Aurora, IL, April 10, 2013 (GLOBE NEWSWIRE) -- 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 it
was named as one of only eight companies receiving Intel
Corporation's Supplier Continuous Quality Improvement (SCQI) award
for its performance in 2012. Cabot Microelectronics
Corporation is recognized for its significant contributions in
providing Intel with CMP slurries and pads, deemed essential to
Intel's success.
"We are proud to receive the prestigious
Supplier Continuous Quality Improvement (SCQI) award from Intel, a
key strategic customer," stated William Noglows, Cabot
Microelectronics' Chairman and CEO. "We have been honored to
receive five Preferred Quality Supplier awards from Intel over the
last six years. The criteria to win the SCQI award are
rigorous, and we believe this recognition exemplifies our
commitment to be a long term strategic partner to Intel, delivering
the highest standards for quality, manufacturing efficiency and
technology. We are proud to be distinguished as a world-class
supplier among Intel's broad supply chain."
"I would like to congratulate Cabot
Microelectronics for winning the prestigious Intel SCQI award for
2012! Cabot Microelectronics' dedication to delivering high
quality and advanced CMP slurry products is considered world-class.
Intel is pleased to recognize your achievements in driving
continuous improvement and exceptional quality systems throughout
your supply chain," stated Tim Hendry, Intel Corporation Vice
President and Fab Materials Operation Director.
The SCQI award is part of Intel's SCQI program
that encourages Intel's key suppliers to strive for excellence and
continuous improvement. To qualify for SCQI status, suppliers
must score at least 95 percent on a report card that assesses
performance and ability to meet cost, quality, availability,
delivery, technology, environmental, social and governance goals.
Suppliers must also achieve 90 percent or greater on a
challenging improvement plan and demonstrate solid quality and
business systems. Additional information about the SCQI
program is available at www.intel.com/go/quality.
A celebration to honor SQCI award winners was
held in Santa Clara on April 9, 2013. An announcement with
further information on this award can be found on Intel's website
at http://intel.com/.
Intel is a trademark or registered trademark of Intel
Corporation or its subsidiaries in the United States and other
countries.
Other names and brands may be claimed as the
property of others.
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 1,050 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; financing facilities
and related debt, payment of principal and interest, and compliance
with covenants and other terms; the company's capital structure;
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
December 31, 2012 and in the company's annual report on Form 10-K
for the fiscal year ended September 30, 2012, 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
Cabot Microelectronics Corporation
View printer-friendly version