ADE Corporation Appoints Daniel F. Harrington As CFO; Brings More Than 20 Years of Financial Management Experience.Business/Technology Editors WESTWOOD, Mass.--(BUSINESS WIRE)--March 2, 2000 ADE Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADEX ADEX Athens Derivatives Exchange (Athens, Greece) ADEX Air Defense Exercise ADEX Advertisement Expenditure ADEX Asociaciã³n de Exportadores (Peru) ) today announced that Daniel F Harrington, 43, has been appointed Vice President, Chief Financial Officer and Treasurer of the Company. Mr. Harrington has more than 20 years of experience in financial management and served most recently as Vice President of Finance for Lasertron, a high growth, fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber component supplier. "We look forward to capitalizing on Dan's significant experience in financial management at public manufacturing companies," said Robert C. Abbe, President and Chief Executive Officer of ADE. "Dan will be a key addition to our senior management team as we continue to advance our technology and prepare for growth and a return to profitability when the semiconductor market fully recovers." Stated Mr. Harrington, "I am excited about the opportunity to apply my financial management experience at ADE. The Company has been a technological innovator for the past 30 years, and I look forward to helping ADE leverage that expertise into enhanced shareholder value." Prior to his position at Lasertron, Mr. Harrington served for two and one half years as Vice President and Chief Financial Officer of New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). -based Diatide Inc, a biotechnology company, and was at GenRad a Westford, Massachusetts-based manufacturer of electronic test equipment for two years as Vice President and Chief Financial Officer and Vice President of Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . Mr. Harrington holds a BA degree in economics from St. Anselm College. This news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to our visibility and long-term trends in the industry, demand for the Company's products, further increases in backlog and the ability of the company to develop and manufacture products that meet customer needs within the timeframes required by the customers. ADE Corporation is a leading supplier of metrology and inspection systems for the silicon wafer and data storage industries. The Company's systems analyze and report product quality at critical manufacturing process steps and provide quality certification data that is relied upon by semiconductor and data storage manufacturers. The Company's systems are also used in the fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. . |
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