Ad-hoc | 20 April 2011 12:37
Silicon Sensor International AG / Key word(s): Strategic Company Decision
20.04.2011 12:37
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Ad hoc message in compliance with Art. 15 WpHG
(German securities trading code)
Silicon Sensor International AG, Peter-Behrens-Str. 15, D-12459 Berlin
Frankfurt Stock Exchange, Prime Standard
WKN (German securities identification code): 720190, ISIN DE0007201907
Change of company name and changes to Supervisory Board planned
April 20, 2011
At its meeting today, the Supervisory Board of Silicon Sensor International
AG agreed with the Executive Board's proposal to let the shareholders
decide on a change to the company name of Silicon Sensor International AG
at the Annual General Meeting, which is scheduled for June 9, 2011.
The company is to trade under the name First Sensor AG in the future. This
change makes allowances for the development of the company over its 20-year
history from a manufacturer of customer-specific silicon-based optical
sensor components to an integrated internationally oriented industrial
group: today, the company develops and produces sensor solutions along the
entire value-added chain - from sensor components through to complete
sensor systems for a number of industries. In addition to optical sensors,
new base materials (alongside silicon, e.g. indium gallium arsenide or
silicon carbide) as well as MEMS technology applications (pressure,
acceleration and inclination sensors) and special sensors have been added
over recent years. For continued successful growth of the company, it is
very important that this significantly expanded service offering is
communicated to customers, business partners, and investors within the
framework of a new, integrated brand appearance.
Two changes will take place on the Silicon Sensor Supervisory Board. The
Chairman of the Supervisory Board, Mr. Ernst Hofmann, informed the company
today that he will resign from his position on the Supervisory Board at the
end of the 2011 Annual General Meeting to devote his full attention to his
occupation as a management consultant. During the nine years spent on our
company's Supervisory Board, Mr. Hofmann played a leading role in the
restructuring and strategic realignment of Silicon Sensor International AG.
The company owes Mr. Hofmann its sincerest thanks for his contribution to
the company's development and wishes him good health and every success for
the future. The Supervisory Board proposes that the shareholders appoint
Mr. Dieter Althaus, Vice President of Governmental Affairs at Magna
International GmbH and former Minister President, to take his place on the
company's Supervisory Board.
Dr. Dirk Besse also informed the company today that he will resign from his
position at the end of the 2011 Annual General Meeting to fully concentrate
on his work as an attorney. Dr. Besse has been a member of the Supervisory
Board since 2009 and, as Vice-chairman of the Supervisory Board, has made a
significant contribution to the positive development of Silicon Sensor
International AG. He will remain available to our company in his role as an
attorney. The company's Supervisory Board proposes that the shareholders
appoint Dr. Helge Petersen, Managing Director of Petersen, Waldheim & Cie.
GmbH, Frankfurt am Main, to take his place on the company's Supervisory
Board. Dr. Petersen is a recognized capital market expert and his previous
positions include partner at the management consulting firm McKinsey and
the investment bank Wasserstein Perella & Co.
The full invitation to the Annual General Meeting including all other
agenda items will be available from April 29, 2011 at
www.silicon-sensor.com > Investor Relations > General Meeting.
For more information on the company, please visit www.silicon-sensor.com or
call us on: +49 (0)30/63 99 23-710.
Silicon Sensor International AG
Board of Directors
About Silicon Sensor:
Silicon Sensor International AG is a leading supplier of custom sensor
solutions for highly sophisticated requirements addressing life science,
manufacturing systems, automotive, security and aerospace industries. In
2010 Silicon Sensor achieved annual sales of EUR45.2 million, employing
more than 350 people worldwide. Founded 1991 in Berlin, Germany, Silicon
Sensor International AG has been listed on the Frankfurt Stock Exchange
since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN DE0007201907 Ι SIS]. For
further information please visit www.silicon-sensor.com.
20.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Silicon Sensor International AG
Peter-Behrens-Straße 15
12459 Berlin
Deutschland
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir@silicon-sensor.de
Internet: www.silicon-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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