Kulicke & Soffa Launches ConnX-LED.FORT WASHINGTON Fort Washington, military post during the American Revolution, situated on the highest point of Manhattan island, New York City, overlooking the Hudson River opposite Fort Lee, N.J. , Pa. -- Kulicke & Soffa Industries, 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 :KLIC) today announced the formal launch of ConnX-LEDPS(TM) automatic ball bonder--an extension of the company's leading ConnXPS(TM) bonding platform. With new features and enhancements specifically designed for LED applications, ConnX-LED will help K&S customers increase their efficiency and productivity, and meet the challenges of the fast-paced, high growth LED market. ConnX-LED offers all of the features required for bonding LED packages, including accuracy to +/- 3.5 m, automatic recovery paths for common production stoppages, programmable back-up power and many others--providing customers with reduced cost of ownership in a highly competitive market space. ConnX-LED joins iStackPS(TM), ICONNPS(TM) ConnX, and ConnX-VLEDPS(TM) in Kulicke & Soffa's Power Series platform, the next generation of semiconductor assembly equipment for today's most challenging applications. Driven by the most powerful X-Y-Z motion control system available on the market, Power Series products deliver the highest levels of speed, accuracy and throughput for reduced cost of ownership for the segment that the respective model serves. Commenting on the announcement, Scott Kulicke, Chairman 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 Kulicke & Soffa, said, "Recent industry research projects a 20% annual growth rate in total LED demand through 2012, as LED backlight back·light n. A type of spotlight, used in photography, that illuminates a subject from behind. tr.v. back·light·ed or back·lit , back·light·ing, back·lights displays and energy-saving lighting solutions continue to penetrate their market niches. The launch of ConnX-LED is just one of the steps we've taken recently to optimize our product portfolio and distribution approach to address this market, one we have not traditionally served. We believe that we are now well positioned with the right products and sales infrastructure to gain meaningful share in this important and growing segment." ConnX-LED will debut at the 11th China International Optoelectronics See optoelectronic. Expo, held at the Shenzhen Convention and Exhibition Center in Shenzhen, PRC September 6-9, 2009. About Kulicke & Soffa Kulicke & Soffa "K&S" (NASDAQ:KLIC) is a global leader in the design and manufacture of semiconductor assembly equipment. As a pioneer in this industry, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions, adding die and wedge bonders and a broader range of expendable tools to its core ball bonding Ball bonding is a type of wire bonding, and is the most common way to make the electrical interconnections between a microchip and the outside world as part of semiconductor device fabrication. products. Combined with its extensive expertise in process technology, K&S is well positioned to help customers meet the challenges of assembling the next-generation semiconductor devices. (www.kns.com) Caution Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. In addition to historical statements, this press release contains statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and include, but are not limited to, statements that relate to the strength and growth of LED demand, future demand for our products, and benefits to our customers from our products and services. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to the risk that volatile global economic conditions may result in, among other things, sharply lower demand for products containing semiconductors and for the Company's products; the risk of failure to successfully manage our operations; the risk that anticipated customer orders may not materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. or that orders received may be postponed or canceled, generally without charges; the volatility in the demand for semiconductors and our products and services; the risk that we may not be able to develop and manufacture new products and product enhancements on a timely and cost effective basis; acts of terrorism and violence; risks, such as changes in trade regulations, currency fluctuations, political instability and war, associated with a substantial foreign customer and supplier base and substantial foreign manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. ; and the factors listed or discussed in Kulicke and Soffa Industries, Inc. 2008 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and our other filings with the Securities and Exchange Commission. Kulicke & Soffa Industries is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. |
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