Dynex Power Announces $2.3 million Order


Lincoln, England, August 31st, 2006 – Dynex Power Inc., a leading, independent power semiconductor company, today announced that it had received an order from Converteam Ltd. valued at more than $2.3 million.

Dynex will be supplying IGBT’s, thyristors and high power semiconductor assemblies to Converteam, previously known as Alstom Power Conversion Ltd., for use in the Royal Navy Type 45 Destroyer programme. Dynex has already supplied parts for the first four ships being built. The latest order is for the supply of parts to the last two of the six ships that have been requisitioned. Deliveries will commence next month and will run until the end of 2007.

Paul Taylor, President and Chief Executive Officer, added “the first of the Type 45 destroyers was launched in February of this year and we are proud that Dynex products are being used in the electric propulsion systems that drive the 20MW motors. The use of our IGBTs for efficient high power motor drives is important for Dynex and we are particularly pleased with this opportunity to continue working with Converteam, a leading supplier of electric power and propulsion packages for the naval market”

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: paul_taylor@dynexsemi.com