Oki Electric and Tyco Electronics Sign an Agreement to Transfer Technology for USB Power Protection Switch ICs

Tokyo, Japan, July 12, 2006 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced it has signed an agreement with Tyco Electronics Corporation to transfer Tyco Electronics’ technology of USB power protection switch IC’s to Oki Electric. The technology being transferred is a protection switch IC that is inserted in the power supply line for USB terminals.

Use of terminals equipped with USB, a high-speed serial interface standard, is rapidly increasing in common applications such as digital still cameras and as an interface to connect PCs with digital appliances. The power protection switch IC offers functions to help enable a USB power supply including overcurrent protection, soft-start, and UVLO (Under Voltage Lock Out) functions. Oki will accept orders of the USB power protection switch IC beginning July 21, 2006.

“We are very pleased with this technology transfer from Tyco Electronics, a globally known company. Based on this agreement, we will provide system solutions that have lower power consumption and lesser components with our differentiating technologies in power management LSI such as high voltage processing, low power consumption, and circuit area technologies,” said Masahiko Morioka, President of Silicon Solutions Company at Oki Electric. “By taking in the technologies from Tyco Electronics, Oki will expand the offering of system solutions by adding power supply line protection switch IC to our product lineup that includes linear regulator and switching regulator.”

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan’s first telecommunications manufacturer, with its headquarters in Tokyo, Japan. With the corporate vision, “Oki, Network Solutions for a Global Society,” Oki provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses function as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit Oki’s global web site at http://www.oki.com/.

About Tyco Electronics

Tyco Electronics, a business segment of Tyco International Ltd., is the world’s largest passive electronic components manufacturer; a leader in cutting-edge wireless components, complete power systems, and premise wiring components and systems; and a provider of critical communications systems to the Land Mobile Radio industry. Tyco Electronics provides advanced technology products from over forty well-known and respected brands, including Agastat, Alcoswitch, AMP, AMP NETCONNECT, Buchanan, CII, CoEv, Critchley, Elcon, Elo TouchSystems, M/A-COM, Madison Cable, OEG, Potter & Brumfield, Raychem, Schrack and Simel.For more information, visit www.tycoelectronics.com.

Notes:

* Names of companies and products are trademarks or registered trademarks of the respective companies and organizations.

Contact Information

Public Relations Division

Press Contact

Oki Electric Industry Co., Ltd.

Contact via E-mail