LG Electronics Selects Active-Semi's Power Technology Resulting in Strategic Investment

  LG Electronics Selects Active-Semi's Power Technology Resulting in Strategic
  Investment

Power Application Controller^TM (PAC) Platform and Active Direct Drive^TM LED
 Driver Semiconductor Solutions Provide Unprecedented Energy Savings and Cost
                                  Reductions

Business Wire

DALLAS -- June 25, 2013

Active-Semi www.active-semi.com, the leader in flexible, highly integrated
semiconductor power management solutions, today announced that
LGElectronicsInc. is the major new investor in a round of strategic funding
that will accelerate the development of power semiconductor solutions ideally
suited for LGElectronics' diverse lines of industry-leading electronic
products.

“Active-Semi’s power solutions with firmware meet LG Electronics' stringent
next-generation electronic system space and cost requirements,” said Dr. Sam
Ha, Head of Energy Components Business, LGElectronics. “Our investment and
joint collaboration with Active-Semi will enable fast and broad implementation
of this flexible power application controller platform that scales across
numerous product lines such as our smart home appliances and air conditioning
systems.”

LG Electronics will initially target Active-Semi’s PowerApplication
Controller (PAC)™ platform to enable rapid worldwide conversion to energy
efficient home appliances, then expand to other applications that can leverage
the benefits of the platform.

LGElectronics joined Active-Semi’s existing investors including
U.S.VenturePartners, Tenaya Capital and others in this $7 million round of
financing.

“We are delighted about LGElectronics’ strategic investment in Active-Semi,”
said Winston Fu,Chairman of Active-Semi and a general partner at U.S. Venture
Partners. "We value them as a significant customer for Active-Semi’s
technology and as a key member of the company’s investment team.”

“LGElectronics is a long-time valued customer of our mobile charging
solutions,” said Larry Blackledge, CEO, at Active-Semi. “This new investment
further validates our approach to developing the world’s most energy efficient
and flexible Power Application Controller^TM (PAC) platform. Active-Semi
continues to sustain rapid acquisition of key customers who value the
comprehensive power management functionality offered in our PAC platform as
well as our LED lighting and mobile charging solutions, but at the lowest
total cost of ownership."

About Active-Semi www.active-semi.com

Founded in 2004 and headquartered in Dallas, Texas, Active-Semi is the leader
in flexible, highly integrated semiconductor power management solutions for
digital control of analog power. The company has shipped more than one billion
modular power management ICs which energize today's consumer electronics and
industrial designs by simplifying design, boosting equipment performance and
enabling intelligent battery charging. With analog and mixed-signal
semiconductor experts located in ISO9001:2008 certified R&D centers and sales
facilities in the United States, China, Hong Kong, Japan, Korea and Taiwan.

About LG Electronics Inc.

LG Electronics, Inc. is a global leader and technology innovator in consumer
electronics, mobile communications and home appliances. With 113 operations
around the world, LG achieved global sales of KRW 51 trillion (USD 45 billion)
in 2012. LG is comprised of four business units – Home Entertainment, Mobile
Communications, Home Appliance, and Air Conditioning & Energy Solutions – and
is one of the world’s leading producers of flat panel TVs, mobile devices, air
conditioners, washing machines and refrigerators.

About U.S. Venture Partners

USVP is a leading venture capital partnership, helping entrepreneurs transform
their ideas and efforts into world-changing companies. USVP focuses on
early-stage ventures in information technology and health care.

Contact:

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Lynda Kaye, 250-266-5293
lynda@kayepr.com
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or
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Wired Island
Mike Sottak, +33 (0)6 0115 7068
mike@wiredislandpr.com
 
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