Cabot Microelectronics Corporation Receives Ruling From Federal Circuit Court of Appeals
November 14 2011 - 4:05PM
Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s
leading supplier of chemical mechanical planarization (CMP)
polishing slurries and a growing CMP pad supplier to the
semiconductor industry, announced today that the validity of its
tungsten patents remains upheld as the company's appeal in its
patent enforcement action against DuPont Air Products
NanoMaterials, LLC ("DANano") has been decided with the Federal
Circuit Court of Appeals affirming proceedings at the District
Court.
"We continue to be pleased that the validity of all of our CMP
patents at issue in the appeal, which are core patents for tungsten
CMP applications, was confirmed through this legal
process. Although we are disappointed with the affirmation of
the lower court's ruling regarding infringement, we view it as a
narrow one that is not likely to fundamentally affect our
leadership in tungsten CMP slurries, as it relates only to one
aspect of the specific DA Nano products at issue in the case, and
would not extend to other product variations," said H. Carol
Bernstein, Cabot Microelectronics’ Vice President, Secretary and
General Counsel. "We remain committed to the protection of our
significant investment in patent-protected research and
development, which is evident in our many tungsten CMP products
that are world-renowned and in continued high demand for their
excellence with respect to technology, quality, supply assurance,
and overall cost of ownership."
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the world's leading supplier of CMP polishing slurries
and a growing CMP pad supplier to the semiconductor
industry. The company's products play a critical role in the
production of advanced semiconductor devices, enabling the
manufacture of smaller, faster and more complex devices by its
customers. The company’s mission is to create value by
developing reliable and innovative solutions, through close
customer collaboration, that solve today’s challenges and help
enable tomorrow’s technology. Since becoming an independent
public company in 2000, the company has grown to approximately
1,000 employees on a global basis. For more information about
Cabot Microelectronics Corporation, visit www.cabotcmp.com or
contact Trisha Tuntland, Manager of Investor Relations at (630)
499-2600.
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, contraction or trends; growth
or contraction of the markets in which the company participates;
international events, regulatory or legislative activity, or
various economic factors; product performance; the generation,
protection and acquisition of intellectual property, and litigation
related to such intellectual property; new product introductions;
development of new products, technologies and markets; natural
disasters; the acquisition of or investment in other entities; uses
and investment of the company’s cash balance; and the construction
and operation of facilities by Cabot Microelectronics
Corporation. 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
actual results to differ materially from those described by these
forward-looking statements. In particular, see "Risk Factors"
in the company's quarterly report on Form 10-Q for the quarter
ended June 30, 2011 and in the company’s annual report on Form 10-K
for the fiscal year ended September 30, 2010, both filed with the
SEC. Cabot Microelectronics assumes no obligation to update
this forward-looking information.
CONTACT: Trisha Tuntland
Manager, Investor Relations
(630) 499-2600
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