portfolio, in order to expand design-in opportunities.”

Peter Saxby, managing director of RFMW in Europe, added, “our pan-European sales staff of focused RF specialists are eager to support customer design, prototype, and manufacturing opportunities with Peregrine‘s devices, which provide much needed support for current design opportunities where we’ve previously been unable to offer solutions.”

About Peregrine Semiconductor

Peregrine Semiconductor (NASDAQ: PSMI) is a fabless provider of high-performance radio frequency integrated circuits (RFICs). Our solutions leverage our proprietary UltraCMOS® technology, which enables the design, manufacture, and integration of multiple RF, mixed-signal, and digital functions on a single chip. Our products deliver what we believe is an industry-leading combination of performance and monolithic integration, and target a broad range of applications in the aerospace and defense, broadband, industrial, mobile wireless device, test and measurement equipment, and wireless infrastructure markets. UltraCMOS technology combines the ability to achieve the high levels of performance of traditional specialty processes, with the fundamental benefits of standard CMOS, the   most widely-used semiconductor process technology. UltraCMOS technology utilizes a synthetic sapphire substrate, a near-perfect electrical insulator, providing low parasitic capacitance, and enabling high signal isolation, and excellent broadband linearity. These attributes result in RF devices with excellent high- frequency performance and power-handling performance, reduced crosstalk between frequencies, and enhanced network efficiency. We have engineered design advancements, including our patented HaRP™ technology which significantly improves harmonic and linearity performance; and our patent-pending DuNE™ technology, a circuit design technique that we have used to develop our advanced Digitally Tunable Capacitor (DTC) products. We offer a broad portfolio of high-performance RFICs including switches, digital attenuators, mixers/upconverters, prescalers, frequency synthesizers, DTCs, and DC-to-DC converter products; and we are currently developing Power Amplifiers (PAs). Our products are sold worldwide through our direct sales and field applications engineering staff, and our network of independent sales representatives, and distribution partners. Additional information is available on the Company’s website at https://www.psemi.com.

About RFMW, Ltd.

RFMW, Ltd. is a specialty electronics distribution company focused exclusively on serving customers that require RF and microwave components and semiconductors, as well as component engineering support. The company continues to expand its list of products from selective suppliers with RF/microwave expertise. RFMW deploys a highly-experienced, technically-skilled team to assist customers with component selection and fulfillment. To learn more about RFMW, visit the Company’s Web site at http://www.rfmw.com, or contact us at 1.877.FOR.RFMW (367-7369), or info@rfmw.com.

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The Peregrine Semiconductor name, logo and UltraCMOS are registered trademarks, and DuNE, and HaRP are trademarks of Peregrine Semiconductor Corporation in the U.S.A., and other countries. All other trademarks are the property of their respective owners.