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Technology Stocks : PRI Automation (PRIA)

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To: Ian@SI who wrote (1163)7/18/2001 6:09:37 PM
From: Proud_Infidel   of 1214
 
PRI Releases The Next Generation 300mm Loadport: Series 1000
Series 1000 Component Instrumental to PRI's Next Generation Integrated Front-End System
SAN FRANCISCO -- SEMICON West, Booth #6168 -- July 18 /PRNewswire/ -- PRI Automation, Inc. (Nasdaq: PRIA - news), a global leader in factory automation systems, software, and services to the semiconductor industry, today released the next generation Series 1000, 300mm Loadport. For use in today's 300mm fabs, the Series 1000 is a critical component to PRI's Integrated Front-End (IFE) system, and provides OEM tool manufacturers with an OEM-configurable, automated wafer-handling solution.

``Our OEM customers are not only looking for the latest system components to perform reliably, they are looking for solutions that are configurable to their end-users' requirements -- allowing for more complete automation and easier integration,'' said Robert de Neve, vice president and general manager of PRI's OEM Systems Division. ``The next generation Series 1000, 300mm Loadport solves the challenges that our OEM customers face when having to configure numerous end-user requirements into their existing platforms, and works as a perfect complement to PRI's next generation IFE.''

The Series 1000 is the first of the 300mm loadports to comply with the recently introduced FOUP Interoperability standards, and serves as the critical interface between the IFE and a fab's Automated Material Handling System (AMHS) or manual loading systems (PGV's).

The component is ideally suited for 300mm manufacturing, as it anticipates all next generation factory automation requirements including the International Technology Roadmap for Semiconductors (ITRS). In addition, it meets the latest industry compliance and standard requirements including CE, S2-93, S8, E78 (ESA/ESD immunity), F47 (voltage sag) and Sematech's 300mm guidelines.

About PRI Automation

PRI Automation, Inc., headquartered in Billerica, Massachusetts, is a leading global supplier of advanced factory automation systems, software, and services that optimize the productivity of semiconductor and precision electronics manufacturers as well as OEM process tool manufacturers. PRI is the only company to provide a tightly integrated and flexible hardware and software solution that optimizes the flow of products, data, materials and resources throughout the production chain. The company has thousands of systems installed at approximately one hundred locations throughout the world. For more information, visit PRI online at www.pria.com.

Safe Harbor Statement

This release includes forward-looking statements, including, without limitation, statements relating to the expected benefits of PRI Automation products. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include; (i) the manner in which the customer uses the products and integrates them with other third party components; (ii) the ability of the Company to continue to successfully develop and market new products and product enhancements on a timely basis; (iii) the cyclicality of the semiconductor industry and the rapid technological change that characterizes the industry in which the Company competes; (iv) uncertainties affecting global markets and currencies, the effects of possible delays by semiconductor manufacturers in the adoption of 300 mm wafer manufacturing and other new technologies, (v) changes in our product sales mix; (vi) competitive factors, such as introduction of new products or technologies by our competitors, and pricing pressures; (vii) the possible impact of any mergers and acquisitions activity by the Company and its ability to successfully integrate and operate any acquired businesses; (viii) business and economic conditions affecting the semiconductor manufacturing equipment industry generally; (ix) and other factors identified in our registration statement on Form S-3, file number 333- 34584, as filed with the Securities and Exchange Commission on April 12, 2000 and amended thereafter. We assume no obligation to update any forward-looking information contained in this release.
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