ITC Issues Final Determination in FormFactor's Wafer Probe Card ITC Action
November 13 2009 - 9:00AM
Marketwired
FormFactor, Inc. (NASDAQ: FORM) announced today The International
Trade Commission (ITC) issued a final determination in the
investigation of probe card manufacturers Phicom Corporation and
Micronics Japan Company, Ltd., Investigation No. 337-TA-621. In the
Final Determination, certain of FormFactor's asserted patent claims
were found valid, but not infringed, and other asserted patent
claims were found invalid. The ITC has terminated the investigation
without issuing an exclusionary order against any products. The ITC
released only a three-page notice and indicated that the full Final
Determination would be issued later.
The Company will carefully evaluate the Final Determination when
it becomes available and assess further proceedings, including any
potential appeal to the U.S. Court of Appeals for the Federal
Circuit, and the pending district court patent infringement
litigations against Phicom and Micronics, which were stayed after
initiation of the ITC investigation and include other FormFactor
patents not at issue before the ITC. The company remains committed
to protecting its intellectual property rights, and preventing the
unauthorized use of its intellectual property.
FormFactor's advanced wafer probe card products and solutions
are relied upon by its customers to increase their testing
efficiency and enable their technology roadmaps. The Company
believes the Final Determination will have no immediate business
impact.
Forward-Looking Statements
Statements in this press release that are not strictly
historical in nature are forward-looking statements within the
meaning of the federal securities laws, including statements
regarding our products and solutions, demand for our products and
future growth. These forward-looking statements are based on
current information and expectations that are inherently subject to
change and involve a number of risks and uncertainties. Actual
events or results might differ materially from those in any
forward-looking statement due to various factors, including, but
not limited to: the company's ability to defend its intellectual
property rights in the United States and elsewhere in the world;
losses or adverse rulings relating to the company's intellectual
property or intellectual property litigations, including any
invalidation or limitation of the company's patents; changes in
patent laws, regulation or enforcement, or other factors that might
affect the company's ability to protect its intellectual property;
and the company's ability to develop, manufacture and deliver
customized technologies and products that meet its customers'
ever-evolving test requirements, lower their overall cost of test
and enable their technology roadmaps. Additional information
concerning factors that could cause actual events or results to
differ materially from those in any forward-looking statement is
contained in the company's Form 10-K for the fiscal year ended
December 27, 2008 and Form 10-Q for the fiscal quarter ended
September 26, 2009 as filed with the Securities and Exchange
Commission ("SEC"), and subsequent SEC filings. Copies of the
company's SEC filings are available at
http://investors.formfactor.com/edgar.cfm. The company assumes no
obligation to update the information in this press release, to
revise any forward-looking statements or to update the reasons
actual results could differ materially from those anticipated in
forward-looking statements.
About FormFactor
Founded in 1993, FormFactor, Inc. (NASDAQ: FORM) is the leader
in advanced wafer probe cards, which are used by semiconductor
manufacturers to electrically test ICs. The company's wafer sort,
burn-in and device performance testing products move IC testing
upstream from post-packaging to the wafer level, enabling
semiconductor manufacturers to lower their overall production
costs, improve yields, and bring next-generation devices to market.
FormFactor is headquartered in Livermore, California, with
operations in Europe, Asia and North America. For more information,
visit the company's web site at www.formfactor.com.
FormFactor and the FormFactor logo are registered trademarks of
FormFactor, Inc. All other product, trademark, company or service
names mentioned herein are the property of their respective
owners.
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Investor Contact: Michael Magaro Investor Relations (925)
290-4321 Email Contact Trade Press Contact: David Viera Corporate
Communications (925) 290-4681 Email Contact
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