Alpha Purchases 125,000-Square-Foot Facility in Haverhill, Mass; Plans to Employ More Than 400 in Manufacturing and Engineering.Business/Technology Editors WOBURN, Mass.--(BUSINESS WIRE)--Oct. 10, 2000 Company Plans to Double Automated Semiconductor Assembly and Testing Capacity Alpha Industries Alpha Industries is a clothing manufacturer founded in 1959 in Knoxville, Tennessee. The company makes items such as flight jackets and vests, and has made jackets for the military of the United States like the M65 Jacket. Two models are the MA-1 and CWU-45/P pilot jackets. , Inc. (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 : AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) today announced that, due to accelerating growth in demand for its broadband and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. products, the company is expanding its semiconductor design and manufacturing capacity to a recently purchased facility in Haverhill, Mass. Alpha purchased the 41-acre site, which is located at 25 Computer Drive, for $8.75 million. The property features a 125,000 square foot manufacturing and office facility built by Wang Computer in 1985. Alpha plans to immediately begin capital improvements, and expects to reopen the facility and commence initial operations in January 2001. These operations will include automated GaAs IC, silicon semiconductor and multi-chip module A Multi-Chip Module or MCM is a specialized electronic package where multiple integrated circuits (ICs), semiconductor dies or other modules are packaged in such a way as to facilitate their use as a single IC. assembly and testing, as well as design engineering. Headcount at Haverhill should reach 400 by the end of 2001. "Demand for Alpha's wireless and broadband products continues to accelerate," said David Aldrich, Alpha's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "and our new Haverhill facility has the space and the access to the infrastructure we will need to stay ahead of our customers' needs. We are rapidly gaining share in both the broadband and wireless markets, and these gains are driving our capital expansion and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , our growing need for talented people." "We sincerely appreciate the warm and helpful welcome we've received from Mayor Rurak, Economic Development Director O'Neill and other forward-thinking leaders in Haverhill and throughout the Merrimack Valley," Aldrich said. "The community is clearly committed to nurturing the growth of New Economy companies in the city and the region, and we at Alpha look forward to joining this exciting effort and thriving in the Merrimack Valley for many years to come." About Alpha Alpha Industries is a leading provider of RF integrated circuit-based solutions, including semiconductors and ceramic components, for the broadband and wireless communications markets. Alpha's switches, power amplifiers and discrete semiconductors are used by the world's leading broadband, infrastructure and wireless communications companies to enhance the speed, quality and performance of voice, data and video. For more information, please visit the Company's Web site, www.alphaind.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement - Except for the historical information contained herein, this news release contains forward-looking statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements, including those relating to the acquisition of a new plant in Haverhill, Massachusetts, Alpha's expected growth and the increase of semiconductor test and assembly capacity, constitute the Company's current intentions, hopes, beliefs, expectation or predictions of the future which are, therefore, inherently subject to risks and uncertainties. The Company's actual results could differ materially from those anticipated in the Company's forward-looking statements based on various factors, including without limitation: cancellation or deferral of customer orders, dependence on a small number of large customers, difficulties in the timely development and market acceptance of new products including the Company's HBT HBT Heterojunction Bipolar Transistor HBT HyCult Biotechnology (Uden, The Netherlands) HBT Hanbury-Brown-Twiss (interferometer) HBT Herring Bone Twill HBT Heflex Bioengineering Test amplifiers, market developments that vary from the current public expectations concerning the growth of wireless communications, difficulties in manufacturing new or existing products in sufficient quantity or quality, increased competitive pressures, decreasing selling prices for the Company's products, or changes in economic conditions. Further information on factors that could affect the Company's performance is included in the Company's periodic reports filed with the SEC, including but not limited to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended April 2, 2000, and subsequent Forms 10-Q. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstance on which any such statement is based. |
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