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PSi TECHNOLOGIES IS NOW A QS-9000 CERTIFIED PLANT
Metro Manila, Philippines, PSi Technologies Inc., announced that its main plant in Taguig City, Metro Manila, Philippines was awarded its QS-9000 certification. The certification was awarded by TUV Product Service Asia Pacific Pte. Ltd. a subsidiary of the TUV Suddeutschland Group, which is one of the most reputable QS 9000 certifying firms in the world. This new quality milestone qualifies PSi to serve the demanding requirements of global automotive manufacturers such as Ford, Chrysler, and General Motors, and secures its place as a preferred service provider for the major power semiconductor companies in the world such as Philips, On Semiconductor, Infineon, STMicroelectronics, International Rectifier, Fairchild Semiconductor, and Power Integrations.

 

PSI TECHNOLOGIES HOLDS SECOND SUPPLIERS' DAY
Metro Manila, May 26, 2000. PSi Technologies Inc. (NASDAQ: PSIT) held its second annual Suppliers Day at the Hyatt Regency Hotel in Manila, to pay tribute to its outstanding suppliers and to update them about the recent developments in the company. The event was also held as a way to enhance the company's relationship with all of its material and equipment suppliers, who are considered essential partners in the growth and development of PSi in its business. Awarded plaques of appreciation were Hereaeus Electronics Materials Philippines, Inc., Gotoh Manufacturing Co. Ltd., Alto Chemicals, Yosiko Industries, F&K Delvotec, and Korean Tool Engineering Co., Ltd. The "Best Supplier" award went to Dexter Corporation, a supplier of modling compounds, and, ESEC Corporation, a supplier of Diebonding equipment. "Best Supporting Supplier" was given to MRM Tool and Die Master, a supplier of Mold DTF parts.

 

PSi TECHNOLOGIES GEARS UP FOR EXPANSION
Santa Clara, CA, April 18, 2000. After a successful Initial Public Offering of their American Depositary Shares at the Nasdaq National Market, PSi Technologies Holdings Inc. (Nasdaq: PSIT) announced yesterday that it has used part of the $ 59.9 million net proceeds from the IPO to pay down $ 19.3 million short and long term debt, and now has about $ 40.6 million in cash to finance capacity expansion. The company's capital expenditures budget for the ensuing year amounts to $ 23.3 million. These capital expenditures will consist of purchases of assembly and test equipment for PSi's two manufacturing facilities in Taguig, Metro Manila and Canlubang, Laguna, both in the Philippines.

 

PSi TECHNOLOGIES HOLDINGS, INC. COMPLETES INITIAL PUBLIC OFFERING
Shares Priced at $16 Per Share

Santa Clara, CA, March 16, 2000 -PSi Technologies Holdings, Inc. (Nasdaq: PSIT) announced today the initial public offering of 3,500,000 shares of its common stock at $16 per share. All of the shares were offered by PSi Technologies Holdings, Inc. Chase H&Q lead managed the underwriting of the offering with Robertson Stephens and Thomas Weisel Partners serving as co-managers. The representatives of the underwriters have the option of purchasing an additional 525,000 shares to cover over-allotments. PSi Technologies Holdings, Inc. is the first Philippine company to be listed on the Nasdaq. The Company is a focused independent semiconductor assembly and test service provider to the power semiconductor market. PSi Technologies provides comprehensive package design, assembly and test services for power semiconductors used in telecommunications and networking systems, computer peripherals, consumer electronics, electronic office equipment, automotive systems, and industrial products. In step with the industry trend toward outsourcing, semiconductor manufacturer customers look to PSi Technologies for cost savings and other strategic advantages.

 

 

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