EANS-News: ams AG
ams divests LED backlight technology and product portfolio
to Dialog Semiconductor
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- No Keyword 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 -------------------------------------------------------------------------------- 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
Original content of: ams AG, transmitted by news aktuell