IXYS Corporation, a provider of technology-driven
products to improve energy conversion efficiency, generate clean energy,
improve automation, and provide advanced products for the transportation,
medical and telecommunications industries, has reported record cash of $105
million at the quarter ending September 2012.
Following this, the company declared quarterly cash
dividend on its common stock of $0.03 per share.
“At the end of September 2012, we had record cash of $105
million, marking the second consecutive quarter of record cash for IXYS,” said
Uzi Sasson, president and CFO, IXYS Corporation. “Over the years, we have seen
growth in cash through profitable operations, which reflects the financial
efficiency of our business model.”
“Focused on technological innovation, product
diversification and streamlined operations, we expect IXYS will continue its
pattern of cash generation and profitability,” Sasson added. “We appreciate our
long-standing shareholders and recognize the importance of sharing in the
profits of the company.”
IXYS, with its subsidiaries, is develops power
semiconductors, solid-state relays, high voltage integrated circuits (HVIC) and
microcontrollers that are necessary in conserving energy and in reducing the
world’s dependence on fossil fuels.
IXYS’ power semiconductors and mixed-signal
integrated circuits (IC) play a vital role in reducing energy costs and
consumption by optimizing the energy efficiency of everyday products