Listing: TSX Venture Exchange
Symbol: DNX
Lincoln, England, July 30, 2009 – Dynex Power Inc., a leading
specialist high power semiconductor company, today announced that it has
retained the services of Bryan Mills Iradesso Corp. (“BMIR”) to provide
investor relations services.
BMIR will focus on creating
corporate presentation materials, updating the Investor Relations
section of Dynex’s website and setting up investor meetings.
In
consideration of the services to be provided, Dynex has agreed to pay a
one-time fee of $12,500 for the preparation of corporate presentation
materials, a one-time fee of $2,500 for copywriting and improvements in
the architecture for the corporate website and $150 per hour for
investor meeting services.
BMIR was engaged on July 30, 2009 for
a period of 12 months. Either party may terminate or amend the terms of
the engagement following such retainer period upon 30 days notice.
BMIR
is a private firm specializing in investor relations and strategic
communications through branding and multimedia. To the knowledge of
Dynex, BMIR does not have any interest, directly or indirectly, in Dynex
or its securities, or any right or intent to acquire such an interest.
About
the Company
Dynex designs and manufactures high power bipolar
semiconductors, high power insulated gate bipolar transistor (IGBT)
modules, high power electronic assemblies and radiation hard
silicon-on-sapphire integrated circuits (SOS IC’s). The company’s power
products are used worldwide in power electronic applications including
electric power transmission and distribution, renewable and distributed
energy, marine and rail traction motor drives, aerospace, electric
vehicles, industrial automation and controls and power supplies. Its IC
products are used in demanding applications in the aerospace industry.
Dynex Semiconductor Ltd is its only operating business and is based in
Lincoln, England in a facility housing the fully integrated silicon
fabrication, assembly and test, sales, design and development
operations. Dynex is majority owned by Zhuzhou CSR Times Electric Co.,
Ltd.
Zhuzhou CSR Times Electric Co., Ltd. is based in Hunan
Province in the People's Republic of China. It is listed on the Hong
Kong stock exchange. CSR Times Electric is mainly engaged in the
research, development, manufacture and sales of locomotive train power
converters, control systems and other train-borne electrical systems, as
well as the development, manufacturing and sales of urban railway train
electrical systems. In addition, CSR Times Electric is also engaged in
the design, manufacturing and sales of electric components including
power semiconductor devices for the railway industry, urban railway
industry and non-railway purposes.
Press announcements and other
information about Dynex are available at www.dynexsemi.com.
Further
information on CSR Times Electric can be found at www.timeselectric.cn/en
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: investorrelations@dynexsemi.com
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