March 4, 2015 - Planar Semiconductor in Talks with Multiple Prospective Strategic Investors
Planar Semiconductor AG (Hamburg Stock Exchange Symbol: PSC) announced today that it is in talks with three major companies active in the semiconductor equipment sector.
Rob Randhawa, CEO and founder of Planar, said: “Over the past few months, Planar has been actively seeking a corporate investor which would make a significant investment in our company and provide Planar with invaluable assistance in achieving our rapid growth plan. At this time, one of these prospects has already indicated that it intends to present to Planar in the near future a funding proposal incorporating full financing for the completion of our order on hand and another one pending as well as for Planar’s operations during the next year and beyond. I am hopeful that at least one of our other two prospects will present its funding proposal soon, too.”
Planar is the technology leader in wafer cleaning and surface preparation systems for the global semiconductor industry. Its website is www.planarsemiconductor.com.