PSi Technologies Files Form 20-F/A and Cures Nasdaq Filing Deficiency
18 Agosto 2006 - 4:05PM
PR Newswire (US)
MANILA, Philippines, Aug. 18 /PRNewswire-FirstCall/ -- PSi
Technologies Holdings, Inc., (NASDAQ:PSIT), a leading independent
provider of assembly and test services for the power semiconductor
market, today announced that it has received a Nasdaq Staff letter
indicating that the Form 20-F filing delinquency, which was the
subject of a prior Nasdaq Staff Determination letter, has been
cured and the previously scheduled delisting hearing with the
Nasdaq Listing Qualifications Panel is considered moot. On August
16, 2006, the Company filed its Annual Report on Form 20-F/A for
the year ended December 31, 2005. About PSi Technologies PSi
Technologies is a focused independent semiconductor assembly and
test service provider to the power semiconductor market. The
Company provides comprehensive package design, assembly and test
services for power semiconductors used in telecommunications and
networking systems, computers and computer peripherals, consumer
electronics, electronic office equipment, automotive systems and
industrial products. Their customers include most of the major
power semiconductor manufacturers in the world such as Infineon
Technologies, ON Semiconductor, Philips Semiconductor, and ST
Microelectronics. For more information, visit the Company's web
site at http://www.psitechnologies.com/ or call: At PSi
Technologies Holdings, Inc.: At Financial Relations Board: Thelma
G. Oribello Erin Cox (63 2) 838 44 89 (310) 854 8319 Safe Harbor
Statement This press release contains forward-looking statements
that involve risks and uncertainties. Actual results and outcomes
may differ materially. Factors that might cause a difference
include, but are not limited to, those relating to the pace of
development and market acceptance of PSi's products and the power
semiconductor market generally, commercialization and technological
delays or difficulties, the impact of competitive products and
technologies, competitive pricing pressures, manufacturing risks,
the possibility of our products infringing patents and other
intellectual property of third parties, product defects, costs of
product development, manufacturing and government regulation, risks
inherent in emerging markets, including but not limited to,
currency volatility and depreciation, restricted access to
financing and political and social unrest and the possibility that
the initiatives described herein may not produce the intended
results. PSi undertakes no responsibility to update these
forward-looking statements to reflect events or circumstances after
the date hereof. More detailed information about potential factors
that could affect PSi's financial results is included in the
documents PSi files from time to time with the Securities and
Exchange Commission. DATASOURCE: PSi Technologies Holdings, Inc.
CONTACT: Thelma G. Oribello of PSi Technologies Holdings, Inc., (63
2) 838 44 89, ; or Erin Cox of Financial Relations Board,
+1-310-854-8319, , for PSi Technologies Holdings, Inc. Web site:
http://www.psitechnologies.com/
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