Credence Selects MVTS to Deliver Ongoing Support for Legacy Product Lines
19 8월 2008 - 8:01AM
Marketwired
Credence Systems Corporation (NASDAQ: CMOS), a provider of test
solutions for the worldwide consumer semiconductor industry,
announced today that it has entered into an exclusive agreement
with MVTS Technologies, LLC, a global provider of support for
legacy automated test equipment (ATE), to offer support for seven
Credence legacy products including Vista, Duo, Quartet, Octet, SC,
Kalos, and EXA.
In addition to purchasing exclusive rights to these Credence
legacy products, MVTS will hire trained field support personnel,
acquire Credence legacy inventory and assume repair services. As a
result of this agreement, Credence customers will benefit from
extended support for end-of-life products, as well as the focus and
commitment of an experienced legacy support provider.
Lavi Lev, president and CEO of Credence, said, "This agreement
demonstrates our continued commitment to provide the best possible
support for our customers. MVTS has a demonstrated track record of
providing excellent service in the ATE industry. At the same time,
it enables us to continue to implement efficient cost savings
measures while we remain focused on our current product
strategy."
Ron Maassen, CEO of MVTS, said, "This alliance with Credence is
fundamental to expanding the product and services portfolio of
MVTS. Our focus is on responding to the needs of legacy ATE users,
and this agreement will augment our existing infrastructure and
expand our market opportunities."
Beginning August 1, 2008 through December 31, 2008, Credence
entered into a transitional partnership period with MVTS during
which all customer support continues as usual and MVTS will employ
field support personnel and initiate product repairs. Effective
January 1, 2009, customers will receive support directly from
MVTS.
About Credence
Credence Systems Corporation is a global provider of automated
test equipment (ATE) solutions to the high growth, consumer
semiconductor industry. Credence is committed to deliver the
highest standards of value -- an optimal combination of technology,
turn-around time, reliability, ease of use, service and support --
to every customer, which enables important cost and performance
advantages for integrated device manufacturers (IDMs), wafer
foundries, outsource assembly and test (OSAT) suppliers and fabless
chip companies worldwide. An ISO 9001-certified company with a
presence in 20 countries, Credence is headquartered in Milpitas,
California. More information is available at www.credence.com.
About MVTS
MVTS Technologies is a leading provider of value-added
refurbished automatic testing equipment (ATE), tester upgrades,
spare parts, and services to the semiconductor industry. MVTS also
provides outsource support and services to the ATE original
equipment manufacturers (OEM). Founded in 1994, MVTS is a global
organization with a presence in 13 countries and is headquartered
in Carlsbad, California. More information is available at
www.mvts.com.
Credence and Credence Systems are trademarks of Credence Systems
Corporation. Other trademarks that may be mentioned in this release
are the intellectual property of their respective owners.
Forward-Looking Statements
This release contains statements that are forward-looking within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding the benefits to Credence
customers from extended support for end-of-life products, as well
as the focus and commitment of an experienced legacy support
provider, the implementation of cost savings measures and the
augmentation of MVTS' existing infrastructure and expansion of
market opportunities. These forward-looking statements involve
important factors that could cause our actual results to differ
materially from those in the forward-looking statements. Such
important factors involve risks and uncertainties including, but
not limited to, the inability of any third party provider to
perform as expected which could materially and adversely affect our
business. Reference is made to the discussion of risk factors
detailed in our filings with the Securities and Exchange
Commission, including our reports on Form 10-K and 10-Q. All
projections in this release are based on limited information
currently available to us, which is subject to change. Although any
such projections and the factors influencing them will likely
change, we will not necessarily update the information, since we
are only to provide guidance at certain points during the year.
Actual events or results could differ materially and no reader of
this release should assume later in the quarter that the
information provided today is still valid. Such information speaks
only as of the date of this release.
Media Relations Contact: Brenda Ropoulos Communications Director
Credence Systems Corporation Phone: 408-635-4309 FAX: 408-635-4986
E-mail: Email Contact
Credence Systems (MM) (NASDAQ:CMOS)
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