PRI Automation Appoints R. Brad Lawrence to Lead Factory Systems Division
BILLERICA, Mass., April 12 /PRNewswire/ --PRI Automation, Inc. (Nasdaq: PRIA - news), a global leader in semiconductor factory automation systems, software, and services, today announced the appointment of R. Brad Lawrence as vice president and general manager of the company's Factory Systems Division. Mr. Lawrence, a former Rockwell International senior executive, will report to Mitch Tyson, PRI's president and chief executive officer.
``Brad brings thirty years of sales and marketing, manufacturing operations, and general management experience to PRI, working with complex products used in highly technical environments,'' said Mitch Tyson president and CEO of PRI Automation. ``He will lead the continuing turnaround of the Factory Systems Division so that we will be prepared to meet the needs of our customers when the next industry upturn comes. I look forward to the contributions he will make in helping us take the company to the next level.''
``PRI has established itself as a leader in semiconductor factory automation and I am excited to become part of the team,'' said Brad Lawrence. ``My goal is to help the company fulfill its potential in becoming the automation solution of choice and to ensure that we are prepared to meet the demands for higher levels of automation as the industry continues its transition to 300mm manufacturing.''
Mr. Lawrence has held a variety of senior-level management positions including 20 years at Rockwell International Corporation where he was vice president and general manager, Gas Products Division. Mr. Lawrence joins PRI from Flow International Corporation, a leader in ultra high-pressure technology, where he was executive vice president and COO. He holds a BS degree in Business Administration from Pennsylvania State University and an MBA from the University of Pittsburgh.
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 and management's plans for future operations. 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 our 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. |
