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Technology Stocks : PRI Automation (PRIA)

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To: Tom Smith who wrote (724)6/24/1999 11:10:00 AM
From: Duker  Read Replies (1) of 1214
 
PRI Awarded Automated Material Handling Order By Hitachi
Competitive Win Expands Presence With Japanese Customers

BILLERICA, Mass., June 24 /PRNewswire/ -- PRI Automation, Inc. (Nasdaq: PRIA - news), the leader in semiconductor factory automation, today announced it has been chosen by Hitachi Semiconductor Systems Europe GmbH to automate its semiconductor manufacturing plant based in Landshut, Germany.

''This is a major win,'' said Mitch Tyson, PRI Automation's president and chief executive officer. ''It is PRI's first factory automation order from a Japanese supplier the size of Hitachi and a key win into our competitor's installed base.''

The fab-wide automation project is for the installation of PRI's new high- speed 200mm products including TurboStocker 200, AeroTrak(TM) 200, and the TransNet(TM) material control software. These products incorporate PRI's 300mm technology.

Hitachi chose PRI Automation after an extensive review of competitive offerings. PRI succeeded because it could automate an existing factory without affecting production as well as provide a solution, which improves overall system delivery times and, therefore, lowers the cost of ownership.

About PRI Automation

PRI Automation, Inc., headquartered in Billerica, Massachusetts, is the leading global supplier of advanced factory automation systems and software 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 in approximately one hundred locations throughout the world. For more information visit PRI online at ( pria.com ).

TransNet is a trademark of PRI Automation. AeroTrak is a registered trademark of PRI Automation.

All other trademarks are the property of their respective company.

SOURCE: PRI Automation, Inc.
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