Brooks Automation Inc. Acquires MITEX Solutions; Leader in Run-to-Run Control Enhances Brooks' Process Control Solutions.Business/Technology Editors CHELMSFORD, Mass.--(BUSINESS WIRE)--July 6, 2000 Brooks Automation, 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 :BRKS BRKS Brooks (street suffix) ) today announced the acquisition of substantially all assets of MiTeX Solutions (MiTeX), a leader in run-to-run (R2R R2R Roll-To-Roll (manufacturing) R2R Run-To-Run R2R Roadmap to Riches (multilevel marketing program) R2R Roadmap to Riches R2R Ready 2 Rumble (video game by Midway) (TM)) control. MiTeX's products will be key components of Brooks' integrated Advanced Process Control (APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ) strategy. The acquisition was structured as a purchase of substantially all MiTeX's assets for a combination of cash, Brooks' common stock and future incentives. Robert J. Therrien, 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. of Brooks Automation, said, "MiTeX is the world leader in run-to-run control. Bringing MiTeX into the growing Brooks family of integrated automation solutions is another important step in our strategy of acquisition and internal investment to deliver best-in-class factory and tool automation solutions. I believe that MiTeX's widely accepted R2R technology, coupled with Brooks' broad technology portfolio and professional services, will provide APC solutions that enable our customers to maintain stable and efficient manufacturing in today's rapidly changing semiconductor processes. Brooks' approach of providing open, scalable, and integrated automation solutions makes the two companies a natural fit. The ability to scale our complete APC solution to meet the needs of both Semiconductor Manufacturers and Semiconductor Capital Equipment suppliers is unique in the market-place." James Moyne, President and CEO of MiTeX, said, "Beyond acquiring MiTeX's patented technology in R2R controllers and a SEMATECH SEMATECH Semiconductor Manufacturing Technology APC-compliant framework software for implementing these solutions, Brooks Automation has the essential components to deploy a comprehensive fab-ready(TM) APC solution. Only Brooks Automation can offer a comprehensive APC solution that includes the key elements: a SEMATECH compliant APC Framework with plug-ins for integrated R2R control, fault detection and classification (FDC FDC - Floppy Disk Controller ), and statistical process control (SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management. 2. (body) SPC - Software Productivity Centre. 3. (company) SPC - Software Publishing Corporation. 4. ), as well as the required integration to equipment and MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of solutions. Our experience has shown us that key success factors in deploying APC solutions are standards compliance, seamless integration with both the manufacturing execution systems (MES) and the control system of the process tools, and skilled professional services capable of customizing the solution for each customer's specific business practices. Brooks Automation maintains a leadership position in all of these areas." R2R has been identified by the Semiconductor Industry Association and I300I as a key technology for competitiveness in advanced 200mm facilities and as a required component of 300mm facilities, providing tighter control of uniformity across the wafer, increased process capability, reduced scrap, reduced need for non-product wafers and test wafers, reduced equipment down-time, and increased process yield. R2R is the only form of APC that has proven effective in all of these areas. Brooks Automation, Inc. Brooks Automation, Inc. is a leading supplier of integrated automation solutions for the global semiconductor, data storage, and flat panel display 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 manufacturing industries. As an established market leader in hardware and software automation, Brooks continues to pioneer "Best-in-Class" technologies that outperform their competitors - from vacuum and atmospheric robots, cluster tool platforms and modules, ultra clean mini-environments for isolating processing equipment and wafers - to factory and tool automation software and integration services. Both OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and fab customers leverage Brooks Automation products and services to optimize total fab performance in dynamic manufacturing environments. The Company has ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certification, is headquartered in Chelmsford, MA and has direct operations in the United States, Canada, Europe, Japan, Korea, Taiwan, and Singapore. Brooks' web site is www.brooks.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 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: The foregoing discussion contains forward-looking statements related to future financial results. These statements involve known and unknown risks and uncertainties including, without limitation, risks relating to the Company's dependence on the cyclical semiconductor industry, the Company's dependence on relatively few customers for a significant portion of its revenues, the Company's reliance on sales to OEM customers and the lengthy sales cycles of those customers, the ability of the Company to continue to successfully develop and market new products and product enhancements on a timely basis, the ability to integrate recent acquisitions into the Company, the highly competitive nature and rapid technological change that characterize the industries in which the Company competes, and other risks and uncertainties described in the Company's reports and registration statements filed with the Securities and Exchange Commission. As a result, there can be no assurance that the Company's future results will not be materially different than those projected. The Company also operates in an industry sector where securities' values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The forward-looking statements contained herein speak only of the Company's expectations as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. |
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