Cerprobe Corp. and Mitsubishi Materials sign joint development agreement.TEMPE, Ariz.--(BUSINESS WIRE)--May 20, 1997--C. Zane Close, president and chief executive officer of Cerprobe Corp. (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 NM: CRPB CRPB Conflict Resolution and Peace Building ), and Naoyuki Hosoda, managing director and general manager of Mitsubishi Materials Corp.'s Advanced Products Division, Tuesday announced that they have signed a joint development agreement to develop new integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for probe test products for the worldwide semiconductor market. The agreement culminates two years of preparatory work whereby Mitsubishi has set up development facilities in Sanda, Japan, and Cerprobe has expanded its research and development facilities at its new world headquarters facility in Gilbert, Ariz. The development effort will utilize proprietary technology to address the increasing demands for finer geometry and the higher performance requirements for the wafer testing phase of semiconductor manufacturing. Close stated, "We have worked cooperatively with Mitsubishi over the past two years and we are very pleased to enter into this formal agreement to bring new products to market, as well as to strengthen our global presence. "We believe that the combination of Cerprobe's technical expertise in wafer probing and Mitsubishi's experience in employing advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, and manufacturing techniques will facilitate the creation of new products that will provide unique testing capabilities to the worldwide market." Hosoda commented: "We have a high regard for Cerprobe, their technology and reputation, and are most pleased to conclude this agreement with a leading developer and manufacturer of wafer probing devices within the U.S. and the world. We believe this joint development effort will accelerate the introduction of new probing products, and we look forward to working with Cerprobe to accomplish our mutual objectives." Cerprobe designs, manufactures and markets products for the high- performance testing Performance Testing covers a broad range of engineering or functional evaluations where a material, product, or system is not specified by detailed material or component specifications: Rather, emphasis is on the final measurable performance characteristics. 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. and microelectronics components. Cerprobe sells its products to semiconductor manufacturers worldwide. It has manufacturing facilities in Arizona, California and Texas, with international subsidiaries in Scotland, Singapore and Taiwan. Mitsubishi Materials Advanced Products Division develops and manufactures advanced products for the semiconductor and communications equipment industries. Its main products are gold bonding wire, sputtering A popular method for adhering thin films onto a substrate. Sputtering is done by bombarding a target material with a charged gas (typically argon) which releases atoms in the target that coats the nearby substrate. It all takes place inside a magnetron vacuum chamber under low pressure. targets, polycrystalline silicon Polycrystalline silicon or polysilicon or poly-Si or simply poly (in context) is a material consisting of multiple small silicon crystals. Polycrystalline silicon can be one of the purest elements in the world; it may be as much as 99.9999999+% pure. , fine chemical products, quartz crucibles and electronic devices such as surge absorbers and chip thermistors. Mitsubishi Materials Advanced Products Division has manufacturing facilities in Japan/Asia with one under construction in the United States. It also has sales offices throughout the world. "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 statements in this release regarding the introduction of new products as a result of the establishment of a joint development agreement with Mitsubishi Materials Corp. are forward-looking statements that include various risks and uncertainties, including, but not limited to, product demand and development, technological advancements, impact of competitive products and pricing, growth in targeted markets, manufacturing capacity, and other factors that are detailed from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: Cerprobe Corp. Randal L. Buness, 602/967-7885 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 |
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