Louvain-la-Neuve, Belgium -- May 20, 2008. CISSOID, a leader in high temperature semiconductor solutions and the pioneer of Silicon-on-Insulator (SOI) products, announced today they completed a second round of investment with their initial investors. The main shareholders of CISSOID (VIVES, SRIW and SOITEC) confirmed their support to the growth strategy of the management by injecting additional capital in the company this month.
André-Jacques Auberton-Hervé, President & CEO at SOITEC stated “SOITEC decided to participate to the capital increase of CISSOID. We supported Cissoid from the beginning, as we perceive the strong potential of the company, especially in usage of SOI technologies. We want to renew this support in order to give the company the means to grow and materialize its strategy.”
Tony Denayer, President & CEO and Marc Van Pachterbeke, CFO at Cissoid added “We have ambitious plans to confirm our position as a reference supplier in the High Temperature Electronics market, to expand our product portfolio of high reliability monolithic semiconductor solutions, and expand our sales channels. Furthermore, we want to diversify into a larger spectrum of high temperature applications. The leadership of CISSOID in our traditional markets, Oil&Gas and Aerospace, is the flagship demonstrating the high reliability of our products, but other markets such as Automotive, Medical and Industrial applications start looking for reliable solutions above 150°C. CISSOID can solve their problem. We are currently discussing several partnership opportunities in these areas. With the continued confidence from our investors, CISSOID can prepare for a rapid growth phase.”
About Cissoid - www.cissoid.com
Cissoid is a leader in high temperature electronics providing monolithic semiconductor solutions, and the pioneer in Silicon-on-Isolator (SOI) products with over 20 years of background and R&D in SOI. As a leading fabless semiconductor company, Cissoid delivers standard products and custom solutions meeting high temperature requirements, primarily to the Oil & Gas, Aerospace and Automotive markets. Sopartec/Vives, SRIW and SOITEC are the main shareholders of Cissoid. Visit www.sopartec.com , www.vivesfund.com , www.sriw.be and www.soitec.com for more information.