Credence Wins Quartet Order from LG Electronics for Mixed-Signal Test.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--Aug. 21, 2000 Credence Systems Credence Systems Corporation (NASDAQ: CMOS), is a manufacturer of test and analytical equipment for the global semiconductor industry. Founded in 1978, it is publicly traded on the Nasdaq stock market under the symbol CMOS. Corporation (Nasdaq:CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. ), a leading manufacturer of automatic test equipment (ATE) for the worldwide semiconductor industry, today announced that Korea's LG Electronics has purchased the Quartet One(TM) consumer mixed-signal tester. LG Electronics, which specializes in the development of digital consumer products, will use the Quartet One for testing CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. devices for its digital TV and display products. LG Electronics will leverage Credence's network of Quartet-based foundries and test outsource companies once the devices ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale to volume production. "Credence is a leading supplier of test equipment for Asia's booming test outsource business," said Dr. Graham Siddall, 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 Credence. "We are very pleased with this order from LG Electronics since they are such a key company in the Korean semiconductor market." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Bo-Ik Sohn, General Manager of the System IC Center, LG Electronics, "The new Test Blaze software tools for the Quartet have helped us speed time-to-volume production and time-to-market, which is critical to our ability to provide competitive products in this fast-paced consumer digital market. And, with the Quartet, we can leverage a large network of foundries and test houses in Asia for volume production." The Quartet One has been installed in LG Electronics' Corporate Institute of Technology, Seoul, Korea. About the Quartet Series The Quartet mixed signal series combines a unique digital test subsystem with industry-leading audio, video, and RF instruments designed to seamlessly test CMS ICs, including high-volume cost-sensitive SoC (system on chip) devices targeted at the Internet, communications, and entertainment markets. The Quartet family includes Quartet One(TM), Quartet LC(TM), Quartet One XL(TM), and Quartet Logic(TM). About LG Electronics LG Electronics has been the leader of the Korean electronics industry for 40 years. Since its establishment in 1958 as Korea's pioneer consumer electronics company, LG Electronics has dramatically expanded beyond its original borders to become a truly world-class enterprise with 35,000 employees in over 120 countries, and with customers in over 150 nations. LG Electronics makes high-end future-oriented products, such as monitors for digital TVs, flat panel LCD monitors, flat face tube monitors, and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. drivers. The company also manufactures sophisticated electronic home appliances, such as intelligent air conditioners, dehumidifiers, and microwave ovens. LG Electronics is targeting $11.8B in revenue this year. LG Electronics is headquartered in Seoul, Korea. More information is available at http://www.lgeus.com. About Credence Systems Credence Systems Corporation is a leader in the manufacture of automatic test equipment (ATE) for the global semiconductor industry. Credence offers a wide range of products with test capabilities for digital, mixed-signal, and memory semiconductors. Utilizing its patented CMOS technologies, Credence products are designed to meet the strict time-to-market and cost-of-ownership requirements of its customers. Headquartered in Fremont, California For the unincorporated community in Yolo County, California, see . Fremont (IPA: /ˈfriːmɒnt/) is a city in California that was incorporated on January 23, 1956, from the merger of five smaller communities: , the company maintains advanced production and design facilities in Hillsboro, Oregon. Credence, an 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 certified manufacturer, is listed on the Nasdaq National Market under the symbol CMOS. More information is available at http://www.credence.com. Note to Editors: Credence, Credence Systems, Quartet, Quartet One, Quartet LC, Quartet One XL, and Quartet Logic are trademarks of Credence Systems Corporation. Other trademarks that may be mentioned in this release are the intellectual property of their respective owners. |
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