Wednesday June 17, 9:03 am Eastern Time
Company Press Release
IMP, Inc. and Honeywell Enter Analog Technology
Development Program
BiCMOS Analog IC High-Volume Production Process Technology
SAN JOSE, Calif.--(BUSINESS WIRE)--June 17, 1998--IMP, Inc. (NASDAQ:IMPX - news)
today announced the signing of a Joint Technology development agreement with Honeywell's
Micro Switch Division of Freeport, Ill.
The long-term program will develop new analog and mixed-signal integrated circuit (IC)
wafer-manufacturing technology based on an existing IMP BiCMOS process. On completion of
the technology development phase, IMP will provide wafer-manufacturing services to
Honeywell on proprietary analog integrated circuits for sale in the North American and
International markets.
''IMP has a long and successful history of delivering unique analog and high-voltage process
technology to leading OEMs with demanding quality and on-time production requirements,'' said
Barry Wiley, IMP vice president of marketing, sales and applications. ''We look forward to
continuing this tradition as we work with Honeywell to develop the processes and to providing
high-volume wafer fabrication production services on the resulting circuits.
Danny Schoening, director of sensor design and fabrication for Honeywell's Micro Switch
Division, said, ''IMP technologists analyzed our specialized process requirements and
developed a program plan that maximized our proprietary market advantage and minimized our
development risks and time-to-volume production. Volume production capacity and ISO 9001
certification were also key factors in joining with IMP as we strive to serve existing customers
with superior products and enter new strategic markets.''
Honeywell's Micro Switch Division, operating in the company's Sensing & Control business unit
within the Industrial Control business, is a global supplier of control subsystems, sensors,
switches and manual controls. The division's products are used in the automotive, information
technology, appliance, food and beverage, aviation, packaging and material handling markets.
Micro Switch, with headquarters in Freeport, Ill., has manufacturing facilities in Illinois, North
Carolina, Texas and Mexico.
Honeywell is a global controls company focused on creating value through technology that
enhances comfort, improves productivity, saves energy, protects the environment and increases
safety. The company serves customers worldwide in the homes and buildings, industrial, and
aviation and space markets. Honeywell employs 57,500 people in 95 countries and had 1997
sales of $8 billion.
Statements in this press release regarding IMP's business that are not historical facts are
''forward-looking statements'' that involve risks and uncertainties, including, but not limited to
demand for the Company's products, foundry utilization, the ability of the Company to develop
new products, demand by end-users of the products produced by the Company's customers, and
the other risks detailed from time to time in the Company's reports filed with the Securities and
Exchange Commission, including the Company's most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q.
IMP, Inc. is a supplier of analog and high-voltage wafer foundry services and standard-setting
analog integrated circuits for data communications interface and power management applications
in computer, communications, and control systems worldwide. Products are manufactured on
CMOS, BiCMOS, and EEPROM processes in the company's ISO 9001 qualified wafer
fabrication plant in San Jose, Calif.
For further information about IMP products and services, please visit our home page at
impweb.com or Email info@impinc.com. For investor relations information, please
call the IMP shareholder communications service on 1-888-323-2019. This service supplies
IMP shareholders with instant access to comprehensive corporate information by telephone, fax,
and mail.
Company headquarters are located at 2830 North First Street, San Jose, California, 95134-2071.
Telephone: 408/432-9100. Fax: 408/434-0335.
Note to Editors: The photo is also available by calling 408/434-1467.
Contact: |
