inTEST Receives Largest Order in Company’s History for Optical Transceiver Production Test
December 13 2017 - 8:05AM
inTEST Corporation (NYSE American:INTT), an independent designer,
manufacturer and marketer of thermal management products and
semiconductor automatic test equipment (ATE) interface solutions,
announced today that the Company recently won an order for 112
temperature forcing systems valued at over $2.6 million and
comprised of several different models, from two Asian-based
existing customers. The order, which is expected to ship
before the end of fiscal year 2017, was won by the Company’s
thermal unit, inTEST Thermal Solutions (iTS), a provider of thermal
systems for electronic test and the world’s leading supplier of
temperature systems for use in optical transceiver characterization
and testing.
inTEST Executive Vice President and Chief
Operating Officer, James Pelrin, commented, “This order is
confirmation of the strength and breadth of inTEST’s thermal
solutions temperature systems portfolio. One of the customers
placed the largest order ever received by inTEST for our
ThermoStream® systems from a single customer.
Leading manufacturers of optical transceivers use
ThermoStream to provide rapid temperature transitions with very
precise temperature control.
“Worldwide demand for increased data bandwidth
is driving the need for faster communications in smaller packages.
Transceivers use lasers whose frequency is affected by
temperature and require calibration at various temperature points
at the end of their production cycle where ThermoStream systems are
used.” Pelrin concluded, “This was a competitive bid, with
the win attributable to the systems’ record of long-term reliable
performance, iTS’ ability to meet an aggressive delivery schedule,
and well-established customer support.”
About ThermoStream®
SystemsThermoStreams® are portable systems that
deliver clean dry air for precision temperature testing or
conditioning of electronics (ICs, MEMS, transceivers, or circuits)
and materials. These systems provide precise temperature
control with very fast transitions to reach each temperature,
aiding lab and production test efficiency. The ThermoStream
achieves this by creating a stable environment in seconds.
Using Device-Under-Test (DUT) control, the ThermoStream can
temperature cycle a device from ambient to -20°C in under 10
seconds. With rapid thermal cycling or long saturation at a
precise temperature, these systems optimize throughput for
characterization, verification, thermal shock or failure analysis
applications – at the test bench or on the production floor.
About inTEST
CorporationinTEST Corporation designs and
manufactures engineered solutions for ATE and other electronic
test, as well as industrial process applications. Our
products are used by semiconductor manufacturers to perform
development, qualifying and final testing of integrated circuits
(ICs) and wafers, and for other electronic test across a range of
industries including the automotive, defense/aerospace, energy,
industrial and telecommunications markets. We offer induction
heating products for joining and forming metals in a variety of
industrial markets, including automotive, aerospace, machinery,
wire & fasteners, medical, semiconductor, food & beverage,
and packaging. Specific products include temperature
management systems, induction heating products, manipulator and
docking hardware products, and customized interface
solutions. We have established strong relationships with our
customers globally, which we support through a network of local
offices. For more information visit www.intest.com.
Forward-Looking
StatementsThis press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements do
not convey historical information, but relate to predicted or
potential future events and financial results that are based upon
management's current expectations. These statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements. In addition to the factors mentioned in this press
release, such risks and uncertainties include, but are not limited
to, changes in business conditions and the economy, generally;
changes in the demand for semiconductors, generally; delays in our
production caused by supply chain issues which may impact our
ability to ship large orders to customers on time; changes in the
rates of, and timing of, capital expenditures by our customers;
progress of product development programs; increases in raw material
and fabrication costs associated with our products and other risk
factors set forth from time to time in our SEC filings, including,
but not limited to, our periodic reports on Form 10-K and Form
10-Q. inTEST undertakes no obligation to update the
information in this press release to reflect events or
circumstances after the date hereof or to reflect the occurrence of
anticipated or unanticipated events.
Contacts inTEST CorporationHugh
T. Regan, Jr. Treasurer and Chief Financial Officer Tel:
856-505-8999
Investors:Laura Guerrant-Oiye, PrincipalGuerrant
Associateslguerrant@guerrantir.comTel: (808) 960-2642
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