1February 13, 2019
Sumitomo Electric Industries, Ltd.
Aquantia Corp.

Aquantia and Sumitomo Electric Announce Strategic Partnershipto Deliver Multi-Gigabit Ethernet Connectivity Solutions to the
Global Automotive Market
San Jose, Calif. & Osaka, Japan – February 12, 2019 – 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 abroad range of products 1 and is focused on helping to create an automotive ecosystemcharacterized by safety, comfort and environmental responsibility.

The resulting products, Sumitomo Electric connectors, cables and subsystemcapabilities combined with Aquantia AQcelerate automotive PHYs, are targeted at InVehicle Networks (IVNs) that enable new levels of autonomous driving. The agreement
will allow the two companies to co-develop new capabilities for Aquantia AQceleratedevices 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. “AMulti-Gig IVN ensures the highest level of safety for drivers, passengers and anyone elsesharing the road. Autonomous driving requires massive amounts of data transfers within
the vehicle, and the combination of Sumitomo Electric and Aquantia will make it seamlessfor Original Equipment Manufacturer (OEM) customers to create a safe, enjoyable in-car

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1experience.”“Aquantia is honored to work with Sumitomo Electric – a Tier 1 supplier with a long historyof 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 thefuture of autonomous vehicles. The Sumitomo Electric - Aquantia design will takeautonomy 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 thevarious design teams at Japanese OEMs.”
Sumitomo Electric’s Automotive business segment yielded $15.5 billion USD inrevenue in 20182 and has shown steady, sequential growth. The partnership withAquantia is aligned with the Sumitomo Electric mission to expand global market shareand strengthen product development capabilities through collaboration with technology
leaders to meet the needs for upcoming autonomous vehicles.3 At the same time, thispartnership will give Aquantia increased exposure to Sumitomo Electric’s large
Japanese and international customer base.
About Aquantia:
Aquantia is a leader in the design, development and marketing of advanced, highspeed communications ICs for Ethernet connectivity in the Data Center, Enterprise
Infrastructure, Access and Automotive markets. Aquantia’s products are designed tocost-effectively deliver leading-edge data speeds for use in the latest generation ofcommunications infrastructure to alleviate network bandwidth bottlenecks caused bythegrowthofglobalIPtraffic. Aquantia

www.aquantia.com

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islocatedinSiliconValley.

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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.
1

https://global-sei.com/products/automotive.html

2 https://sei.co.jp/ir/library/pdf/fb2018_3.pdf
3 https://global-sei.com/ir/library/pdf/ar2018.pdf■ Reference
Sumitomo Electric's Website
https://sumitomoelectric.com/

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