Electroglas Receives Major Order for Its Flagship Horizon 4090 Wafer Probing System from Atmel.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)--Oct. 29, 1997--Electroglas Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EGLS EGLS Eastside German Language School (Issaquah, WA) ), a market-leading supplier of expert wafer probing and information management products to the global semiconductor industry, today announced it has received an order totaling nearly $8 million from long-standing customer Atmel Corp. (San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.), a leading supplier of high-performance, non-volatile memory Refers to memory chips that hold their content without power being applied. It may refer to chips that are not changeable, such as ROMs and PROMs, or to chips that can be rewritten many times such as flash memory. and logic circuits. Atmel is ordering multiple Electroglas flagship Horizon 4090 wafer probing systems. Selected as a result of a competitive evaluation, the 4090s will upgrade Atmel's existing line of Electroglas probers at its fabs in Rousset, France and Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. The probers are scheduled for installation through 1997. 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. Curt Wozniak, Electroglas' chairman and chief executive officer, Atmel's choice to continue with Electroglas probers was a result of the company's ability to drive leading-edge probing technology and support large multifacility ramp-ups. "As the industry transitions to alternate wafer formats and begins to retool re·tool v. re·tooled, re·tool·ing, re·tools v.tr. 1. To fit out (a factory, for example) with a new set of machinery and tools for making a different product. 2. , our ability to provide customers with turnkey sort floor solutions is increasingly critical," noted Wozniak. "Our recent investments in a global infrastructure were a distinct advantage in winning this order because we were able to meet Atmel's immediate probing needs across all architectures, while providing customized global support. We look forward to continue helping Atmel in meeting their advanced program objectives." With this order, Electroglas reports that it has now received over 200 orders for its flagship wafer probing system since its introduction in July 1996. David Durham, Electroglas' director of prober product marketing, said the company continues to experience strong industry-wide demand for the 4090 system. "Its rapid market acceptance results from the Horizon 4090's capability to help chipmakers reach the productivity levels required to successfully manufacture today's most advanced devices," noted Durham. The Horizon 4090s Atmel ordered will be configured with Electroglas' advanced direct probe sensor -- DPS Minicomputer series from Bull HN. 1. (language, text) DPS - Display PostScript. 2. (language) DPS - A real-time language with direct expression of timing requests. ["Language Constructs for Distributed Real-Time PRogramming", I. II -- facilitating automatic probe-to-pad alignment (APTPA), which further enhances productivity on the smallest pad areas. The systems will be used by Atmel in the production of integrated circuit (IC) products for communication equipment, computers and computer peripherals within sectors of the instrumentation, consumer and automotive industries. The Horizon 4090, designed to meet the performance demands of next-generation ICs, offers superior reliability and the industry's highest probing throughput rates. It is also the first and only wafer prober compliant with both Generic Equipment Model (GEM) and Ethernet communication standards, supporting network requirements in any manufacturing environment. In addition, Electroglas supports GEM with one of the most advanced families of information management software products, which enables real-time collection and distribution of data over the prober network, while testing is in progress. Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include semiconductor industry cycles, risks associated with the acceptance of new products and product capabilities, and other factors detailed in the Company's reports on Forms 10-K and 10-Q, and annual report to shareholders. About Electroglas Founded in 1960, Electroglas Inc. is a world-leading supplier of the expert wafer-probing products and information management 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. In May 1997, Electroglas finalized its acquisition of Knights Technology Inc. Knights Technology is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Electroglas. Electroglas' common stock is traded on the Nasdaq National Market under the trading symbol Trading symbol See: Ticker symbol EGLS. Electroglas' home page on the World Wide Web is located at http://www.electroglas.com CONTACT: Electroglas Inc. Maria Apodaca/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. Vincent Mayeda, 415/968-8900 |
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