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QED Technologies to be Honored as Tibbetts Award Winner

WASHINGTON--(BUSINESS WIRE)--QED Technologies Inc. (QED) of Rochester, New York, has been selected as a winner of the 2007 Tibbetts Award. QED will receive the award during a ceremony hosted by the Small Business Technology Council (SBTC) on Oct. 10 in Washington, D.C.

Named for Roland Tibbetts, acknowledged as the father of the Small Business Innovation Research (SBIR) program, these prestigious national awards are made annually to small firms, projects, organizations and individuals judged to exemplify the very best in SBIR achievement. QED is one of 55 companies in the U.S. to receive this award and was selected from over 4,000 companies that receive contracts and grants under the SBIR program each year.

Since its inception in 1996, QED has participated in over 20 Phase I and II SBIR contracts primarily for the U.S. Army, U.S. Navy and NASA, and with the assistance of SBIR funding, has developed and commercialized a portfolio of polishing systems that have changed the way optics firms manufacture and measure optics today. These optics finishing and metrology technologies have enabled optics firms to produce optics better, faster and cheaper resulting in greater productivity and increased customer satisfaction. "We would like to formally acknowledge our sponsors at the Department of Defense and NASA," said Marc Tricard, Director of Business Development for QED. "Their support has not only aided QED in developing breakthrough technologies for these important organizations, but to serve the global optics manufacturing community as well."

QED has received numerous awards for its business development and technology contributions and has been recognized at local and national levels. Currently, QED has 21 U.S. patents.

The complete list of winners can be found at www.tibbettsawards.org.

ABOUT SMALL BUSINESS TECHNOLOGY COUNCIL

Since its inception in 1995, SBTC (sbtc.org) has played a crucial role in promoting congressional legislation and federal regulations that aid small, technology-based companies--including re-authorization of the SBIR program. For more information, contact Jere Glover with the Small Business Technology Council at (202) 662-9700.

ABOUT QED TECHNOLOGIES

Since it was founded in 1996, QED Technologies, based in Rochester, NY, has built a reputation for producing high quality products based on revolutionary, patented technology, advanced computer numerical control machines and world-class software to provide shop-ready solutions for nearly any precision optics manufacturing need. QED offers state-of-the-art finishing and metrology solutions that are designed to meet the needs of advanced optics manufacturers by increasing production speed and yield while decreasing costs. QED is dedicated to providing revolutionary technical solutions that enable or significantly enhance its customers' capabilities and positively impact their bottom line. QED Technologies is a wholly-owned subsidiary of Cabot Microelectronics Corporation (NASDAQ:CCMP - News). For more information about QED Technologies, visit www.qedmrf.com or contact Robin Townell, Marketing Specialist, at (585) 256-6540 ext. 241.

ABOUT CABOT MICROELECTRONICS CORPORATION

Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the world's leading supplier of CMP slurries used in semiconductor and data storage manufacturing. The company's products play a critical role in the production of the most advanced semiconductor devices, enabling the manufacture of smaller, faster and more complex devices by its customers. Since becoming an independent public company in 2000, the company has grown to approximately 750 employees who work at research and development labs, sales and business offices, manufacturing facilities and customer service centers in China, France, Germany, Japan, Singapore, South Korea, Taiwan, the United Kingdom and the United States. The company's vision is to become the world leader in shaping, enabling and enhancing the performance of surfaces, so the company is leveraging its expertise in CMP slurry formulation, materials and polishing techniques developed for the semiconductor industry and applying it to demanding surface modification applications in other industries where shaping, enabling and enhancing the performance of surfaces is critical to success. For more information about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Amy Ford, Director 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 or trends; growth of the markets in which the company participates; international events; 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; the acquisition of or investment in other entities; and the construction of new or refurbishment of existing 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, 2007 and in the company's annual report on Form 10-K for the fiscal year ended September 30, 2006, both filed with the SEC. Cabot Microelectronics assumes no obligation to update this forward-looking information.

Contact:
Cabot Microelectronics Corporation
Amy Ford, 630-499-2600
Director of Investor Relations
www.cabotcmp.com
or
QED Technologies Inc.
Robin Townell, 585-256-6540 ext. 241
Marketing Specialist
www.qedmrf.com

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