Brooks Automation Signs Purchase Agreement with Tower Semiconductor Ltd.Business/Technology Editors CHELMSFORD, Mass.--(BUSINESS WIRE)--Nov. 8, 2000 Brooks will provide Tower with adapted SMIF interfaces, mini-environments, wafer sorters, lot identification and lot tracking systems, for its new 200mm fab in Israel. 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) ), a leader in tool and factory automation solutions for the global semiconductor industry, announced today that it has received a multi-million dollar purchase agreement from Tower Semiconductor Ltd. (NASDAQ: TSEM TSEM Tower Semiconductor Ltd. (stock symbol) TSEM Transmission Scanning Electron Microscopy TSEM TOW System Evaluation Missile ) for the implementation of Ergospeed II(TM) and Iridnet(TM), Brooks' integrated SMIF SMIF Standard Mechanical Interface SMIF Stream-based Model Interchange Format SMIF Shared Materials Instrumentation Facility (Duke University) SMIF Stanford Management Internship Fund SMIF SMAD4-Interacting Transcription Factor and Lot Tracking System, and for Brooks' SPS (Standby Power System) A UPS system that switches to battery backup upon detection of power failure. See UPS. SPS - Symbolic Programming System. Assembly language for IBM 1620. 3000(TM) multicassette sorting system for 200mm wafer management. Tower's selection of Brooks, completed after a rigorous evaluation, was based on Brooks' excellent product performance and project deployment record. Brooks Automation's broad product portfolio was also key, as it gives Tower the opportunity to source from a single supplier a totally integrated automation Totally Integrated Automation-TIA is a strategy (Philosophies / architecture) in the automationtechnology which was developed since 1996 by theSiemens Automation and Drives. solution. The purchase agreement calls for intial support of a pilot line in fab2, worth approximately $3 Million, followed by fab-wide implementation over the next several years, for a grand total award in excess of $20 million. "Brooks' focus on quality, its responsiveness to customer needs, and the depth and breadth of Brooks' technology and product line were all factors influencing our choice," said Dr. Rafi Levin, Tower's Co-CEO. "Tower and Brooks share similar manufacturing philosophies. We are both committed to quality management as a means of ensuring the highest levels of performance." "Our customers succeed because we are committed to their success, and we provide them with technology that has been proven to optimize factory performance while keeping manufacturing costs under control. Our ability to integrate our system into a total factory automation solution is world-class and unique in the market. We look forward to working with Tower to ensure its success with our system," said 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, Inc. 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 manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation . 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's 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Europe, Japan, Korea, Taiwan and Singapore. Brooks' web site is www.brooks.com. Tower Semiconductor Ltd. Tower is an advanced independent foundry manufacturer of semiconductor integrated circuits (ICs) on silicon wafers. Tower acquired its facility near Migdal Haemek, Israel, from National Semiconductor in March 1993 and commenced operations as an independent foundry at that time. As a foundry, Tower provides IC design, manufacturing and turnkey services using advanced production capabilities and the proprietary IC designs of its customers. Tower specializes in providing solutions for embedded non-volatile memory devices, CMOS image sensors, and mixed signal devices. Beyond its technical capabilities, Tower is renowned for its high quality customer support. The Tower web site address is www.towersemi.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 relating to the expected benefits of the Brooks Automation products sold to Tower Semiconductor Ltd., an Israeli company. These statements involve known and unknown risks and uncertainties including, without limitation, the risk of not converting the pilot project into additional business for Brooks, risks relating to the manner in which the customer uses the products and integrates the products with other components, the Company's dependence on the cyclical semiconductor industry, the ability of the Company to continue to successfully develop and market new products and product enhancements on a timely basis, 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 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 from those projected. 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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