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Cabot Microelectronics Corporation Receives Intel's Preferred Quality Supplier Award
(GlobeNewswire Via Acquire Media NewsEdge) Aurora, IL, April 11, 2012 (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
19 companies receiving Intel Corporation's Preferred Quality
Supplier (PQS) award for its performance in 2011. Cabot
Microelectronics Corporation is recognized for its significant
contributions in providing Intel with CMP slurries, deemed
essential to Intel's success.
"We are delighted to earn Intel's Preferred Quality Supplier
award," stated William Noglows, Chairman and CEO of Cabot
Microelectronics. "We are especially honored that an industry
leader like Intel, with its demanding technical requirements and
quality standards, has awarded us with this distinction once again.
We believe it reflects Cabot Microelectronics' commitment to
consistently deliver the reliable and innovative solutions that
Intel demands."
"Intel is very pleased to present Cabot Microelectronics
Corporation with the 2011 Preferred Quality Supplier award," said
Tim Hendry, vice president and director of Fab Materials Operation,
Intel Corporation. "Cabot Microelectronics Corporation has
made valuable contributions to Intel's CMP polishing platforms by
providing industry leading technology and performance. Their
team provides Intel with innovative and technical expertise along
with excellent customer service and continuous improvement.
We appreciate the value and commitment Cabot Microelectronics
Corporation brings to Intel and hope to continue to build a strong
lasting relationship."
The PQS award is part of Intel's Supplier Continuous Quality
Improvement (SCQI) program that encourages suppliers to strive for
excellence and continuous improvement. To qualify for PQS
status, suppliers must score 80 percent on a report card that
assesses performance and ability to meet cost, quality,
availability, technology, environmental, social and governance
goals. Suppliers must also achieve 80 percent or greater on a
challenging improvement plan and demonstrate solid quality and
business systems. Additional information about the SCQI
program is available at http://intel.com/go/quality.
A celebration to honor PQS award winners will be held in Santa
Clara. In addition, there will be an announcement 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 1,000
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; 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, 2011 and in
the company's annual report on Form 10-K for the fiscal year ended
September 30, 2011, 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
Source: Cabot Microelectronics Corporation
2012 GlobeNewswire, Inc.
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