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Technology Stocks : PRI Automation (PRIA)

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To: Proud_Infidel who wrote (881)2/4/2000 4:51:00 PM
From: orkrious  Read Replies (1) of 1214
 
Former Principal Engineer of PRI Automation, Inc. Forms Intrabay Automation, Inc., the First Global Provider of Next-generation Semiconductor Factory Automation

Doesn't this guy have a non-compete agreement? Can anyone hazard a guess as to how successful this company will be?

newsalert.com

PACIFIC GROVE, Calif.--(BUSINESS WIRE)--Feb. 4, 2000--

Intrabay Automation, Inc.(TM) Establishes World Headquarters near
Silicon Valley
Intrabay Automation, Inc. (www.intrabayautomation.com), the first and only global provider of next-generation factory automation, today announced the opening of its world headquarters. Intrabay Automation's Chief Executive Officer, Paul Whalen, formerly Principal Engineer of PRI Automation, Inc. (NASDAQ:PRIA), formed Intrabay Automation to pioneer new factory automation technologies. In addition to his experience at PRI Automation, Whalen held positions at Intel, Hughes Aircraft and Los Alamos National Laboratories.

"Intrabay Automation's patent pending technology optimizes manufacturing productivity within semiconductor fabs in a revolutionary way," said Whalen. "Our smart factory automation solutions provide significantly higher reliability at unprecedented lower costs than the industry leaders." Whalen will unveil the company's products later this month.

C. William Hennessey, Vice President, will be responsible for all sales at Intrabay Automation, which is headquartered at 173 Central Avenue, Pacific Grove, California. The company's products will be sold through strategic manufacturer's representatives. Announcements will be made to this regard in the coming weeks.

About Intrabay Automation, Inc.

Intrabay Automation, Inc., is the first and only provider of next-generation factory automation solutions that enable semiconductor manufacturers to protect valued product throughout the manufacturing process, while optimizing manufacturing productivity and increasing profitability. Intrabay Automation is pioneering revolutionary technologies that outperform previous automation systems and provide semiconductor manufacturers and Original Equipment Manufacturers automated manufacturing solutions for the transfer of wafers and information between process equipment and the production line.

Intrabay Automation, Inc. was founded in August 1999, and is privately held and headquartered in Pacific Grove. For more information, please visit intrabayautomation.com.
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