Listing: TSX Venture Exchange
Symbol: DNX
Reliability, efficiency and operating
performance winning new orders
LINCOLN, England, Oct. 31, 2018 /CNW/ - Dynex Power Inc.
(TSXV: DNX), a leading manufacturer of high power semiconductors
and electronic equipment, is pleased to announce the launch of
industry-leading high-power IGBT module technology, thereby
refreshing the company's state-of-the-art IGBT
offerings. These new modules cover a full range of power, up
to 6.5kV at 1000A, 4.5kV at 1500A and 3.3kV at 1800A, and
incorporate a choice of DMOS or latest-generation Trench-Gate
technology.
The new Dynex high-power range includes IGBT modules, and
associated diode modules with class-leading RBSOA performance,
offering the following advantages over competitor products:
- Latest Generation Trench-Gate designs: offering up to
30% greater power density, incorporating Dynex-proprietary LOCOS
gate technology.
- Chip options for performance optimization: a choice of
up to 3 chip types per voltage level, allowing for exact tailoring
and optimization of modules to specific customer applications.
- The most robust module package: ensuring the safest
energy containment and protection of the surrounding environment,
should there be an unplanned event in the power electronics
system.
- 150ºC operating junction temperature: demonstrated
best-in-class junction temperature, providing significant operating
headroom for greater durability.
- Demonstrable lowest total losses of any module on the
market: up to 10% lower losses than the next-closest competitor
product, in a typical 2-level, 3-phase inverter.
Dr. Keith Ferguson, Dynex Chief
Technology Officer commented, "These product releases are a
culmination of several years of intense development of cutting-edge
high-power semiconductors at Dynex. In addition to launching
products that outperform our competitors and set a new benchmark
for the industry, our strategy has focused on tailoring the
performance of our IGBT modules to specific customer requirements.
Therefore, not only are we announcing a brand new product range
today, but we have also designed these products so that our
customers can choose from a range of chip sets, ensuring the very
highest efficiency and reliability for their specific applications.
We are already working closely with a number of companies worldwide
to bring them the benefits of selecting Dynex IGBTs, and expect
this customer base to widen significantly in the coming
months."
Mr. Clive Vacher, President and
Chief Executive Officer, added, "With these new high-power IGBT
modules, Dynex is aiming to have the highest-technology, most
robust, product range in the industry. This market-leading
technology is ready now, and has undergone extensive testing in
some of the harshest conditions possible. We are in active
discussions with customers on application of these modules in
next-generation high-speed rail traction designs, as well as
several power grid and industrial applications.
"I am delighted to see how the market is responding: in the past
3 months, our IGBT modules have won competitive bids from major
international rail traction and power grid companies, based on our
combination of cutting-edge technology, reliability and excellent
commercial terms. In total for this 90-day period, we have secured
sample or production IGBT orders from a total of 8 significant new
and existing customers in Asia,
Europe and the USA.
"Last year, as part of our strategic review, I pledged that
Dynex would rapidly become the industry's technology leader. Today,
we have completed a major step towards achieving my pledge. With
our commitment to continuous innovation, and focus on providing
enabling technology solutions to our customers, we will demonstrate
further product developments on an ongoing and frequent basis."
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.