Palo Alto, CA – November 11, 2010
Woodside Capital Partners International LLC is pleased to announce that it acted as a financial advisor to SemiSouth Laboratories, Inc., a Mississippi-based manufacturer of high-voltage silicon-carbide (SiC) semiconductor devices, on its recent strategic investment from Power Integrations.
Power Integrations announced a commitment of $30 million, which includes an equity investment in SemiSouth, a technology license and other financial commitments, that will help drive the continued expansion of SemiSouth’s SiC fabrication facility and spur continued growth of clean-tech jobs in Mississippi. The companies will collaborate to drive adoption of SemiSouth’s SiC technology , which enables ultra-efficient power conversion for solar and wind inverters, hybrid/electric vehicles and other applications that benefit from exceptionally high energy efficiency.
About SemiSouth Laboratories
SemiSouth, a privately owned corporation with offices in Starkville, Mississippi, focuses on SiC power devices and electronics. It was formed in 2000 and has sold products globally through direct sales or distributors since 2005. It introduced the world’s first commercial, cost-effective normally-off SiC JFET in 2008, enabling world-record energy (over 99%) efficiency for its customers’ products in solar inverters. SemiSouth has also been recognized as a leader in energy-efficient and/or harsh-environment solutions for customers in solar, industrial power supplies, wind, electric vehicles, military-aerospace, and other key markets. More information can be obtained from its website, www.semisouth.com.
About Power Integrations
Power Integrations is the leading supplier of high-voltage integrated circuits used in energy-efficient power conversion. The company’s innovative technology enables compact, energy-efficient power supplies in a wide range of electronic products, in AC-DC, DC-DC and LED lighting applications. Since its introduction in 1998, Power Integrations’ EcoSmart energy-efficiency technology has saved an estimated $4.4 billion of standby energy waste and prevented millions of tons of CO2 emissions. The company’s Green Room web site provides a wealth of information about “energy vampires” and the issue of standby energy waste, along with a comprehensive guide to energy-efficiency standards around the world. Reflecting the environmental benefits of EcoSmart technology , Power Integrations is included in clean- technology stock indices sponsored by the Cleantech Group (Amex: CTIUS) and Clean Edge (Nasdaq: CELS). For more information, please visit www.powerint.com.