EANS-News: ams AG ams divests LED backlight technology and product portfolio
to Dialog Semiconductor
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Premstaetten - Premstaetten, Austria (15 November 2017) -- ams (SIX: AMS), a
leading worldwide supplier of high performance sensor solutions, has announced
today that it has divested its LED backlight technology and product portfolio to
Dialog Semiconductor through an asset transaction.
As part of the transaction, Dialog has also acquired specific ams intellectual
property rights. The acquired LED backlight integrated circuits (IC) portfolio
is already in volume production with Asia Pacific TV manufacturers. The
transaction is now closed, with the commercial terms of the deal undisclosed.
The related revenues are not material to ams' business.
Alexander Everke, CEO of ams, commented on the announcement, "We continue to
implement our clearly defined strategy concentrating on the four sensing focus
areas of optical, imaging, environmental, and audio sensing. This includes
actively managing our technology and business portfolio on an ongoing basis."
Further inquiry note:
Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com
end of announcement euro adhoc
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issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
indexes:
stockmarkets: SIX Swiss Exchange
language: English