IXYS Completes Energy Efficiency Test Study
IXYS (IXYS) worldwide IT electrical energy costs reduced 50%
MILPITAS, Calif. & BIEL, Switzerland--(BUSINESS WIRE)-- IXYS Corporation (NASDAQ: IXYS), a leading global power and IC semiconductor company, has released the results of a test study demonstrating a 50% reduction in IT energy consumption at its offices worldwide. The study was conducted in conjunction with Dhaani Systems, a Silicon Valley-based company, which deployed its proprietary network-based energy IT management platform at IXYS various divisions, including IXYS Power, Zilog, IXYS IC Division, IXYS Germany and IXYS UK.
Energy-intensive computing, internet communications and IT servers are quickly becoming one of the fastest growing energy-use sectors. Since the demand for electricity is expected to outstrip low-cost supply, companies need to find ways to conserve and convert power efficiently. It is upon this thesis that IXYS Corporation has found success. Since its inception in 1983, IXYS has been developing technology-driven products to improve power conversion efficiency. Presently in the world of IXYS, power semiconductors, analog ICs and MCUs are being deployed in IXYS solutions to generate, convert, distribute and use electrical energy at higher efficiencies.
IXYS focuses on products that improve efficiency and save energy in the industrial, transportation, medical and communications applications; therefore, it only makes sense that IXYS would explore and adopt innovative cost-effective energy conservation efforts within its own organization, including solutions that apply advanced software, commented Uzi Sasson, President and CFO of IXYS. Not only does IT equipment drain the power grid, it can also drain the pocketbook, with some studies suggesting IT equipment comprises 40% of the total monthly electricity costs. We recognized the potential for a significant reduction in the cost and amount of power consumed.
Initial tests of the Dhaani Star" IT Energy Management Platform were executed at IXYS subsidiary, Zilog Inc. Results indicated savings of up to 75%. In November 2011, IXYS decided to extend the program, deploying Dhaani Star" at five of its divisions worldwide with savings of 50%. The rest of the divisions will adopt the platform in the coming year.
The challenge for IT energy efficiency has always been execution without impacting day-to-day operations and employee productivity. This concern was immediately alleviated with a seamless deployment of Dhaani Star" and the resultant reduced operating costs, commented Uzi Sasson, President and CFO of IXYS. Due to the success of this pilot program, we envision using the Dhaani Star" technology in some of our current smart building/smart metering applications with our Zilog based microcontrollers. We look forward to adding another level of energy efficiency to our smart power management products.
About IXYS Corporation
Since its inception in 1983, IXYS Corporation, a Silicon Valley power semiconductor company, has been developing technology-driven products to improve power conversion efficiency, generate clean energy, improve automation and provide advanced products in the transportation, medical and telecom industries. IXYS is a pioneer in the development of power semiconductors, integrated circuits and RF systems that effectively monitor electrical voltage to produce maximum effect with least expenditure of energy.
Diminishing natural resources, demand for cheap energy and environmental directives for energy efficiency constitute significant challenges. IXYS technologies play a vital role in reducing energy costs and consumption by optimizing the energy efficiency of everyday products. IXYS continues to invest in new technologies through acquisition and internal R&D aimed at complementing IXYS strengths in power, as well as expanding its market opportunity into emerging high growth markets, including energy management and power quality.
Additional information about IXYS may be obtained by visiting IXYS website at www.ixys.com, or by contacting the company directly.
About Dhaani Systems, Inc.
Dhaani Systems has developed the industrys first network-based energy management platform for IT equipment. The company, founded in 2008 by Shankar Mukherjee, focuses on building IT energy management solutions that are easy to deploy and manage, while ensuring that day to day business operations are not impacted. The first product is the DhaaniStarTM IT Energy Management Platform, which incorporates patent-pending technologies that have demonstrated to save between 50% and 80% of electrical energy usage.
DhaaniStar" is a trademark of Dhaani Systems, Inc. More information about Dhaani Systems may be obtained at the companys website: www.dhaanisystems.com.
Safe Harbor Statement
The foregoing press release contains forward-looking statements, including those related to growth in energy demand, the availability of low-cost supply, the relationship between the demand for electricity and its supply, the deployment of the Dhaani Star" platform to more divisions, the future application of the Dhaani Star" technology to IXYS products and expectations for energy efficiency in the future, among other things. Further information on other factors that could affect IXYS is detailed and included in reports that IXYS has filed with the Securities and Exchange Commission, including its Form 10-Q for the quarter ended June 30, 2012. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.
Uzi Sasson, 408-457-9000
President and CFO
Source: IXYS CorporationCopyright Business Wire 2012