Ibis Technology Corporation Names Two New Directors; Expanding Board To Seven Members.DANVERS, MA--(BUSINESS WIRE)--August 7, 1996--Ibis Technology Corporation (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 :IBIS), the leading supplier of SIMOX See SOI. (Separation by Implantation of Oxygen) wafers to semiconductor manufacturers, today announced that Dr. Dimitri A. Antoniadis and Donald F. McGuinness have been appointed to Ibis' Board of Directors, expanding the Board to seven members. Dr. Antoniadis is Professor of Electrical Engineering at the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, (MIT MIT - Massachusetts Institute of Technology ). He joined the faculty of MIT in 1978 after receiving his Ph.D. in Electrical Engineering from Stanford University. He is a Director of the SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." Center of Excellence for Mircrosystem Technologies at MIT, a Fellow of the IEEE and is the original developer of the industry-standard SUPREM SUPREM Stanford University Process Emulation Module process simulator. His technical activities focus is in the area of semiconductor devices and integrated circuit technology, the physics of diffusion in silicon, silicon-on-insulator technology and devices, and novel concepts in semiconductor device fabrication Semiconductor device fabrication is the process used to create chips, the integrated circuits that are present in everyday electrical and electronic devices. It is a multiple-step sequence of photographic and chemical processing steps during which electronic circuits are gradually . Currently Dr. Antoniadis' research includes silicon-on-insulator (SOI) devices and technology for sub-0.25 micron CMOS. He has served as a consultant to several major semiconductor manufacturers. Mr. McGuinness is the Chairman, President and Chief Executive Officer of Electronic Devices, Inc. (NASDAQ: EDIX) ("EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. "), a manufacturer of memory modules, flat panel displays and diamond technology development. Prior to joining EDI, he held various management and executive positions with Fortune 500 companies, including Texas Instruments Incorporated. Most recently, he was 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. of Sprague Electric Company with responsibility for world-wide manufacturing, engineering and marketing of all products. He currently serves on the Board of Directors of Cabletron Systems, Inc., (NYSE NYSE See: New York Stock Exchange :CS) a networking company, and is a board member of the Massachusetts High Technology Council. Dr. Geoffrey Ryding, President and Chief Executive Officer of Ibis Technology Corporation, stated: "The addition of Dr. Dimitri Antoniadis and Donald McGuinness brings exceptionally strong technical and business experience to our board process. "Dr. Antoniadis is one of the leading, acknowledged world-wide researchers in the area of semiconductor devices and integrated circuit technology. His singular understanding of the unique technological aspects of SIMOX/SOI and their application and transfer to successful new commercial products will be an invaluable resource to our Company. "In his distinguished career that has spanned three decades, Donald McGuinness has earned a reputation as an innovator who has integrated strategic marketing and technology perspectives that have fueled his companies' growth. We are pleased to have someone of his experience and understanding of the strategic and business challenges faced by Ibis assume a seat on our Board. "We welcome the contributions of Dimitri and Donald to Ibis and are grateful for their commitment to Ibis." Ibis Technology Corporation is an advanced materials company which supplies SIMOX wafers to the semiconductor industry. SIMOX wafers are silicon-on-insulator wafers which enable the production of integrated circuits with significant advantages over circuits constructed on conventional bulk silicon or epitaxial wafers. The Company produces SIMOX wafers on an advanced proprietary oxygen implanter, the Ibis 1000, utilizing proprietary processing technologies which the Company believes will enable it to produce SIMOX wafers for demanding high volume commercial applications. CONTACT: Timothy Burns/Debra Carroll Ibis Technology Corporation (508) 777-4247 or John P. Kehoe/Van Negris Kehoe, White, Savage & Co., Inc. (212) 888-1616 |
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