Tower Semiconductor Ltd. : TowerJazz CEO, Russell Ellwanger to Receive the Ruppin Academic Center Honorary Fellowship Award
06/27/2012| 05:50am US/Eastern
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MIGDAL HAEMEK, Israel, June 27, 2012 - TowerJazz, the
global specialty foundry leader, today announced its CEO,
Russell Ellwanger has been selected to receive the Ruppin
Academic Center Honorary Fellowship Award in a ceremony held
at the Ruppin Academic Center in Israel. Mr. Ellwanger was
chosen for his business achievements with Israeli-based
TowerJazz, a multinational organization with semiconductor
manufacturing facilities on three continents and sales
offices worldwide. He was also selected for his personal
stature and his contribution to Israel as a leading
industrialist and a visionary for TowerJazz's social
responsibility principals and community service charter:
'Educational and vocational
development with a focus on gender equality and minority
integration.'
Together with Mr. Ellwanger, the Ruppin Honorary Fellowship
Award will be given to Nobel Prize Laureate, Prof. Roger D.
Kornberg of Stanford University Medical School. The award is
conferred to local and international personalities that in
the Center's view can serve as a role model to its graduating
students, inspire them and expand their horizons at this
crucial moment as they step out of the
academic world into "real" life. Each
From left to right: Mr. Udi Angel, Chairman, Board of
Trustees, Ruppin Academic Center; Mr. Russell Ellwanger,
TowerJazz CEO; Prof. Shosh Arad, President, Ruppin Academic
Center
of the awardees is chosen for his or her uniqueness and
contribution to the society in general, and to Ruppin's
focal areas of expertise, in particular. The award ceremony
is held annually at the Ruppin Academic Center towards the
end of each academic year and is the highlight of the annual
graduation event, conferring honorary degrees as the highest
tributes offered by the Center.
One of Ruppin's leading banners in which they are unique
in the Israeli academic landscape is immigration and social
integration - in response to Israel's most challenging
socio-economic issue and one of today's most significant
global phenomena. Simultaneously, the Center strives to
cultivate a new generation of leaders who possess high skills
and knowledge, moral conscience, social involvement and
environmental awareness, virtues that are necessary for a
better civil society. Among Ruppin's previous Honorary
Fellowship recipients are Israel's President Shimon Peres,
Prof. Daniel Kahneman (Nobel Prize Laureate in Economics),
and others.
"We are proud to bestow the Honorary Fellowship award to
Russell Ellwanger, who we see as a role model to moral and
professionalism to our graduate students," said Prof. Shosh
Arad, President of the Ruppin Academic Center. "Mr. Ellwanger
is a first class businessman, quality manager, a man of
vision and inspiration, who manages to combine the business
world with community contributing as a way of life, and on
top of that undertook a personal challenge by choosing Israel
as his home and focus of his life. We selected him for that
range of aspects that are fully aligned and connected with
the Ruppin Academic Center content focus: global business
administration, social integration and social
involvement."
"I am extremely honored to be among the notable recipients of
this prestigious award - not only for the recognition of
TowerJazz's worldwide business achievements, but importantly
for the community and social awareness aspects of the award
which are of personal significance to me," said Russell
Ellwanger, TowerJazz CEO. "Our social responsibility plan
includes specific goals to inspire, develop and provide
opportunities for under-represented populations. As the
fastest growing global foundry, it is essential that we
continue to foster a mentality that goes beyond our employees
to promote and nurture a social agenda that strives to
increase diversity and equity within our respective worldwide
communities."
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), its
fully owned U.S. subsidiary Jazz Semiconductor Ltd., and its
fully owned Japanese subsidiary TowerJazz Japan, Ltd.,
operate collectively under the brand name TowerJazz, the
global specialty foundry leader. TowerJazz manufactures
integrated circuits with geometries ranging from 1.0 to
0.13-micron, offering a broad range of customizable process
technologies including: SiGe, BiCMOS, Mixed- Signal and
RFCMOS, CMOS Image Sensor, Power Management (BCD), and
Non-Volatile Memory (NVM) as well as CMOS and MEMS
capabilities. TowerJazz also offers a world-class design
enablement platform that complements its sophisticated
technology and enables a quick and accurate design cycle. In
addition, TowerJazz provides (TOPS) Technology Optimization
Process Services to IDMs as well as fabless companies that
need to expand capacity, or progress from an R&D line to a
production line. To provide multi-fab sourcing, TowerJazz
maintains two manufacturing facilities in Israel, one in the
U.S., and one in Japan with additional capacity available in
China through manufacturing partnerships. For more
information, please visit www.towerjazz.com.
Safe Harbor Regarding Forward-Looking Statements
This 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 Media Contact: Lauri Julian | +1 949 435 8181 | lauri.julian@towerjazz.com
TowerJazz Investor Relations Contact: Noit Levi |
+972-4-604-7066 | noit.levi@towerjazz.com
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