Photronics Receives Supplier Excellence Award from Analog Devices, Inc.
April 16 2012 - 4:00PM
Business Wire
Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in supplying
innovative imaging technology solutions for the global electronics
industry, today announced that Analog Devices, Inc. (NASDAQ: ADI)
awarded Photronics with its Supplier Excellence Award in the
Special Achievement category for support throughout 2011. This is
the third supplier excellence award that Photronics has received
from Analog Devices.
The Analog Devices Supplier Excellence awards are based on an
exacting supplier rating program and recognizes those companies
that differentiate themselves through consistently outstanding
performance, continuous improvement, strategic contribution to
Analog Devices' technology and market leadership, anticipation and
delivery of cost reduction initiatives, and exemplary commitment to
manufacturing and quality. Analog Devices is a leading manufacturer
of precision high-performance integrated circuits used in analog
and digital signal processing applications.
Dr. Peter S. Kirlin, Photronics' senior vice president of the
U.S. and Europe, commented, “It is an honor to be recognized once
again for our comprehensive work on behalf of Analog Devices.
Photronics strives to maintain outstanding value, quality and
customer service and we appreciate the fine working relationship we
have with the Analog Devices team across many levels and
continents. We received our first Supplier Excellence Award in
2003, our second in 2007, and this year’s award affirms that our
work together continues to develop and strengthen every year. We
appreciate Analog Devices’ vote of confidence in awarding
Photronics the coveted 2011 Supplier Excellence Award and look
forward to continuing our highly productive partnership.”
“Analog Devices presents this special achievement award to
Photronics Inc. in recognition of the outstanding support provided
to Analog Devices Inc. throughout fiscal year 2011,” commented
Vincent Simonelli, director of global purchasing for Analog
Devices, Inc. “Their ongoing commitment to excellence in customer
service on a 24/7 basis and the support provided by the entire team
at Photronics enabled ADI to achieve our cycle time targets for the
release of new products to production in our wafer
fabs. Photronics Inc. also provided excellent technical
support to ADI and interface on a regular basis with both our
technical and procurement organizations. In recognition of the
customer service and support provided in 2011 and the long standing
business relationship between our two companies, we are delighted
to present this award to Photronics, Inc.”
Photronics is a leading worldwide manufacturer of photomasks.
Photomasks are high precision quartz plates that contain
microscopic images of electronic circuits. A key element in the
manufacture of semiconductors and flat panel displays, photomasks
are used to transfer circuit patterns onto semiconductor wafers and
flat panel substrates during the fabrication of integrated
circuits, a variety of flat panel displays and, to a lesser extent,
other types of electrical and optical components. They are produced
in accordance with product designs provided by customers at
strategically located manufacturing facilities in Asia, Europe, and
North America. Additional information on the Company can be
accessed at www.photronics.com.
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for forward-looking statements made by or on behalf
of Photronics, Inc. and its subsidiaries (the Company). The
forward-looking statements contained in this press release and
other parts of Photronics’ web site involve risks and uncertainties
that may affect the Company’s operations, markets, products,
services, prices, and other factors. These risks and uncertainties
include, but are not limited to, economic, competitive, legal,
governmental, and technological factors. Accordingly, there is no
assurance that the Company’s expectations will be realized. For a
fuller discussion of the factors that may affect the Company's
operations, see "Forward Looking Statements" in the Company's
Quarterly and Annual Reports to the Securities and Exchange
Commission on Forms 10-Q and 10-K. The Company assumes no
obligation to provide revisions to any forward-looking
statements.
About Analog Devices
Innovation, performance, and excellence are the cultural pillars
on which Analog Devices has built one of the longest standing,
highest growth companies within the technology sector. Acknowledged
industry-wide as the world leader in data conversion and signal
conditioning technology, Analog Devices serves over 60,000
customers, representing virtually all types of electronic
equipment. Analog Devices is headquartered in Norwood,
Massachusetts, with design and manufacturing facilities throughout
the world. Analog Devices is included in the S&P 500 Index.
07-2012
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