Ceradyne, Inc.'s SemEquip, Inc. Subsidiary Licenses Its Implant Technology to Nissin Ion Equipment Co. Ltd.
December 05 2011 - 7:30AM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) announced that its SemEquip, Inc.
subsidiary has licensed its technology including applicable patents
related to its cluster ion implant hardware to Nissin Ion Equipment
Co. Ltd. of Kyoto, Japan. Simultaneously with this license and
royalty agreement, Nissin Ion Equipment USA, Inc. has purchased
certain assets and assumed related SemEquip obligations, including
facility leases. Nissin intends to hire many of the former SemEquip
employees in order to continue the development, manufacturing and
marketing of the ion implant hardware. SemEquip will continue to
market its cluster ion chemistry, particularly boron cluster ions
such as B18H22 to the semiconductor industry.
SemEquip has been working together with Nissin for over ten
years on this technology and associated semiconductor ion implant
equipment.
Nissin Ion Equipment, a leader in ion implant technology, is
owned by Nissin Electric Co., Ltd. in Japan which, in turn, is a
subsidiary of Sumitomo Electric Industries, Ltd.
Ceradyne did not disclose financial terms of this non-exclusive
license and royalty agreement nor the asset purchase agreement.
Mr. David Reed, Ceradyne Vice President and President of North
American Operations, commented: "We are very pleased with these
agreements between SemEquip and Nissin. One of the key strategies
of SemEquip was to have its cluster ion equipment accepted in the
semiconductor industry in order to create a viable market for its
patented boron chemical products, which tie in directly to Ceradyne
Boron Products (Quapaw, Oklahoma) boron ten (B10) and boron eleven
(B11) isotope manufacturing facility. We believe that this hardware
license agreement with Nissin will accelerate the semiconductor
industry's acceptance and use of Ceradyne and SemEquip's boron
products."
About Ceradyne, Inc. Ceradyne develops, manufactures, and
markets advanced technical ceramic products and components for
defense, industrial, energy, automotive/diesel, and commercial
applications. In many high performance applications, products made
of advanced technical ceramics meet specifications that similar
products made of metals, plastics or traditional ceramics cannot
achieve. Advanced technical ceramics can withstand extremely high
temperatures, combine hardness with light weight, are highly
resistant to corrosion and wear, and often have excellent
electrical capabilities, special electronic properties and low
friction characteristics. Additional information about the Company
can be found at http://www.ceradyne.com.
Forward-Looking Statements Except for the historical information
contained herein, this press release contains forward-looking
statements regarding future events and the future performance of
Ceradyne that involve risks and uncertainties that could cause
actual results to differ materially from those projected. Words
such as "anticipates," "believes," "plans," "expects," "intends,"
"future," and similar expressions are intended to identify
forward-looking statements. These risks and uncertainties are
described in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2010 and its Quarterly Reports on
Form 10-Q as filed with the U.S. Securities and Exchange
Commission.
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