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Technology Stocks : ESIO: Electro Scientific Inds.
ESIO 29.990.0%Feb 1 4:00 PM EST

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To: mopgcw who wrote (31)10/16/2002 9:35:35 PM
From: mopgcw   of 43
 
ESI Receives $1.25M Order from Amotech for Electronic Component Systems
Wednesday October 16, 9:01 am ET

PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 16, 2002--Electro Scientific Industries, Inc. (Nasdaq:ESIO - News) announced today a $1.25M order for Electronic Component Systems equipment from Amotech Co. Ltd., a manufacturer of varistors used in home appliances, computers, automobiles, telecommunications and industrial equipment.
The first system shipped during September, 2002. The remaining systems will ship during ESI's second fiscal quarter, ending on November 30, 2002, to Seoul, Korea, where Amotech has an installed base of ESI systems.

"We have always depended on ESI to provide innovative technology," said Kwang-O Kim, General Manager of Amotech's Ceramic Division. "As we have expanded, ESI has supplied a full range of varistor test and termination systems, including the best and most cost-effective visual test solution available."

"With the complexity of advanced devices, circuit protection is more critical, especially in next generation mobile phones," said Keith Taft, vice president of ESI's electronic component production equipment business. "Varistors excel at protecting ICs from voltage surges and offer a better price/performance ratio over previously used devices. While MLCC demand is in slow recovery, varistors are an emerging market, representing double digit growth in the components sector."

Amotech's order includes three visual test systems, two Model 6650As for chips and one Model 6670 for arrays. ESI visual test systems use structured LED lighting and three images of each side of the component for high-speed automatic detection of two- and three-dimensional defects. With a throughput of up to 60,000 parts per hour, ESI visual test systems eliminate the need for manual inspection.

Amotech also ordered a Model 3430, a flexible electrical test system for arrays, and two Model 3330 high-throughput systems, with the capacity to test up to 150,000 chips per hour. For terminating components, ESI will supply a Model 752B for arrays and a Model 325 for smaller chip sizes, down to 0402, or 0.04 x 0.02 of an inch.

Statements in this press release may include forward looking statements that involve a number of risks and uncertainties that could cause actual results to materially differ, either better or worse, from those discussed, including volatility in the electronic equipment market and the company's ability to meet production schedules. Such risks and uncertainties are numerous and are identified in the Company's Annual Report on Form 10-K and interim reports on Form 10-Q.

About Amotech

Amotech, a technology-oriented company, is proud of its R&D facilities and intellectual human resources. With headquarters in Seoul, Korea, Amotech has a long record of investment in basic materials technology research focused on amorphous alloy, dielectric ceramics, and circuit design. Amotech maintains a close relationship with local universities and national and international laboratories through consortium programs and cooperative research. Through such cooperative research work, Amotech remains on the forefront of new developments in the field and maintains its high standard of research. For more information, visit Amotech's website at www.amotech.co.kr.

About ESI

ESI, headquartered in Portland, Ore., supplies high-value, high-technology manufacturing equipment to the global electronics market. Using its expertise in laser/material interaction, small parts handling, machine vision and real-time control systems, the company enables the production of leading-edge products for customers in the semiconductor, passive component and electronic interconnect markets. ESI's web site is esi.com.
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