Copenhagen, 2015-01-05 15:59 CET (GLOBE NEWSWIRE) -- Topsil and one of its major customers today signed an agreement for a two-year extension of the current long term agreement on sales of float zone wafers until and including 2017.
In order to further build upon their good cooperation, Topsil and its customer have concluded an agreement which amongst others entails that the customer will meet its agreed purchase commitment which it has not been capable of meeting throughout the original contract period due to the current state of the market. As part of the agreement, the customer will contribute to cover the cash related effect of the extension.
The agreement will not have any impact on the expectations for 2014.
Med venlig hilsen/ Best regards
Topsil Semiconductor Materials A/S
Jens Borelli-Kjær Kalle Hvidt Nielsen
Chairman Chief Executive Officer
Please note that this translation is provided for convenience only. The Danish version shall prevail in case of discrepancies.
Any queries regarding this stock exchange announcement may be addressed to the company's CEOthrough Christina Fris Bjørling, Communications Manager, tel.: +45 2152 1011.
