Power Integrations Announces Delay in Filing of Form 10-K

March 13, 2006

SAN JOSE, Calif.--(BUSINESS WIRE)--March 13, 2006--Power Integrations (Nasdaq:POWI - News) today announced a delay in the filing of its Form 10-K for fiscal year 2005. The delay will allow for the completion of an ongoing internal investigation of company practices related to stock-option grants to officers and directors, and related matters. A special committee of the company's board of directors is conducting the review. The investigation is in its early stages and no determination has been made as to whether it will result in any impact on the company's financial statements.

About Power Integrations

Power Integrations, Inc. (Nasdaq:POWI - News) is the leading supplier of high-voltage analog integrated circuits used in power conversion. The company's breakthrough integrated-circuit technology enables compact, energy-efficient power supplies in a wide range of electronic products, in both AC-DC and DC-DC applications. The company's EcoSmart® energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $1.4 billion on their electricity bills since its introduction in 1998. For more information, visit the company's website at www.powerint.com.


Power Integrations, Inc. Joe Shiffler, 408-414-8528 jshiffler@powerint.com
NASDAQ: POWI $117.24 -0.38
-0.32% Volume: 222,691 August 11, 2020

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Joe Shiffler
Director, Investor Relations & Corporate Communications
(408) 414-8528

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