Invest in Cleantech

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Wednesday, July 01, 2009

Green Car News - IXYS (NASDAQ:IXYS) Announces Taking Delivery of the Tesla Electric Car

Green Car News - IXYS (NASDAQ:IXYS) Announces Taking Delivery of the Tesla Electric Car

BIEL, Switzerland & MILPITAS, Calif.--July 1, 2009 --IXYS Corporation (NASDAQ:IXYS) announced that it has taken delivery of a Tesla electric vehicle (“EV”). As part of IXYS’s global initiative to support the “Cleantech” industry and reduce its CO2 footprint, IXYS ordered the Tesla EV. IXYS’s power MOSFETs, IGBTs and bipolar power products have been used for the last 20 years in the power trains of worldwide, state-of-the-art, electric mass transportation applications, including electric trains, electric locomotives, electric hybrid trains, electric driven fork lifts and power substations for electric trains. Most notably, IXYS’s power semiconductors were part of the technological development of General Motors’ (“GM”) EV1 zero emissions vehicle “Impact” that was introduced by GM in the early 1990s. With the recent resurgence of the EV industry, both in California and globally, and the confidence in the quality of the new generation of these EVs, IXYS decided to support this industry by ordering and taking delivery of the Tesla Roadster EV.

“It is important for us to support local companies by buying their products which will reduce our CO2 emissions and our dependence on foreign oil. We want to see more Silicon Valley based Hi-Tech companies supporting the local EV industry, which will then expand worldwide,” commented Uzi Sasson, IXYS’s Chief Financial Officer and Chief Operating Officer. “If each Silicon Valley CEO purchases an EV, we can blaze the trail for a better environment and create the demand that is critical to making the cars and the technology more affordable.”

Dr. Nathan Zommer, Chief Executive Officer of IXYS Corporation, added, “We have been active participants in the development of the EV technology, as we did for GM during our collaboration in the 1989-90 time frame. IXYS GmbH had been part of the demonstration of EV technology more than 20 years ago in Germany. We assisted with our power MOSFETs and IGBTs in the development of solar powered EVs that achieved range and durability records in 1992. We have been active in the developments of advanced power semiconductors and packaging for this industry worldwide, especially in Europe, Korea, North America and China.”

Additional product information may be obtained by visiting IXYS website at http://www.ixys.com or by contacting the company directly.

ABOUT IXYS CORPORATION

Since its inception in 1983, IXYS Corporation has been developing technology-driven products to improve power conversion efficiency, generate solar and wind power and provide efficient motor control for industrial applications. IXYS and its subsidiary companies offer a diversified product base that addresses worldwide needs for power control, electrical efficiencies, renewable energy, telecommunications, medical devices, flexible displays and RF power.

Safe Harbor Statement

Any statements contained in this press release that are not statements of historical fact, including the performance, rating, availability, reliability, and suitability of products for various applications, may be deemed to be forward-looking statements. There are a number of important factors that could cause the results of IXYS to differ materially from those indicated by these forward-looking statements, including, among others, risks detailed from time to time in the Company's SEC reports, including its Annual Report on Form 10-K for the year ended March 31, 2009 and our other filings with the SEC. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.

Contacts IXYS CorporationUzi Sasson, 408-457-9000sales@ixys.net Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
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