Ad-hoc | 15 July 2011 20:38
ELMOS Semiconductor AG / Key word(s): Alliance
15.07.2011 20:38
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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.
Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Germany, Telephone: 0231-7549-0, Direct: -287, Fax:
0231-7549-548, eMail: info@elmos.de, www.elmos.de
15.07.2011 DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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@elmos.de
Internet: http://www.elmos.de
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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