Topsil enters into framework agreement with Xian Power Electronic Research Institute (PERI)

Topsil today signed a framework agreement with Chinese company Xian Power Electronic Research Institute (PERI) regarding supply of ultra-pure silicon for energy infrastructure projects in China. Topsil's ultra-pure silicon constitutes a critical part of HV-DC systems, which contribute to transforming and transporting large amount of electricity across large distances with minimum energy loss. The framework agreement is part of the implementation of Topsil's strategy to strengthen its position on select markets in Asia, including China. The agreement takes effect 2014-2017 and is included in Topsil's previously announced expectations for 2014. The agreement was signed during Her Majesty Queen Margrethe II of Denmark and His Royal Highness The Prince Consort of Denmark State Visit to China.


Chinese company PERI is a supplier of high voltage power components for the industrial and infrastructure solutions in China. This includes HV-DC (High Voltage Direct Current) transmission lines, which constitute a cornerstone in China’s energy infrastructure development. HV-DC-systems transform electricity from alternating current to direct current and allow for better energy utilisation, connection of green energy sources and reduction of CO2, compared to alternating current systems. China is expected to invest around DKK 620 billion in its domestic energy infrastructure over the next 5 years. 

”HV-DC systems in particular are suitable for energy transport across long distances. These systems are capable of handling higher voltage levels than alternating current systems. They are also cheaper and more energy efficient” explains Topsil CEO, Mr Kalle Hvidt Nielsen. ”High voltage levels are required for transport of electricity across long distances. The higher the voltage level, the lower the energy loss. Topsil’s ultra-pure silicon forms a critical part of HV-DC systems to regulate and control electricity and is capable of handling the highest voltage levels”. 

”China is one of our geographical focus markets. This market is important to Topsil as substantial energy infrastructure and transport investments are expected in the years to come”, he adds. ”China is in need of high performance ultra-pure silicon. We supply unique technology that contributes to the build-up of a modern, reliable and more environmentally friendly energy infrastructure in China”.

PERI is one of the leading Chinese manufacturers of high power components for various applications including high power HV-DC systems. They as such are a key supplier of components for HV-DC projects in China. Today’s signature closes a framework agreement between Topsil and PERI for the next four years and is included in Topsil’s previously announced expectations for 2014.

Topsil in brief
Topsil is a world leading supplier of ultrapure silicon to the global semiconductor industry. Engaging in long term relations with customers, Topsil focuses on premium quality, an efficient production process and a safe delivery of products. Silicon is used in electronic components to aid conversion and control of electrical power. Topsil provides ultrapure silicon mainly for the most demanding purposes, based on extensive knowledge and significant investments in new technology, facilities and equipment. Topsil is headquartered in Copenhagen Cleantech Park, is established in Denmark, Poland and Japan, and has sales representation in Asia and the US.

         Further information from Topsil management though Ms. Christina Fris Bjørling, Communications Manager, phone +45 21 52 10 11, cfb@topsil.com.
         
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Attachments

FINAL_UK_agreement_PERI.pdf