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Chirac Awards Innovation Prize to Soitec

Posted on April 6, 2006
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During an Elysée ceremony, the French president cited the company’s international growth and employment creation.

At a ceremony held at the presidential Elysée Palace in March, French President Jacques Chirac awarded Soitec the “2006 Boldness and Creativity Award” (Prix de l’Audace Créatrice).

The prize, awarded yearly, recognizes the achievements of a listed company that is particularly dynamic, that has posted strong growth and profitability, and also has created significant employment opportunities in France. Initially created in 1995, its goal is to promote the entrepreneurial spirit and support bold initiatives.

Accepting on behalf of the company, Soitec President and co-founder André-Jacques Auberton-Hervé said, “This honor rewards the efforts of everyone at our company – that in less than 14 years, Soitec should become a veritable engine for growth and the top player in its market.”

Soitec was created in 1992 by Jean-Michel Lamure and André-Jacques Auberton-Hervé, two research engineers from the French national CEA/Léti electronics lab, to commercialize Smart Cut™ wafer engineering technology. Listed on the Euronext Paris stock exchange, Soitec posted 04/05 sales of 138.9 million Euros. With sales growing by about 80% in the current fiscal year, the company now counts over 750 employees and an 8% R&D investment rate.

The 2006 Boldness and Creativity Award was chosen by a 14-person jury lead by the Finalac Group, and comprising the presidents of companies such as AXA, Lagardère, Dassault, Group Danone, SEB, Essilor, Club Med and Renault.