July 20, 2017

MEMSIC, Inc. has recently finalized a transaction that involves the sale of its consumer sensor business including its magnetometer and accelerometer products (“component products” with part numbers beginning with “MX” or “MMC”), along with the MEMSIC brand. For those customers buying MEMSIC component products, they will continue to buy from MEMSIC, Inc. as before.

The remaining non component products and business are continued with the same ownership, management team and Board of Directors under a newly formed entity ACEINNA, Inc.

This transaction enables ACEINNA to increase its focus and investment in its higher growth, higher value product lines, which include the inertial systems, tilt modules, flow sensors, and current sensors.

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