Aurora, IL, April 14, 2014 (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 only eight companies receiving Intel Corporation's Supplier Continuous Quality Improvement (SCQI) award for its performance in 2013. Cabot Microelectronics Corporation was recognized for exceptional performance and extraordinary, industry-leading commitment across all critical focus areas measured including: 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 world-class performance. Cabot Microelectronics provided CMP slurries and CMP pads, deemed essential to Intel's success.
"We are proud to have earned the prestigious Supplier Continuous Quality Improvement (SCQI) award for the second consecutive year from Intel, a key strategic customer," stated William Noglows, Cabot Microelectronics' Chairman and CEO. "The criteria to win the SCQI award are extremely rigorous, and we believe this repeated recognition exemplifies our commitment to being a long term strategic partner to Intel, successfully delivering the highest standards for quality, manufacturing efficiency and technology. We are honored to have been distinguished as a world-class supplier among Intel's broader supply chain for seven of the last eight years. We look forward to continuing to build upon our strong relationship with Intel."
"Cabot Microelectronics is bringing innovative and enabling solutions to our CMP technology. Their team's customer orientation and technical expertise is proven to deliver improved performance. We appreciate the value and commitment Cabot Microelectronics brings to help us meet new technology challenges," said Chi-Hwa Tsang, Intel Corporation Vice President of Portland Technology Development.
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 April 10, 2014 themed "Deliver the Present and Create the Future", which illustrates the outstanding contributions this supplier has made in 2013. 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. 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 1,050 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, 2013 and in the company's annual report on Form 10-K for the fiscal year ended September 30, 2013, 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