28.02.2006 20:00:00
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INFICON Acquires Electro Dynamics Crystal Corp.; Acquisition Strengthens INFICON Position in Vacuum Coating for Optics and Display Markets
Lukas Winkler, president and chief executive officer, commented,"Increasing demand for displays for mobile phones, computers, digitalcameras and other consumer electronics, as well as wirelesscommunications and other technologies, demonstrates we can expectincreasing demand for high quality, competitively priced quartz-basedproducts. Our acquisition of EDC will boost our position in theoptical coating and display markets, already an important area forINFICON.
"The acquisition, which will be accretive for the fiscal year2006, provides INFICON with a significant competitive advantagethrough supply chain vertical integration. We will now manufacture andsell the quartz crystal resonators that are essential to themanufacture of quartz crystal products used in thin film monitoringand control instruments. We will also offer a complete line ofoscillator products for telecommunications networks, wireless productsand electronic testing equipment.
"We are excited about our acquisition of EDC not only because ofthe potential for expanding our position in this important market butalso because of our shared business philosophy. EDC has served as anexcellent supplier to INFICON for many years, and we know first-handthat our two companies are aligned in our emphasis on providingsuperior products and service to our customers."
Founded in 1963, EDC is located in Overland Park, Kansas and hasapproximately 60 employees. Tim Abbott, previously president of EDC,will be president of INFICON EDC Inc.
Terms of the transaction were not disclosed.
ABOUT INFICON
INFICON is a leading developer, manufacturer and supplier ofinnovative instrumentation, critical sensor technologies, and advancedprocess control software for the semiconductor and vacuum-coatingindustries and other industrial applications. These analysis,measurement and control products are vital to original equipmentmanufacturers (OEMs) and end-users in the complex manufacturing ofsemiconductors, flat panel displays, magnetic and optical storagemedia and precision optics. INFICON also provides essentialinstrumentation for gas leak detection to the airconditioning/refrigeration industries and toxic chemical analysis forthe emergency response and security markets. Headquartered inSyracuse, New York, INFICON has world-class manufacturing facilitiesin the United States and Europe and worldwide offices in the U.S.,China, France, Germany, Japan, Korea, Liechtenstein, Singapore,Switzerland, Taiwan, and the United Kingdom. INFICON is a publiclylisted company, registered with the Swiss Stock Exchange (SWX). Formore information about INFICON and its products, please visitwww.inficon.com.
This press release and oral statements or other written statementsmade, or to be made, by us contain forward-looking statements that donot relate solely to historical or current facts. Forward lookingstatements can be identified by the use of words such as "may","believe", "will", "expect", "project", "assume", "estimate","anticipate", "plan", "continue", "resumes", "opportunity,""potential", "outlook", "forecast" or "guidance." Theseforward-looking statements address, among other things, our strategicobjectives, trends in vacuum technology and in the industries thatemploy vacuum instrumentation, such as the semiconductor and relatedindustries and the anticipated effects of these trends on ourbusiness. These forward-looking statements are based on the currentplans and expectations of our management and are subject to a numberof uncertainties and risks that could significantly affect our currentplans and expectations, as well as future results of operations andfinancial condition. Some of these risks and uncertainties arediscussed in the Company's Half-year Report for fiscal 2005. As aconsequence, our current and anticipated plans and our futureprospects, results of operations and financial condition may differfrom those expressed in any forward-looking statements made by or onbehalf of our company. We undertake no obligation to publicly updateor revise any forward-looking statements, whether as a result of newinformation, future events or otherwise.
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