TowerJazz Broadens Green Initiatives in its Specialty Analog Foundry Business by Increasing Renewable Energy Sources
November 20 2017 - 6:01AM
Expanding reduction in power by installing
solar panels in a nearly 100,000 square foot area with estimated
1700MWh yearly production of renewable green energy
MIGDAL HAEMEK, Israel, November 20, 2017
- TowerJazz, the global specialty foundry leader, today
announced its increased presence into renewable energy and green
initiatives for its specialty IC analog foundry business with a
roadmap of several initiatives for infrastructure improvement,
furthering its activities in becoming a more eco-friendly and green
company. TowerJazz has invested in several key projects in company
fabrication sites which enable improvement in water and electricity
usage.
TowerJazz has finalized an agreement to install
solar panels in areas comprising nearly 100,000 square feet. The
yearly production of renewal green energy is estimated to be
1700MWh which equals 4.5 days of the facility's consumption and a
year's consumption of about 100 private residences. Construction is
set to begin in January 2018 and to be completed by the end of the
first quarter of 2018.
In addition to the solar project, several global
initiatives have resulted in electricity savings of 18,000
MWh/year. Projects included: installing smart devices that regulate
power consumption, upgrading chillers which are used to control
temperature (important in the production of semiconductor devices),
replacing the cooling tower, and replacing neon light bulbs with
LED bulbs to reduce electricity consumption. The total electricity
savings per year is equivalent to annual electricity consumption of
about 1600 private households or 16 million pounds of coal
burned.
TowerJazz has also implemented creative
recycling projects leading to overall water consumption reduction.
A total of 74,500 m3/year were reduced, which is equal to the
annual water consumption of a town with a population of 2,100
people.
"We are very pleased with all of the results we
are seeing from our initiatives to strengthen our "green" focus as
an environmentally friendly company. We continue to perform ongoing
efforts in all of our operations to reduce environmental impact and
implement forward-thinking policies for environmental concerns,"
said Rafi Mor, Chief Operating Officer.
About TowerJazzTower Semiconductor Ltd. (NASDAQ: TSEM,
TASE: TSEM) and its subsidiaries operate collectively under the
brand name TowerJazz, the global specialty foundry leader.
TowerJazz manufactures next-generation integrated circuits (ICs) in
growing markets such as consumer, industrial, automotive, medical
and aerospace and defense. TowerJazz's advanced technology is
comprised of a broad range of customizable process platforms such
as: SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor,
integrated power management (BCD and 700V), and MEMS. TowerJazz
also provides world-class design enablement for a quick and
accurate design cycle as well as Transfer Optimization and
development Process Services (TOPS) to IDMs and fabless companies
that need to expand capacity. To provide multi-fab sourcing and
extended capacity for its customers, TowerJazz operates two
manufacturing facilities in Israel (150mm and 200mm), two in the
U.S. (200mm) and three facilities in Japan (two 200mm and one
300mm). For more information, please visit www.towerjazz.com.
Safe Harbor Regarding Forward-Looking StatementsThis
press release includes forward-looking statements, which are
subject to risks and uncertainties. Actual results may vary from
those projected or implied by such forward-looking statements. A
complete discussion of risks and uncertainties that may affect the
accuracy of forward-looking statements included in this press
release or which may otherwise affect TowerJazz's business is
included under the heading "Risk Factors" in Tower's most recent
filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the
Securities and Exchange Commission (the "SEC") and the Israel
Securities Authority and Jazz's most recent filings on Forms 10-K
and 10-Q, as were filed with the SEC, respectively. Tower and Jazz
do not intend to update, and expressly disclaim any obligation to
update, the information contained in this release.
###
TowerJazz Company Contact: Lauri Julian |
+1 949-280-5602 | lauri.julian@towerjazz.comTowerJazz Investor
Relations Contact: Noit Levi | +972-4-604-7066 |
noit.levi@towerjazz.com
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