3M Acquires Credence Technologies Inc.; Continues to Build Static Control Business.ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- 3M announced today that it has acquired Credence Technologies Inc., a Soquel, Calif.-based provider of instruments and high-end monitoring equipment for electrostatic discharge (hardware, testing) Electrostatic Discharge - (ESD) One kind of test that hardware usually has to pass to prove it is suitable for sale and use. The hardware must still work after is has been subjected to some level of electrostatic discharge. control and electromagnetic compliance. Terms of the transaction were not disclosed. Static control represents a key growth opportunity for 3M's electronics platform. Credence Technologies' products help manufacturers manage electrostatic discharge and electromagnetic emission issues in the design and production of components such as semiconductors, hard disc drives and flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time . This acquisition allows 3M to expand its presence in the semiconductor, hard disc drive, and flat panel display industries and further build its business in Asia and Europe, two of the fastest growing areas for static control. "Demand for static control solutions is expected to increase as smaller, more complex components require greater protection against electrostatic discharge," said Frank Little, division vice president, 3M Electronic Solutions Division. "Together 3M and Credence Technologies will offer a powerful lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of products, technology, and industry experience that will help customers increase productivity and product reliability." The addition of Credence Technologies builds on 3M's previously announced acquisition of SCC SCC - strongly connected component Products Inc. and JJ Converting LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , producers of flexible static control packaging and workstation products for electronic devices. 3M's Electronic Solutions Division provides products and solutions to meet the electronic industry's challenges of protecting electronic devices from electrostatic discharge throughout production, assembly, installation and transportation processes. Credence Technologies employs approximately 12 people at its operations in Soquel, near Santa Cruz Santa Cruz, city, United States Santa Cruz (săn`tə kr  z), city (1990 pop. 49,040), seat of Santa Cruz co., W Calif., on the north shore of Monterey Bay; inc. 1866. . About 3M - A Global, Diversified Technology Company Every day, 3M people find new ways to make amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the people of 3M use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation. Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M. |
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