Dynex Power Inc. Director Vindicated by OSC



    Listing: TSX Venture Exchange
    Symbol: DNX

    Decision Validates Dynex's High Regard for Debbie Weinstein

    LINCOLN, England, Feb. 1 /CNW Telbec/ - Dynex Power Inc. ("Dynex") Dynex
released the following statement in relation to the recent unanimous decision
of the Ontario Securities Commission in favour of one of its directors,
Deborah Weinstein.
    Ms. Weinstein was charged in February 2007 as a board member of AiT
Advanced Information Technologies Corporation with failing to disclose merger
negotiations which were ongoing between AiT and 3M Corporation during the
period April 25, 2002 and May 9, 2002 as such negotiations constituted a
"material change" and therefore a discloseable event. The proposed transaction
was announced by the parties on May 23, 2002 after both companies approval
process were complete and a definitive agreement was executed. In a recent
decision, the Commission unanimously concluded that a "material change" of AiT
did not occur during the period in question, and accordingly AiT was not
required to disclose the merger negotiations during the period. As a result
the action against Ms Weinstein was dismissed.
    A spokesman for Dynex commented, "This clear and decisive victory removes
any suggestion that Ms Weinstein may have had to resign as a director of
Dynex. This is excellent news for Dynex and its shareholders. Ms Weinstein is
our longest serving director, and this outcome demonstrates in another arena
the integrity and quality of advice she has provided over the years to Dynex
on good governance and on commercial matters. We are very pleased she has been
completely vindicated."

    The TSX Venture Exchange has not reviewed this announcement in advance of
    its release.

    About the Company

    Dynex is one of the world's leading independent suppliers of specialist,
high power semiconductor products. Dynex Semiconductor Ltd is its operating
business and is based in Lincoln, England in a facility housing the fully
integrated silicon wafer fabrication, assembly and test, sales, design and
development operations. Dynex designs and manufactures high power bipolar
discrete semiconductors, power modules, including insulated-gate bipolar
transistors (IGBTs), and high power electronic assemblies. Dynex products are
used world wide in power electronic applications including electric power
generation, transmission and distribution, marine and rail traction drives,
aircraft, electric vehicles, industrial automation and controls. The company
continues to produce and sell certain high reliability integrated circuits
(ICs) for use in specialist applications led by its proven radiation hard
Silicon-on-Sapphire products for space and nuclear applications.

    The TSX-Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Press announcements and other information about Dynex are available on
the World Wide Web at http://www.dynexsemi.com.
    %SEDAR: 00010667E




For further information:

For further information: Dr. Paul Taylor, President and Chief Executive
Officer; Bob Lockwood, Finance Director and Chief Financial Officer, Dynex
Power Inc., +44 1522 500 500, investorrelations@dynexsemi.com


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