DGAP-News: AIXTRON SE / Key word(s): Mergers &
Acquisitions/Acquisition
AIXTRON acquires OLED encapsulation company PlasmaSi / Group targets
commercialization of novel thin-film encapsulation technology to
enable cost-efficient manufacturing of OLEDs
08.04.2015 / 08:35
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AIXTRON acquires OLED encapsulation company PlasmaSi
Group targets commercialization of novel thin-film encapsulation technology
to enable cost-efficient manufacturing of OLEDs
Herzogenrath/Germany, April 8, 2015 - AIXTRON SE (FSE: AIXA; NASDAQ: AIXG)
a leading provider of deposition equipment to the semiconductor industry,
today announced that it has acquired privately held Silicon Valley-based
PlasmaSi, Inc. effective April 1, 2015. The purchase price may reach up to
$16 million and will be paid in cash.
PlasmaSi enables the encapsulation of organic thin-films by depositing
ultra-thin and flexible barrier films through its proprietary technology
which are particularly well-suited for next-generation OLED* (Organic Light
Emitting Diode) display products including mobile phones, hand-held
devices, tablets, wearables and large screen HDTV. While initially designed
and targeted for those applications, PlasmaSi's technology can also be used
to manufacture large area OLED lighting products as well as to address
future opportunities in encapsulation markets. AIXTRON will integrate
PlasmaSi's thin-film encapsulation process into its existing OLED cluster
for customer demonstration purposes.
"While increasingly expanding our business focus towards OLED in the coming
years, we were looking to broaden our technology portfolio as well as to
strengthen our customer access by adding PlasmaSi to our product
portfolio", comments Martin Goetzeler, President and CEO of AIXTRON SE.
"Thin-film encapsulation is an essential process step for OLED high volume
manufacturing, specifically for flexible devices. In combining our OVPD
technology with PlasmaSi's innovative approach, we will be able to add
significant value in the production of flexible OLED applications."
Adam Kablanian, CEO and Chairman of the Board of PlasmaSi, explained: "We
are delighted that we have found a strong partner in AIXTRON, a company
that has an impressive track record in the successful commercialization of
deposition technologies in the semiconductor equipment industry. Therefore,
joining forces with AIXTRON is the best option for us and we are now
looking forward to take our technology to the next level together. Thereby,
we will strongly benefit from AIXTRON's R&D and production capabilities as
well as from its worldwide sales, service and support network."
* Organic Light Emitting Diode (OLED): A light-emitting diode (LED) in
which the emissive electroluminescent layer is a film of organic compound
which emits light in response to an electric current.
Contact:
Guido Pickert
Investor Relations and Corporate Communications
T: +49 (2407) 9030-444
F: +49 (2407) 9030-445
invest@aixtron.com
About AIXTRON
AIXTRON SE is a leading provider of deposition equipment to the
semiconductor industry. The Company was founded in 1983 and is
headquartered in Herzogenrath (near Aachen), Germany, with subsidiaries and
sales offices in Asia, United States and in Europe. AIXTRON's technology
solutions are used by a diverse range of customers worldwide to build
advanced components for electronic and opto-electronic applications based
on compound, silicon, or organic semiconductor materials. Such components
are used in a broad range of innovative applications, technologies and
industries. These include LED applications, display technologies, data
storage, data transmission, energy management and conversion,
communication, signaling and lighting as well as a range of other
leading-edge technologies.
Our registered trademarks: AIXACT(R), AIXTRON(R), Atomic Level
SolutionS(R), Close Coupled Showerhead(R), CRIUS(R), Gas Foil Rotation(R),
OVPD(R), Planetary Reactor(R), PVPD(R), TriJet(R)
For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ:
AIXG, ISIN US0096061041) please visit our website at: www.aixtron.com.
About PlasmaSi
PlasmaSi, Inc. provides silicon nitride deposition systems. It offers
OptaCap(TM), a plasma enhanced chemical vapor depositions system that
produces ultra-thin and flexible barrier films through deposition process.
The company provides deposition systems for display and lighting products.
PlasmaSi, Inc. was founded in 2009 and is based in Fremont, California,
USA.
Forward-Looking Statements
This document may contain forward-looking statements regarding the
business, results of operations, financial condition and earnings outlook
of AIXTRON within the meaning of the safe harbor provisions of the US
Private Securities Litigation Reform Act of 1995. These statements may be
identified by words such as "may", "will", "expect", "anticipate",
"contemplate", "intend", "plan", "believe", "continue" and "estimate" and
variations of such words or similar expressions. These forward-looking
statements are based on our current views and assumptions and are subject
to risks and uncertainties. You should not place undue reliance on these
forward-looking statements. Actual results and trends may differ materially
from those reflected in our forward-looking statements. This could result
from a variety of factors, such as actual customer orders received by
AIXTRON, the level of demand for deposition technology in the market, the
timing of final acceptance of products by customers, the condition of
financial markets and access to financing for AIXTRON, general conditions
in the market for deposition plants and macroeconomic conditions,
cancellations, rescheduling or delays in product shipments, production
capacity constraints, extended sales and qualification cycles, difficulties
in the production process, the general development in the semi-conductor
industry, increased competition, fluctuations in exchange rates,
availability of public funding, fluctuations and/or changes in interest
rates, delays in developing and marketing new products, a deterioration of
the general economic situation and any other factors discussed in any
reports or other announcements filed by AIXTRON with the U.S. Securities
and Exchange Commission. Any forward-looking statements contained in this
document are based on current expectations and projections of the executive
board and on information currently available to it and are made as at the
date hereof. AIXTRON undertakes no obligation to revise or update any
forward-looking statements as a result of new information, future events or
otherwise, unless expressly required to do so by law.
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Language: English
Company: AIXTRON SE
DornkaulstraÃe 2
52134 Herzogenrath
Germany
Phone: +49 (2407) 9030-0
Fax: +49 (2407) 9030-40
E-mail: invest@aixtron.com
Internet: www.aixtron.com
ISIN: DE000A0WMPJ6, US0096061041, DE000A14KS91
WKN: A0WMPJ, A0D82P, A14KS9
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Terminbörse EUREX; Nasdaq
End of News DGAP News-Service
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341817 08.04.2015
DGAP-News: AIXTRON acquires OLED encapsulation company PlasmaSi / Group targets commercialization of novel thin-film encapsulation technology to enable cost-efficient manufacturing of OLEDs
| Source: EQS Group AG