CyberOptics Announces Management Changes To Implement New SMT Systems and Semiconductor Growth Strategies.MINNEAPOLIS--(BUSINESS WIRE)--Aug. 18, 1999-- CyberOptics Corporation (Nasdaq NMS See NetWare Management System. : CYBE) today announced changes in its management structure as part of the Company's growth initiatives for its SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management Systems and new semiconductor equipment units: -- Michael D. Wetle, formerly Vice President and General Manager of CyberOptics SMT Systems, has been named Vice President and General Manager of CyberOptics Semiconductor. Wetle, who will be based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , will also be responsible for HAMA Sensors, Inc., a strategic acquisition made earlier this year. -- Michael A. Bowes, Ph.D., formerly Managing Director of Kestra Ltd. in the U.K., has been named Vice President and General Manager of CyberOptics SMT Systems. This unit includes Kestra, a development-stage company acquired earlier in 1999. -- Bruce E. Batten bat·ten 1 v. bat·tened, bat·ten·ing, bat·tens v.intr. 1. To become fat. 2. , Ph.D., formerly Vice President and General Manager of Industrial Measurement, has been named Vice President of Global Systems Sales, a new position aimed at substantially strengthening the worldwide sales and service force of CyberOptics SMT Systems. All of the executives named will report to CyberOptics' President, Steven M. Quist. No management changes are planned for the Company's SMT/OEM Sensor unit. Steven K. Case, chairman, said: "This new management structure is designed to help CyberOptics take optimum advantage of high-growth opportunities in the SMT assembly and semiconductor equipment markets. We are genuinely excited about our strategies for these vertical growth markets and believe we have the right senior management team in place to successfully pursue our targeted segments. We believe that our new initiative in the semiconductor equipment market will evolve into a second 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 sensor-based business, similar to our SMT/OEM Sensor business." Following the HAMA acquisition, CyberOptics Semiconductor was established to supplant sup·plant tr.v. sup·plant·ed, sup·plant·ing, sup·plants 1. To usurp the place of, especially through intrigue or underhanded tactics. 2. the Industrial Measurement unit, which developed and marketed systems and sensors for general metrology applications. Industrial Measurement systems revenues will be reported as part of the Semiconductor/Industrial Measurement unit, but these products will be sold through the new Global Systems Sales organization. The Company acquired Kestra to enable its SMT Systems unit to significantly expand its presence on SMT production lines and provide a complete range of in-line and off-line inspection solutions, extending from solder paste Solder paste (or solder cream) is a mix of small solder particles and flux. It is used extensively in the automated soldering processes wave soldering and reflow soldering. through to in-circuit-testing. The initial Kestra product, a post-placement system based on Kestra's breakthrough automated optical inspection Automated Optical Inspection (AOI) is an automated visual inspection of PCB(or LCD,transistor manufacture) where a camera autonomously scans the device under test for both catastrophic failure (eg. missing component) and quality defects (eg. technology, called "Statistical Appearance Modeling," is expected to be introduced later in this year's third quarter. A second Kestra system for inspecting component leads and solder solder (sŏd`ər), metal alloy used in the molten state as a metallic binder. The type of solder to be used is determined by the metals to be united. Soft solders are commonly composed of lead and tin and have low melting points. Hard solders (i. joint quality is planned for the market in 2000. CyberOptics Corporation is a technology leader in optical process control sensors and inspection systems that improve the yields and through-put for the SMT electronics assembly and semiconductor wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. industries. Statements regarding the Company's anticipated performance in 1999 and 2000 are forward-looking and therefore involve risks and uncertainties, including but not limited to: risks related to the current scrutiny by regulatory bodies of accounting treatment of acquired in-process R&D, market conditions in the global electronics industry, competitive technologies, and other factors set forth in the Company's filings with the Securities and Exchange Commission |
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