Cypress Systems Corp., a subsidiary of Cypress Semiconductor Corp., introduced non-invasive wireless gauge reading solutions to reduce costs and improve efficiency in manufacturing and processing plants.  The patent-pending Wireless Gauge Reader simply clips on to the front face of an existing gauge in minutes, at less than half the cost of alternative systems.

Formerly, vice president of marketing at Honeywell Process Solutions, Harry Sim got what I called then a "sweetheart deal" to become CEO of Cypress Systems, a subsidiary of Cypress Semiconductor-- one of the leading semiconductor manufacturers in the world. Cypress has a whole potload of intellectual property, and Harry decided to look around and see what he could do with it.