Dynex Participates in New Strategy for UK Power Electronics


Lincoln, England, October 18th, 2011 - Dynex Semiconductor Ltd a leading specialist high power semiconductor company today participated in a meeting at the BIS Conference centre in London which was attended by over 70 key people from the UK power electronics industry, academia and government. The meeting was addressed by Mark Prisk, the UK Minister for Business, who launched a new strategy for the UK Power Electronics Industry.

The new five to ten-year strategy, which has been created by the industry and academia, supported by the Government, aims to address the main challenges in the sector and establish a foundation for ambitious but sustainable long-term growth. Throughout the planning process, Dynex Semiconductor has been a key contributor and part of the core team that advised the UK government and prepared the detail of the new strategy.

During the launch event, the Business Minister Mark Prisk said "We have world-leading, globally recognised companies working on power electronics here in the UK, but it's not recognised as one of our strengths, I want to make sure we change that. With the potential to make real savings in energy usage on everyday products and reduce our carbon footprint, this is a real growth industry. That's why this strategy is so important, not only making sure that we have the people and the skills to keep our world-leading position but to make sure the sector can grow and celebrate its success" 

Whilst at the event the Minister spoke with Paul Taylor, Chief Executive of Dynex, and took a strong interest in the new IGBT and Thyristor products being introduced by Dynex at its Lincoln-based business. 

Dr Taylor said "The Power Electronics Strategy Launch event was very well attended by leading power electronics businesses and academia from around the UK, which endorsed the belief that the UK has a world-leading capability in the Power Electronics sector. It was very pleasing to hear from Mark Prisk and to gain his support for our sector".

For more information:

Dr. Paul Taylor
President and Chief Executive Officer
Bob Lockwood
Finance Director and Chief Financial Officer
Dynex Power Inc.
Tel: UK +44 1522 500 500
Email: investorrelations@dynexsemi.com