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.