Ad-hoc | 29 June 2011 13:45
Silicon Sensor International AG / Key word(s): Letter of Intent
29.06.2011 13:45
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Ad hoc notification in compliance with Art. 15 WpHG (German Securities
Trading Act)
Silicon Sensor International AG, Peter-Behrens-Str. 15, D-12459 Berlin
Frankfurt Stock Exchange, Prime Standard
WKN (German securities identification code): 720190, ISIN DE0007201907
Significant contract extension with major customer
Sales of up to 50 million euros
Berlin, June 29, 2011
Microelectronic Packaging Dresden GmbH, a wholly owned subsidiary of
Silicon Sensor International AG (Silicon Sensor), today signed a nomination
letter with a well-known automobile supplier. The aim of the agreement is
to significantly expand the successful cooperation that began back in 2008.
The subject matter of the contract is the production of a sensor module for
steering angle detection. Over the next three years, the annual number of
units to be delivered is to be more than doubled and, at the same time, the
contract term extended ahead of time by four years until 2016.
At the present time, the Board of Directors expects that the contract for
the term until 2016 will comprise a sales volume of up to 50 million euros.
The notification letter signed today strengthens the Silicon Sensor's
growth forecast of achieving sales totaling at least 100 million euros by
2015. Furthermore, it is confirmation of the strategic direction of
offering customers complete added value when it comes to sensor solutions -
from single sensor components through to complete sensor systems. Together
with Silicon Sensor's innovative strength and high quality demands, this is
to form the basis for the acquisition of further major orders.
For more information on the company, please visit www.silicon-sensor.com or
call us on Tel.: +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.
29.06.2011 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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