Cabot Microelectronics Announces Acquisition Of CMP Slurry Patents From IBM
July 05 2006 - 7:15AM
Business Wire
Cabot Microelectronics Corporation (Nasdaq: CCMP), the world's
leading supplier of chemical mechanical planarization (CMP)
polishing slurries to the semiconductor industry, announced today
that it has entered into a patent assignment agreement with the
International Business Machines Corp. ("IBM"). Under the terms of
the agreement, the company has acquired a number of patents and
associated rights relating to CMP slurry technology from IBM,
including various applications such as copper, copper barrier,
tungsten, and dielectrics, among others. "As the technology leader
in CMP slurries, we are delighted to have acquired these patents
from IBM. We believe these technology rights will enhance our
competitive advantage and expand our already substantial
intellectual property portfolio," stated William P. Noglows, Cabot
Microelectronics' Chairman and Chief Executive Officer. "For almost
twenty years, since the early days of CMP technology, we have had a
productive and collaborative relationship with IBM as an important
customer, and we believe that this acquisition of CMP slurry
patents reflects and furthers this positive relationship and our
ability to bring value to all of our customers." About Cabot
Microelectronics Cabot Microelectronics Corporation, headquartered
in Aurora, Illinois, is the world's leading supplier of CMP
slurries used in semiconductor and data storage manufacturing.
Since becoming an independent public company in 2000, the company
has grown to approximately 650 employees who work at research and
development labs, sales and business offices, manufacturing
facilities and customer service centers in China, France, Germany,
Japan, Singapore, South Korea, Taiwan, the United Kingdom and the
United States. The company's products play a critical role in the
production of the most advanced semiconductor devices, enabling the
manufacture of smaller, faster and more complex devices by its
customers. In addition to its core CMP business, the company's
vision looks beyond the semiconductor industry to become the world
leader in shaping, enabling and enhancing the performance of
surfaces. For more information about Cabot Microelectronics
Corporation, visit www.cabotcmp.com or contact Barbara Ven Horst,
Director of Investor Relations at (630) 375-5412. Safe Harbor
Statement: This news release may include statements that constitute
"forward-looking statements" within the meaning of federal
securities regulations. These forward-looking statements include
statements related to future sales and operating results, company
and industry growth and trends, growth of this market,
international events, product performance, the generation,
acquisition and protection of intellectual property, new product
introductions and development of new products and technologies by
Cabot Microelectronics. These forward-looking statements involve a
number of risks, uncertainties, and other factors, including those
described from time to time in Cabot Microelectronics' filings with
the Securities and Exchange Commission (SEC), that could cause the
actual results to differ materially from those described by these
forward-looking statements. In particular, see "Risks Relating to
Our Business" in Management's Discussion and Analysis in our
quarterly report on Form 10-Q for the quarter ended March 31, 2006,
and our Annual Report on Form 10-K for the fiscal year ended
September 30, 2005, both filed with the SEC. Cabot Microelectronics
Corporation assumes no obligation to update this forward-looking
information.
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