Listing: TSX Venture Exchange
Symbol: DNX
Dynex Wins Grants to Collaborate in Developing High Power Semiconductor Devices
Lincoln, England, October 20th 2006 -- Dynex Power Inc., a
leading, independent power semiconductor company, today announced that
its wholly owned UK subsidiary, Dynex Semiconductor Ltd., has been
awarded grants totalling £530,000 by the Department of Trade and
Industry-led Technology Programme to develop advanced high power
semiconductor devices.
The grants will support two collaborative
projects concurrently over a period of 3 years. Although both projects
are aimed at different power electronic components and applications,
they are expected to deliver similar benefits of lower running costs and
greater energy efficiency when applied to high power electronic systems.
The
first project, named NEWTON, is to develop ultra-high power thyristor
switches for applications in electric power Transmission and
Distribution systems. It is a collaboration amongst Dynex, Areva T&D UK
Ltd., Semefab (Scotland) Ltd., and Loughborough University.
The
second and separate project, named HIDRIVE, is to develop high power
density transistor modules for use in high energy electric motor drive
applications. It is a collaboration amongst Dynex, Converteam Ltd.,
Dudley Associates Ltd. and the Emerging Technologies Research Centre at
De Montfort University.
Paul Taylor, President and Chief
Executive Officer stated “Dynex continues to focus its power device
research and development on future high voltage semiconductor products
for high power energy management. These DTI awards allow us to bring
together strong UK industrial and academic groups to work with Dynex on
power device development in this important sector.”
Welcoming
the new partnerships, Science and Innovation Minister, Lord Sainsbury
said, “These initiatives provide a real opportunity to harness the world
class expertise that we possess in the UK and direct it towards the task
of wealth creation. By providing a focus for collaboration and delivery,
these partnerships should establish British industry as the world leader
in this area and be an attractive proposition for investors.”
These
projects are part-funded by Collaborative R&D grants under the DTI’s
Technology Programme.
Launched in 2004, the programme is
investing directly in new and emerging technologies and has been
designed to help businesses work collaboratively with each other or with
academic partners to develop technologies that will underpin products
and services of the future.
The Technology Programme provides
funding using two of the DTI's business support products: Collaborative
Research & Development and Knowledge Transfer Networks. Over the period
2005-2008, £370 million in grants is available to businesses to support
research and development in technology areas identified by the
Technology Strategy Board. The Technology Programme has allocated over
£330m to Collaborative R&D competitions, awarding grants ranging from
£30,000 to £2.2 million. Around 450 projects have been funded across 40
technology areas. Nineteen Knowledge Transfer Networks have also been
established with funding of around £40m over 3 years.
Further
information on the Department of Trade’s Technology Programme can be
found at:
http://www.dti.gov.uk/innovation/technologystrategy/technologyprogramme/index.html
About
the Company
Dynex is one of the world’s leading suppliers of
specialist, high power semiconductor products. Dynex Semiconductor Ltd
is its main operating business and is based in Lincoln, England in a
facility housing the fully integrated silicon wafer fabrication,
assembly and test, sales, design and development operations. Dynex
designs and manufactures high power bipolar discrete semiconductors,
power modules, including insulated-gate bipolar transistors (IGBTs), and
high power electronic assemblies. Dynex products are used world wide in
power electronic applications including electric power generation,
transmission and distribution, marine and rail traction drives,
aircraft, electric vehicles, industrial automation and controls. The
company continues to produce and sell certain high reliability
integrated circuits (ICs) for use in specialist applications led by its
proven radiation hard Silicon-on-Sapphire products for space and nuclear
applications.
The TSX Venture Exchange has neither approved nor disapproved of the
information in this press release.
For more information:
Dr. Paul Taylor
President and Chief
Executive Officer
or
Bob Lockwood
Finance Director and
Chief Financial Officer
Dynex Power Inc.
Tel: UK +44 1522 500
500
Email: paul_taylor@dynexsemi.com
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