Dr. Keith
Ferguson to join Dynex on February 5,
2018
Listing: TSX Venture Exchange
Symbol: DNX
LINCOLN, England, Jan. 31, 2018 /CNW/ - Dynex Power Inc.
(TSXV: DNX), a leading, high power semiconductor company, today
announces the appointment of Dr. Keith
Ferguson as the company's Chief Technology Officer,
effective February 5th,
2018. In this role, Dr. Ferguson will join the Dynex Senior
Leadership Team, report directly to the CEO, and lead the Lincoln
Research and Development Centre. He will have full
responsibility for engineering activities associated with Dynex's
new product introduction and product development, as well as the
associated technology developments in Lincoln. He will also
lead Dynex's growing collaboration with the recently-announced
Times Electric Innovation Centre in Birmingham, UK.
Dr. Ferguson joins Dynex from Teledyne-e2v, where he most
recently held the position of President of its RFPower Defence
division. Previously, he served on the Executive Committee of
Filtronic plc, and successfully led the sale of the company to
Teledyne Corporation. Dr. Ferguson holds a PhD in Electrical
and Electronic Engineering, an MSc in Microwave and Communication
Engineering, and a BSc (hons) in Electrical and Electronic
Engineering, all from the University of Leeds. He is a
Chartered Engineer and a Fellow of the Institution of Engineering
and Technology.
Commenting on the appointment, Clive
Vacher, President and CEO of Dynex, said, "It gives me great
pleasure to welcome Dr. Keith
Ferguson to Dynex as our new CTO. This appointment is
critical to the success of the company as we accelerate the release
to market of high-quality, industry-leading products and
technology. We are delighted to have been able to attract
such a seasoned leader from the electronics sector. Dr.
Ferguson's technical and commercial achievements speak for
themselves, and I have great confidence that he will further
strengthen our ability to lead the market in high-power
semiconductors."
Liu Ke'an, the Chairman of Dynex,
added, "We have been very impressed with Dr. Ferguson's track
record technically and commercially. His focus on quality,
speed-to-market, and technical excellence is coupled with strong
leadership characteristics that will be of great benefit to
Dynex. Dr. Ferguson's appointment adds additional strength to
Dynex management, and to what is shaping up to be a very
high-quality, dynamic, leadership team."
Forward-looking Statements
In commenting on its
expectations, the Company cautioned existing and potential
shareholders about relying on the Company's expectations in that
the Company's expectations contain forward looking statements and
assumptions which are subject to the risks and uncertainties of the
markets and the future, which could cause actual results to differ
materially from expectations, and which are each difficult and
subjective to forecast. Certain of those risks and uncertainties
are discussed in the Management's Discussion and Analysis for the
quarter ended March 31st , 2016 and
include, among other things, risks and uncertainties relating to:
the level of worldwide demand for power semiconductors and power
semiconductor assemblies; the level of investment in power
electronic equipment, electrification of transport systems,
alternative power generation and high quality power transmission
and distribution; and fluctuations in exchange rates between
Canadian Dollars, Sterling, US dollars and Euros. As a consequence
of these and other risks and uncertainties, shareholders and
potential investors must make their own independent judgments about
the accuracy and reliability of the Company's expectations. Dynex
disclaims any intention or obligation to update or revise any
forward looking statement whether as a result of new information,
future events or otherwise.
About the Company
Dynex designs and
manufactures high power bipolar semiconductors, high power
insulated gate bipolar transistor (IGBT) modules and die, high
power electronic assemblies and radiation hard silicon-on-sapphire
integrated circuits (SOS IC's). The company's power products are
used worldwide in power electronic applications including electric
power transmission and distribution, renewable and distributed
energy, marine and rail traction motor drives, aerospace, electric
vehicles, industrial automation and controls and power supplies.
The Company's IC products are used in demanding applications in the
aerospace industry. Dynex Semiconductor Ltd is its only operating
business and is based in Lincoln,
England in a facility housing the fully integrated silicon
fabrication, assembly and test, sales, design and development
operations. In 2008, a majority of the shares of Dynex were
acquired by Zhuzhou CSR Times Electric Co., Ltd. In April 2016 this company changed its name to
Zhuzhou CRRC Times Electric Co., Ltd.
Zhuzhou CRRC Times Electric Co., Ltd. is based in Hunan Province in the People's Republic of China. It is listed
on the Hong Kong Stock Exchange. CRRC Times Electric is mainly
engaged in the research, development, manufacture and sales of
locomotive train power converters, control systems and other
train-borne electrical systems, as well as the development,
manufacturing and sales of urban railway train electrical systems.
In addition, CRRC Times Electric is also engaged in the design,
manufacturing and sales of electric components including power
semiconductor devices for the railway industry, urban railway
industry and non-railway purposes.
Press announcements and other information about Dynex are
available at www.dynexpower.com.
Further information on CRRC Times Electric can be found at
www.timeselectric.cn/en
All monetary values expressed in this release are in Canadian
Dollars unless stated otherwise.
The TSX Venture Exchange has neither approved nor disapproved of
the information in this press release.
SOURCE Dynex Power Inc.