Ad-hoc | 20 June 2005 15:57
Silicon Sensor Int. AG:Entry into automotive market
Ad hoc announcement §15 WpHG
Entry into automotive market
Silicon Sensor Int. AG:Entry into automotive market
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Entry into automotive market, CEO extends contract until 2010
June 20, 2005
Silicon Sensor International AG has negotiated a supply agreement with a
leading international maker of automotive components. The deal is seen as the
first step in a long-term cooperation project for supplying an innovative
sensor system for cars and presently covers a period of three years. Both
sides have agreed not to disclose the supply volumes involved.
The forthcoming practical introduction of the system comes after more than
five years of development and testing which established a close partnership
between the component suppler and Silicon Sensor. Once the Automotive division
has come onstream, the Managing Board expects major expansion over the coming
years.
In a parallel development, the Supervisory Board of Silicon Sensor
International AG and the CEO, Dr. Bernd Kriegel, have agreed to extend the
management contract until 2010. After the extension last year of Dr. Hans-
Georg Giering’s contract until 2009, the company can now expect to work with
greater consistency in future.
For more information see our website at: http://www.silicon-sensor.com
or call +49-(0)30 – 63 99 23 – 99
Silicon Sensor International AG
The Managing Board
Silicon Sensor International AG
Ostendstraße 1
12459 Berlin
Deutschland
ISIN: DE0007201907
WKN: 720190
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
End of ad hoc announcement (c)DGAP 20.06.2005
201557 Jun 05