
* Provides business update
* Says seeking to complete public offering of units of up to $10 million
* Says debt to Commerzbank in Germany has been reduced by $5.6 million to $28.0
million as of May 28th
* Says talks continue with several potential partners for silicon division
* Expects to select one of the options before the end of third quarter 2010
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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