July 1, 2011 — Silicon Sensor International AG’s wholly owned subsidiary Microelectronic Packaging Dresden GmbH signed a nomination letter with an automobile supplier. Microelectronic Packaging Dresden will expand its 3-year-old cooperation with the auto maker.
Under the new agreement, Microelectronic Packaging will double its production of steering angle detection sensor modules over the next 3 years. Contract terms were also extended by 4 years.
Silicon Sensor International’s Board of Directors expects that the contract for the term until 2016 will comprise a sales volume of up to EUR50 million. Moreover, the Company informed that until the fiscal year 2015, it forecasts to achieve revenue totaling at least EUR100 million.
Source: Reuters
Recent Trading: Silicon Sensor International (SIS.DE) MCap is EUR62.8 million (US$90.6 million) at the last price of EUR9.48. The value of EUR1,000 invested one year ago is EUR1,505 [vs EUR1,234 for the DAX index], for a capital gain of EUR505. The total return to shareholders for 1 year is 50.5%.
Currency Conversion: Euro1= US$1.4425 [or US$1= Euro0.69]; Against the US$ the Euro jumped (or 1.7%) for the day; rose 0.4% for the week; increased 1.9% for the month; advanced 10.5% in the past year. EUR1 = 100c.
Source: www.BuySellSignals.com
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