IBIS now at 7 1/4 on big volume (warrants, IBISW, at 2 5/16 asked); presumably due to the following news. There was some resistance in place at 7 1/8; next level of resistance appears to be at 8 1/8.
Wednesday May 21 9:25 AM EDT
Company Press Release
IBIS Technology Reports SIMOX-SOI Technology is
Adopted in Commercial Product
DANVERS, MA--(BUSINESS WIRE)--May 21, 1997--
Mitsubishi Electric Corporation Announces
Commercial Product Fabricated on SIMOX-SOI
IBIS' Strategic Partner Mitsubishi Materials
Supplying SIMOX-SOI Wafers to Mitsubishi Electric
Ibis Technology Corporation (NASDAQ:IBIS), the leading supplier of SIMOX-SOI (Separation
by Implantation of Oxygen / Silicon-on-Insulator) wafers to the semiconductor manufacturers,
today announced that Mitsubishi Electric Corporation (MELCO) reported that it is marketing a
device fabricated on SIMOX-type silicon-on-insulator (SOI) wafers, most of which are Ibis
products being supplied by Mitsubishi Materials Corporation (MMC). MMC is Ibis' strategic
partner who has the exclusive rights to sell Ibis' SIMOX-SOI wafers in Japan.
Mitsubishi Electric Corporation stated that it is marketing a new SOI-based 560K-gate master
array that uses 0.35 micron, three-level metal processes, operating at 1 to 2 volts and 50 to 150
MHz, respectively, and having the power consumption of 0.05 micro W/MHz/gate. The new
array's performance characteristics are well suited to high-speed/low-power applications such as
components for portable electronic products. MELCO indicated that it intends to begin taking
orders for the new devices in July, 1997 with sampling quantities becoming available in November,
1997.
Nobuyuki Hayashi, Manager of the Technology Department of the Silicon Division of Mitsubishi
Materials Corporation, stated: ``We are honored to support Mitsubishi Electric Corporation's
growing requirements for high quality Ibis SIMOX-SOI wafers. This is a very exciting development
for the Japanese market.''
Using the new device, MELCO announced that it has prototyped a 192-kbit SRAM, which is 55
percent faster than a corresponding device built on conventional bulk silicon, and an ATM IC
(asynchronous transfer mode integrated circuit) operating on 2 volts at 156 MHz, with power
consumption estimated to be one-third that of bulk devices.
Dr. Michael Alles, Director of Marketing and Applications Engineering of Ibis Technology
Corporation, said: ``These prototype devices are typical examples of the ability to maintain high
speed operation at reduced power consumption levels, made possible through the use of
SIMOX-SOI-based technology. We believe that this development reflects the on-going progress
our diverse customer base is making toward marketing devices built on SIMOX-SOI for use in
commercial applications.''
Dr. Geoffrey Ryding, President and Chief Executive Officer of Ibis Technology Corporation,
commented: ``We are pleased by this development as these are among the first
SIMOX-SOI-based commercial devices being marketed. The close collaborative relationship with
our strategic partner, Mitsubishi Materials Corporation, was a key factor throughout the entire
sampling-testing-full circuit evaluation sales cycle.''
``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: The
statements contained in this press release which are not historical fact are forward-looking
statements based upon management's current expectations that are subject to risks and
uncertainties that could cause actual results to differ materially from those set forth in or implied by
forward-looking statements, including, but not limited to, product demand and market acceptance
risks, general economic conditions, the impact of competitive products, technologies and pricing,
equipment capacity and supply constraints or difficulties, the cyclical nature of the semiconductor
industry, and other risks described in the Company's Securities and Exchange Commission filings.
Ibis Technology Corporation is an advanced materials company which supplies SIMOX-SOI
wafers to the semiconductor industry. SIMOX-SOI wafers are silicon-on-insulator wafers which
enable the production of integrated circuits with significant advantages over circuits constructed on
bulk silicon or epitaxial wafers. The Company produces SIMOX-SOI wafers on advanced
proprietary Ibis 1000 oxygen implantation equipment, utilizing proprietary processing technologies
which the Company believes will enable it to produce SIMOX-SOI wafers for demanding high
volume commercial applications.
NOTE: Information about Ibis Technology Corporation and SIMOX-SOI is available on Ibis's
World Wide Web site on the Internet located at ibis.com. |
