SAN JOSE, Calif., June 8, 2009 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq:PDFS), the leading provider of yield improvement technologies and services for the integrated circuit (IC) manufacturing process life cycle, today announced that the Company received confirmation of compliance with the independent director and audit committee requirements for continued listing on The Nasdaq Global Market.
Pursuant to a letter dated May 14, 2009 from the staff of The Nasdaq Stock Market, the Company has regained compliance with Listing Rule 5605(c)(2), which requires the Company to have a majority of independent Board members, and Listing Rule 5605(b)(1), which requires the Company to have at least three independent members on its Audit and Corporate Governance Committee. This letter followed the information provided by the Company to the NASDAQ staff regarding the Board's recent evaluation and determination that Mr. Lucio Lanza is an "Independent Director" under Nasdaq Marketplace Rules.
With the Board's determination, and Mr. Lanza's re-appointment to the Company's Audit and Corporate Governance Committees, NASDAQ has confirmed that the Company is once again in compliance with the corporate governance continued listing standards of The Nasdaq Global Market.
About PDF Solutions
PDF Solutions, Inc. (Nasdaq:PDFS) is the leading provider of yield improvement technologies and services for the IC manufacturing process life cycle. PDF Solutions offers solutions that are designed to enable clients to lower costs of IC design and manufacture, enhance time to market, and improve profitability by addressing design and manufacturing interactions from product design to initial process ramps to mature manufacturing operations. PDF Solutions' Characterization Vehicle(r) (CV(r)) test chips provide the core modeling capabilities, and are used by more leading manufacturers than any other test chips in the industry. PDF Solutions' industry leading yield management system software, dataPOWER(r), and fault detection and classification software, maestria(r), enhance yield improvement and production control activities at leading fabs around the world. Headquartered in San Jose, Calif., PDF Solutions operates worldwide with additional offices in China, Europe, Japan, Korea, Singapore and Taiwan. For the company's latest news and information, visit http://www.pdf.com/.
The PDF Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3199
Characterization Vehicle, CV, dataPOWER, maestria, ModelWare, PDF Solutions, and the PDF Solutions logo are registered trademarks of PDF Solutions, Inc.