DGAP-News: ELMOS Semiconductor AG: ELMOS joins Asian energy company as partner in TetraSun
(firmenpresse) - DGAP-News: ELMOS Semiconductor AG / Key word(s): Alliance
ELMOS Semiconductor AG: ELMOS joins Asian energy company as partner in
TetraSun
18.07.2011 / 07:40
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Startup develops cost-effective high-efficiency solar cells
Dortmund, July 18, 2011: ELMOS Semiconductor AG (FSE: ELG) takes a holding
in California's TetraSun Inc. Another shareholder in the startup, apart
from ELMOS and the TetraSun management, is a major Asian energy company.
TetraSun develops a new kind of monocrystalline silicon solar cells
reaching high efficiency at low production costs.
ELMOS acquires a minority stake in TetraSun by investing a high
single-digit million US-Dollar amount and will be represented with a seat
on the TetraSun Board of Directors. At present TetraSun is operating a
pilot production line at the manufacturing site of ELMOS subsidiary SMI in
the United States.
ELMOS is expecting corporate synergies from the combination of solar cells
and semiconductors and sensors, both existing in the product portfolio and
yet to be developed. The emphasis will be placed on energy conversion for
solar solutions.
'The strategic collaboration with TetraSun together with the Asian energy
company will open up additional market opportunities in photovoltaics for
us,' says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG.
'We are extremely excited to join forces with ELMOS to further the
technology development progress we have made to date and to explore new
applications for our cells,' states TetraSun's CEO, Denis De Ceuster.
About TetraSun Inc.
TetraSun Inc. is a U.S. based company developing technology for
high-efficiency monocrystalline silicon solar cells. Applications for solar
cells made by TetraSun include on-grid, off-grid and mobile PV markets.
ELMOS Semiconductor AG is a developer and manufacturer of
semiconductor-based system solutions. Our chips have made automobiles as
well as industrial and consumer goods more performance and power efficient
for more than 25 years.
Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Phone: +49 231-7549-0, extension: -287, fax: +49
231-7549-548, e-mail: info(at)elmos.de, www.elmos.de
End of Corporate News
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Language: English
Company: ELMOS Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest(at)elmos.de
Internet: http://www.elmos.de
ISIN: DE0005677108WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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132270 18.07.2011
Datum: 18.07.2011 - 07:40 Uhr
Sprache: Deutsch
News-ID 34620
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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