Aurora, IL, March 4, 2015 (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 has been recognized as one of only eleven companies receiving Intel Corporation's prestigious Supplier Continuous Quality Improvement (SCQI) award for its performance in 2014. Cabot Microelectronics Corporation was recognized for demonstrating outstanding performance to goals and extraordinary, industry-leading commitment across all critical focus areas on which they are measured: quality, cost, availability, technology, customer service, labor and ethics systems and environmental sustainability. This award is Intel's highest honor for its suppliers, acknowledging truly exceptional and world-class execution. Cabot Microelectronics provided CMP slurries and CMP pads, deemed essential to Intel's success.
"We are honored to have earned the prestigious Supplier Continuous Quality Improvement award from Intel, a key strategic customer, for the third consecutive year," stated David Li, Cabot Microelectronics' President and CEO. "We believe this repeated recognition highlights Intel's confidence in our company as a CMP technology leader. The continued scaling of semiconductor devices to smaller geometries requires more rigorously formulated and ever higher quality CMP solutions, which we believe we are well-positioned to provide. We are delighted to have been recognized by Intel, a technology leader, for our world-class supply chain capabilities for eight of the last nine years, and we look forward to continuing to collaborate on innovative leading-edge CMP solutions and grow our business with Intel in the future."
"Cabot Microelectronics is providing innovative solutions to our new CMP technology challenges and has excellent research capabilities to support our next technology development (TD). Cabot Microelectronics' team has been a very reliable partner to Intel CMP TD and we value their support and commitment," said Chi Hwa Tsang, Intel Corporation Vice President of Portland TD.
The SCQI award is part of Intel's Supplier Continuous Quality Improvement program, which encourages Intel's key suppliers to strive for excellence and continuous improvement. To qualify for SCQI, suppliers must score at least 95 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 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 http://intel.com/go/quality.
A celebration to honor SCQI award winners was held in Santa Clara, California on March 4, 2015 themed "Innovating to Deliver Smart and Connected Devices", which illustrates the outstanding contributions Cabot Microelectronics has made in 2014. In addition, there was 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.
ABOUT CABOT MICROELECTRONICS
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. The company has approximately 1,050 employees on a global basis. For more information about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Trisha Tuntland, 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, contraction or trends; growth or contraction of the markets in which the company participates; the company's management, 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 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 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, 2014 and in the company's annual report on Form 10-K for the fiscal year ended September 30, 2014, both filed with the SEC. Cabot Microelectronics assumes no obligation to update this forward-looking information.