AMETEK Adds Technology for Ceramic Components to Its Microelectronic Packaging Business.PAOLI, Pa. -- AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ) today announced that it has added the technology for ceramic components to its microelectronics packaging business with the acquisition of General Ceramics, a privately owned manufacturer of highly engineered hermetic hermetic /her·met·ic/ (her-met´ik) impervious to air. her·met·ic or her·met·i·cal adj. Completely sealed, especially against the escape or entry of air. microelectronic packages for sophisticated electronic applications in the aerospace, defense, telecommunications and industrial markets. "General Ceramics is an excellent addition to our HCC HCC Hepatocellular Carcinoma (liver cancer) HCC Hertfordshire County Council (administrative region of south eastern England UK) HCC Harford Community College (Maryland) Industries business, acquired in 2005. HCC produces highly engineered hermetic connectors, terminals, headers and microelectronic packages that are essential in protecting sensitive electronic devices from environmental and thermal damage. General Ceramics' product line of ceramic components and ceramic-to-metal packages is a natural extension of HCC's product range," notes AMETEK Chairman and Chef Executive Officer Frank S. Hermance. "General Ceramics broadens our technological capabilities by adding high-temperature, co-fired ceramic products. With this added capability we now provide our customers with a complete range of hermetic seals and microelectronic packaging solutions," adds Mr. Hermance. Headquartered in Los Angeles, CA, General Ceramics joins HCC Industries within AMETEK's Electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). Group (EMG EMG abbr. electromyogram Electromyography (EMG) A diagnostic test that records the electrical activity of muscles. ). In addition to electrical interconnects and microelectronic packaging, EMG is a leader in technical motors and systems, specialty metal products, and electric motors for floor care and other applications. EMG had 2005 sales of approximately $626 million. Corporate Profile AMETEK is a leading global manufacturer of electronic instruments and electric motors with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of $1.8 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index The Russell 1000 Index is a stock market index of US stocks. The ticker is "RUI" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 1000. External links
Forward-looking Information Statements in this news release that are not historical are considered "forward-looking statements" and are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in AMETEK's Securities and Exchange Commission filings. |
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