Electroglas Opens New Advanced Development Laboratory; Next-generation products to be developed in new facility.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Jan. 30, 1996-- Electroglas, Inc. (Nasdaq:EGLS EGLS Eastside German Language School (Issaquah, WA) ), a market-leading supplier of automatic wafer probing systems to the global semiconductor industry, today announced that it has opened an Advanced Development Laboratory near its corporate campus in Santa Clara. The new facility, which is dedicated to the development of next-generation wafer probers, will house a research and development staff. It will also provide additional space and resources for dedicated engineering teams charged with accelerating the development of 300mm wafer probing systems, an integral part of the company's recently announced Cooperative Research and Development Agreement “CRADA” redirects here. For other uses, see CRADA (disambiguation). A Cooperative Research and Development Agreement (CRADA) is an agreement between a government agency and a private company to work together. (CRADA CRADA Cooperative Research And Development Agreement ) with Sandia Corporation, Albuquerque, N.M. As part of its product development roadmap, Electroglas is devoting significant internal resources to the advancement of state-of-the-art probing. A number of new hires and additional staff restructuring have resulted in a significant expansion of the engineering team at the new facility to focus on future products. This team includes vision engineers, electrical, mechanical and software architects, prober development engineers, and advanced interface engineers. Bill Cornwell, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at Electroglas, explained that the company will be working closely with early adopters of 300mm wafers. As substrate sizes increase and device geometries decrease, developing and incorporating new and enhanced probing capabilities will be critical to the testing of devices of the future. "Electroglas intends to stay ahead of the development curve in 300mm probing technology. To do this we must drive future product development," noted Cornwell. According to Timothy Boyle, vice president of engineering for Electroglas, the Advanced Development Laboratory and the elite engineering team demonstrate Electroglas' commitment to develop next-generation 300mm probing technology. "We have strengthened our core competencies in leading-edge technologies to meet the unique challenges posed by 300mm wafers," stated Boyle. About Electroglas: Founded in 1960, Electroglas, Inc. is a world-leading supplier of the automated wafer-probing products that semiconductor manufacturers rely on to sort and classify integrated circuits. The company's products position semiconductor devices that are still in wafer form under contact probes to facilitate accurate, rapid, reliable testing, and manage information collected during the testing process. Electroglas' common stock is traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the trading symbol Trading symbol See: Ticker symbol EGLS. CONTACT: Electroglas Inc. Yolanda Ruiz, 408/727-6500 or MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. Inc. Lisa Gillette, 415/968-8900 |
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