Cerprobe Terminates Purchase Negotiations for Probe Card Operations of France-based Upsys.Gilbert, Ariz.--(BUSINESS WIRE)--July 14, 1998--Cerprobe Corp. (Nasdaq NM:CRPB CRPB Conflict Resolution and Peace Building ) Tuesday announced that it has terminated negotiations to purchase the probe card A probe card is an interface between an electronic test system and a semiconductor wafer. Its purpose is to provide an electrical path between the test system and the circuits on the wafer, thereby permitting the testing and validation of the circuits at the wafer level, usually operations of Upsys, a French testing and engineering company. Cerprobe had signed a letter of intent in April of this year to purchase the operations for approximately $8 million in cash. Cerprobe and Upsys initially formed a joint venture in March 1997 for the assembly and repair of Upsys's vertical probe card product. As part of the terminated negotiations, Cerprobe will purchase Upsys's interest in the joint venture for an undisclosed amount of cash. All distribution agreements between Cerprobe and Upsys will also terminate immediately. Cerprobe designs, manufactures, and markets products for the high-performance testing 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 other microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. components. The company, which sells its products to semiconductor manufacturers worldwide, has manufacturing facilities in Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). , California, and Texas, with international subsidiaries operating in Scotland, Singapore, and Taiwan.
CONTACT: Cerprobe Corp., Gilbert
Randal L. Buness, 602/333-1500
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310/208-2550
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