Elmos Semiconductor SE — M&A Activity 2002

Mar 13, 2002

News Details

Ad-hoc | 13 March 2002 12:19

ELMOS Semiconductor AG english

ELMOS: New Airbag Chip-set for Temic Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– ELMOS: New Airbag Chip-set for Temic The ELMOS Semiconductor AG (NM: ELG) received from Temic GmbH (shareholders are 60% Continental Teves and 40% DaimlerChrysler) the order to develop a new chip- set for safety restraint systems (belt tensioner and airbags). After a successful development of the 4 asics sales contributions can be expected starting in 2004 with EUR 8 million and growing up to EUR 16 million per annum. This development contract demonstrates ELMOS’ capability to grow its core competence “electronics for automotive safety”. In parallel to Temic’s project, developments of chip-sets for Autoliv and ASL-Takata are in progress. Contact: ELMOS Semiconductor AG; Heinrich-Hertz-Str. 1; 44227 Dortmund; Germany Phone: +49 – 231-7549-0; Fax: +49 – 231-7549-548; invest@elmos.de; http://www.elmos.de end of ad-hoc-announcement (c)DGAP 13.03.2002 ——————————————————————————– WKN: 567710; ISIN: DE0005677108; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 131219 Mär 02