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Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (679)	3/28/2000 6:17:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 723

ESI Receives $3 Million Order for its Laser Drilling Tools From Honeywell's ASTI Business March 28, 2000 04:23 PM Eastern Time PORTLAND, Ore., March 28 /PRNewswire/ -- Electro Scientific Industries Inc. ESIO announced a multiple-unit order for its Model 5200 Laser Drilling systems and system upgrades to Honeywell's Advanced Substrate Technology & Interconnects (ASTI) business. The systems will ship to Honeywell's manufacturing facilities in Costa Mesa, Calif., where they will be used for volume production of advanced semiconductor packaging substrates for the growing telecommunications, consumer products and networking markets. (Photo: newscom.com ) "Honeywell investigated a full range of laser tool technologies to meet our requirements for very small, very accurate holes," said Dick Pommer, Vice President of Research and Development for Honeywell's ASTI business. "ESI's 5200 is the only product that met the cost/performance targets and that has the ability to support ongoing development of our advanced packaging products." "We are pleased with our relationship with Honeywell/ASTI," said Tom Richardson, General Manager of ESI's Advanced Packaging Products. "Honeywell is taking a leadership role in the very advanced packaging substrate market where our products provide enabling capability." ESI's UV laser drilling technology will enable Honeywell/ASTI to drill vias in layered pairs and bond ply material where the smallest via is a 25 um or below allowing Honeywell to increase density while shrinking the package size. This press release may include forward-looking statements, which are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such statements are subject to a number of known and unknown risks and uncertainties that could cause actual results to be materially different, either better or worse, from those discussed. Such risks and uncertainties are numerous and are discussed in more detail in the Company's Annual Report on Form 10-K and interim reports on Form 10-Q and include: the continuing strength of the electronics industry -- which is dependent on many factors including component prices, global economic strength and overall demand for electronic devices used in wireless telecommunications equipment, automotive and consumer electronics and computers (such as miniature capacitors, semiconductor memory devices, and advanced electronic packages); the ability of the Company to respond quickly to customer requirements; the ability of the Company to develop and manufacture new products and enhancements, and to introduce them successfully into the market; and the Company's ability to create and sustain intellectual property protection around its products. About Honeywell Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems, specialty chemicals; fibers; plastics; and electronic and advanced materials. The company employs approximately 120,000 people in 95 countries. Honeywell is traded on the New York Stock Exchange under the ticker symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at: honeywell.com . Advanced Substrate Technology & Interconnects (ASTI) is part of Honeywell's Electronic Materials strategic business unit. ASTI manufactures advanced packaging substrates for the semiconductor industry, such as two-layer Ball Grid Arrays (TBGA) and multi-layer Ball Grid Arrays (MLBGA). About ESI ESI, headquartered in Portland, Ore., designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems. Electro Scientific Industries is traded on the Nasdaq National Market System under the symbol, "ESIO." ESI's web site is esi.com . SOURCE Electro Scientific Industries, Inc.