Listing: TSX Venture Exchange
LINCOLN, England, April 17, 2012 /CNW/ - Dynex Power Inc. (TSXV: DNX) , a leading specialist high power semiconductor company, today announced that it has retained the services of Philip Koven & Associates ("PK&A") to provide investor relations services.
PK&A will provide advice on investor relations strategy, investor meetings and presentations and news releases. In consideration for these services, Dynex has agreed to pay $300 per hour for time spent in providing the services.
PK&A was engaged on April 12, 2012 for a minimum of 12 months. Either party may terminate or amend the terms of the engagement following the minimum period upon 30 days notice.
PK&A is a private firm specializing in investor & public relations and strategic communications. To the knowledge of Dynex, PK&A does not have any interest, directly or indirectly, in Dynex or its securities, or any right or intent to acquire such an interest.
The appointment of PK&A remains subject to TSX Venture Exchange Approval.
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. Our 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
All monetary values expressed in this release are in Canadian Dollars unless stated otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Dr. Paul Taylor
President and Chief Executive Officer
Finance Director and Chief Financial Officer
Dynex Power Inc.
Tel: +44 1522 500 500