Cerprobe Corp. announces joint venture with Upsys.TEMPE, Ariz.--(BUSINESS WIRE)--March 17, 1997--Cerprobe Corp. (NASDAQ/NM:CRPB CRPB Conflict Resolution and Peace Building ) Monday announced that it has entered into a joint venture with Upsys Reseau ré·seau or re·seau n. pl. réseaus or réseaux 1. A net or mesh foundation for lace. 2. Astronomy Eurisys, a French company owned by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and GAME, a French test and engineering company. The joint venture, to be managed by Cerprobe, will assemble and repair the Cobra Probe A Cobra probe is a device to measure the pressure of a moving fluid. In this kind of instrument, there are two yaw direction tubes which are chamfered and silver soldered symmetrically on the two sides of a pitot tube. It is otherwise similar to the other kinds of yawmeters. in Arizona for distribution by Cerprobe throughout 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. and Asia. Cerprobe will own 55 percent of the joint venture and Upsys will own 45 percent. It is expected that the joint venture will be operational by the end of the second quarter of 1997. The Cobra Probe, developed and patented by IBM, is a vertical probe card which is particularly well suited for multi-die testing requirements of memory chip manufacturers. Memory chips are one of the fastest growing segments of the semiconductor industry. Upsys currently manufactures the Cobra Probe in Europe under license from IBM. C. Zane Close, 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 Cerprobe, commented: "This joint venture is an exciting development for Cerprobe. As a distributor of the Cobra Probe for the past year, we have seen a dramatic increase in the demand for this product. The new joint venture will enable Cerprobe and Upsys to respond to this demand and address the need for shorter lead times by our customers in the U.S. and Asia. "We believe the Cobra Probe will be a powerful product for gaining market share at the large Asian memory chip manufacturers. Based upon our research, the potential worldwide market for the Cobra Probe exceeds $50 million per year." Cerprobe designs, manufactures and markets products for the high-performance testing of integrated circuits and microelectronics components. The company, which sells its products to semiconductor manufacturers worldwide, has manufacturing facilities in Arizona, California and Texas, with international subsidiaries operating in Scotland, Singapore and Taiwan. "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 benefits anticipated to accrue to Cerprobe from the establishment of a joint venture with Upsys 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., Tempe Randal L. Buness, 602/967-7885 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion