updated 5/10/2010 4:05:49 PM ET 2010-05-10T20:05:49

SAN JOSE, Calif., May 10, 2010 (GLOBE NEWSWIRE) -- Power Integrations, Inc. (Nasdaq:POWI) today announced that it has terminated the employment of its chief financial officer, Bill Roeschlein. The termination was not prompted by any regulatory issues and is not related to the company's financial statements or other reporting obligations. The company also reaffirmed its financial projections for the second quarter of 2010, as set forth in the company's press release of April 28, 2010. Balu Balakrishnan, the company's president and CEO, will be acting as chief financial officer on an interim basis while the search for a successor is being conducted.

About Power Integrations

Power Integrations is the leading supplier of high-voltage analog integrated circuits used in energy-efficient power conversion. The company's innovative technology enables compact, energy-efficient power supplies in a wide range of electronic products, in AC-DC, DC-DC and LED lighting applications. Since its introduction in 1998, Power Integrations' EcoSmart(R) energy-efficiency technology has saved an estimated $4.1 billion of standby energy waste and prevented millions of tons of CO2 emissions. The company's Green Room (www.powerint.com/greenroom) provides a wealth of information about "energy vampires" and the issue of standby energy waste, along with a comprehensive guide to energy-efficiency standards around the world. Reflecting the environmental benefits of EcoSmart technology, Power Integrations is included in clean-technology stock indices sponsored by the Cleantech Group (Amex:CTIUS) and Clean Edge (Nasdaq:CELS). For more information, please visit www.powerint.com.

Note Regarding Forward-Looking Statements

The statement in this press release relating to the company's financial forecast for the second quarter of 2010 is a forward-looking statement. This forward-looking statement is based on current information that is, by its nature, subject to rapid and even abrupt changes. Due to risks and uncertainties associated with the company's business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: changes in global macroeconomic conditions that may impact the level of demand for the company's products; the ability of the company to obtain sufficient quantities of wafers in a timely manner from its suppliers; potential changes and shifts in customer demand away from end products that utilize the company's integrated circuits to end products that do not incorporate the company's products; the company's ability to maintain and establish strategic relationships; the effects of competition; customer reaction to the effects of design wins may not be as the company expects; the risks inherent in the development and delivery of complex technologies; the outcome and cost of patent litigation; the company's ability to attract, retain and motivate qualified personnel; the emergence of new markets for the company's products and services; the company's ability to compete in those markets based on timeliness, cost and market demand; unforeseen costs and expenses; and fluctuations in currency exchange rates. These and other risk factors are more fully explained under the caption "Risk Factors" in the company's most recent annual report on Form 10-Q, filed with the Securities and Exchange Commission on May 6, 2010. The company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

GlobeNewswire, Inc.2010

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