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First Sensor starts consolidation program "ONE FIRST SENSOR"

2012-07-02

With the approval of the Supervisory Board, the Executive Board of First Sensor AG has decided to make long-term savings of €4 million in staff costs and other costs over the next 12 months. The consolidation program “ONE FIRST SENSOR” is aimed at establishing more efficient, long-term-oriented management of all business processes in order to make the company better equipped for the future.

As a first step towards ensuring a uniform market presence, delivering further improvements through the use of synergies and simplifying internal organizational processes, a merger agreement between First Sensor AG and Sensortechnics GmbH (Puchheim) and Silicon Projects GmbH (Berlin) has been signed with retrospective effect from January 1, 2012. The merger agreements are likely to come into legal effect at the end of August 2012.

“We have had to work very hard in the last few weeks to pave the way for making essential decisions on the future of First Sensor AG. The consolidation program “ONE FIRST SENSOR” will lead us to improve our operating profitability, and forms the basis for further growth. I expect our figures to improve by several million euros on a long-term basis, starting as early as 2013” said Dr. Hans-Georg Giering, Chief Executive Officer of First Sensor AG. In the future, individual sensor solutions for optical sensors, pressure sensors, flow sensors, level sensors and special sensors will be developed, produced and sold from one source at First Sensor.

Only the names of the companies involved will change as a result of the merger. All business processes will remain unchanged for the time being. First Sensor AG is regarded as the legal successor for all existing contracts of Sensortechnics GmbH and Silicon Projects GmbH.

There will be no changes in terms of collaboration with our customers. The known contacts will also be available in future, and the locations will continue to be used as industrial premises as before.

For more information on the company, please visit www.first-sensor.com or call us on
Tel.: +49 30 6399 23-710.

First Sensor AG
Executive Board

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems and part of TE Connectivity. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Competencies
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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