Listing: TSX Venture Exchange
LINCOLN, England, Dec. 17 /CNW Telbec/ - Dynex Power Inc. today announced that it intends to hold a conference call for the investment community on Monday, December 21st, 2009 at 09:00 Eastern Time.
The call is intended to provide Dynex investors with the opportunity to hear from Mr. Lu Penghu, Chairman of Dynex Power Inc. and President of Times Electric Group (TEG), Dynex's controlling shareholder. Mr. Lu will speak about Dynex's upgrade and expansion of manufacturing facilities, which has led to the rights issue currently being offered. TEG has stated that it intends to fully exercise its rights to purchase additional shares of Dynex, pursuant to the company's prospectus dated November 23rd, 2009. The call will also include a question period, during which investors will be able to ask questions to representatives of TEG, as well as senior management of Dynex.
The call-in numbers for participants are 647-427-7450 or 888-231-8191. A live audio feed of the call will also be available on the Internet at:
A replay of the call will be available from 12:00 Eastern Time on December 21st, 2009 until 23:59 Eastern Time on December 30th, 2009. To access the replay, call 416-849-0833 or 800-642-1687, enter pass code number 47530388, and then press the pound (Number sign) key. The replay can also be accessed over the Internet at the above address.
About the Company
Dynex designs and manufactures high power bipolar semiconductors, high power insulated gate bipolar transistor (IGBT) modules, high power electronic assemblies and radiation hard silicon-on-sapphire integrated circuits (SOS IC's). The company's power products are used worldwide in power electronic applications including electric power transmission and distribution, renewable and distributed energy, marine and rail traction motor drives, aerospace, electric vehicles, industrial automation and controls and power supplies. Its IC products are used in demanding applications in the aerospace industry. Dynex Semiconductor Ltd is its only operating business and is based in Lincoln, England in a facility housing the fully integrated silicon fabrication, assembly and test, sales, design and development operations. Dynex is majority owned by Zhuzhou CSR Times Electric Co., Ltd.
Zhuzhou CSR Times Electric Co., Ltd. is based in Hunan Province in the People's Republic of China. It is listed on the Hong Kong stock exchange. CSR Times Electric is mainly engaged in the research, development, manufacture and sales of locomotive train power converters, control systems and other train-borne electrical systems, as well as the development, manufacturing and sales of urban railway train electrical systems. In addition, CSR Times Electric is also engaged in the design, manufacturing and sales of electric components including power semiconductor devices for the railway industry, urban railway industry and non-railway purposes.
Press announcements and other information about Dynex are available at www.dynexsemi.com.
Further information on CSR Times Electric can be found at www.timeselectric.cn/en
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Dynex Power Inc.
For further information: For further information: Dr. Paul Taylor, President and Chief Executive Officer or Bob Lockwood, Finance Director and Chief Financial Officer, Dynex Power Inc., Tel: +44 1522 500 500, Email: firstname.lastname@example.org