Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
– 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.“
end of announcement euro adhoc
issuer: ams AG
Tobelbader Strasse 30
phone: +43 3136 500-0
FAX: +43 3136 500-931211
stockmarkets: SIX Swiss Exchange
Digital press kit: http://www.ots.at/pressemappe/2901/aom
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