FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of
February 2010 No. 4
TOWER
SEMICONDUCTOR LTD.
(Translation
of registrant's name into English)
Ramat
Gavriel Industrial Park
P.O.
Box 619, Migdal Haemek, Israel 23105
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form 20-F
S Form
40-F £
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes £ No
S
On
February 11, 2010, the registrant announces that TowerJazz Receives Outstanding
Achievement in Energy Efficiency Award from Southern California
Edison.
This Form
6-K is being incorporated by reference into all effective registration
statements filed by us under the Securities Act of 1933.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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TOWER
SEMICONDUCTOR LTD.
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Date:
February 11, 2010
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By:
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/s/ Nati Somekh Gilboa
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Name:
Nati Somekh Gilboa
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Title:
Corporate Secretary
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TowerJazz
Receives Outstanding Achievement in Energy Efficiency Award from Southern
California Edison
NEWPORT BEACH, Calif., February 11,
2010 – TowerJazz, the global
specialty foundry leader, today announced it has received an Outstanding
Achievement in Energy Efficiency Award from Southern California
Edison (SCE). The foundry reduced its annual energy usage in its Newport
Beach facility by 9 million kilowatt-hours, which is the carbon-reduction
equivalent of 12,982 barrels of oil or 1,071 cars on the road. To
reduce its energy use and “green” operations, TowerJazz has been conducting an
ongoing efficiency overhaul and has instituted new technology and practices
throughout the company that have contributed to significant energy
savings.
In 2009, TowerJazz announced it joined
the Cool Planet
Project, an energy
efficiency and climate change mitigation program, administered by The Climate
Registry and SCE. The Cool Planet Project highlights the connection
between energy usage and greenhouse gas (GHG) emissions, while providing
assistance to measure, verify, and report their entity-wide GHG profile and
emissions reductions.
In
addition, TowerJazz has installed variable frequency drives (VFDs) on its
plants’ air handlers. The original installation utilized fixed dampers for air
flow control. The units were updated with VFD, an electronic controller
that adjusts the speed of an electric motor by regulating the power being
delivered. VFDs provide continuous control, matching motor speed to the specific
demands of the work being performed. This allows operators to
fine-tune processes while reducing costs for energy and equipment maintenance,
resulting in substantial energy reduction.
“It is a
pleasure to recognize TowerJazz for its ongoing efforts to increase energy
efficiency and implement projects that improve the performance and effectiveness
of its energy usage,” said Gene Rodrigues, Director of Energy Efficiency, SCE.
“The company has one of the best records in energy efficiency – past wins
include receiving the Flex Your Power award and other energy award
plaques. We look forward to continuing our work with the TowerJazz
team to keep finding ways to conserve energy.”
“We are
committed to reducing our energy consumption and carbon footprint through
optimizing efficiency throughout the Newport Beach site utilizing the latest in
equipment technology and system design,” said Dale Bogan, Director of
Facilities, TowerJazz Newport Beach fab. “This award and the projects
we have identified are examples of our efforts to achieve best practices and
maximize opportunities to collaborate with industry leaders on efficiency
improvement projects.”
Russell Ellwanger,
TowerJazz CEO added, “While we maintain our focus on moving forward our top and
bottom line growth, we have not and cannot lose sight of our responsibility as
global citizens. This includes the energy conservation activities in
Southern California as well as worldwide alternative energy programs, including
our cooperation with Better Place, the
global provider of electric vehicle networks and services, on their first
implementation of electric car leasing and infrastructure in
Israel.”
About
TowerJazz
Tower
Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM),
the global specialty foundry
leader and its fully owned U.S. subsidiary Jazz Semiconductor,
operate collectively under the brand name TowerJazz,
manufacturing integrated circuits with geometries ranging from
1.0 to 0.13-micron. TowerJazz provides industry leading
design enablement tools to allow complex designs to be achieved quickly and
more accurately and offers 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 MEMS
capabilities. To provide world-class customer service, TowerJazz maintains
two manufacturing facilities in Israel and one in the U.S. 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 Tower and/or Jazz’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.
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Company
Contact:
Melinda Jarrell
949/435-8181
melinda.jarrell@towerjazz.com
Investor
Relations Contact:
Levi
Noit
+972
4 604 7066
noit.levi@towerjazz.com
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Media
Contact:
Lauri Julian
949/715-3049
lauri.julian@towerjazz.com
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