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QED Optics Awarded Contract by the Association of Universities for Research in Astronomy

Rochester, NY, Jan. 27, 2015 (GLOBE NEWSWIRE) -- QED Technologies (QED), pioneer and provider of Magnetorheological Finishing (MRF®) polishing and Subaperture Stitching Interferometry (SSI®) metrology platforms for the precision optics industry, announces that the Association of Universities for Research in Astronomy (AURA) has awarded QED Optics a contract to manufacture precision optics for the Daniel K. Inouye Solar Telescope (DKIST).

QED Optics will manufacture a significant portion of the precision optics and assemblies that constitute the telescope's Wavefront Correction System (WCS). The WCS compensates for turbulence in the earth's atmosphere that causes image distortion. Correction of the distortion is critical to ensure sharp, precise telescopic images.

"The Wavefront Correction System is a key element of the telescope, responsible for delivering a diffraction-limited light beam to the DKIST instruments," said Erik Johansson, Project Manager, Wavefront Correction System. "Its proper operation and performance are fundamental to the DKIST meeting its basic science objectives. AURA selected QED because they demonstrated their ability to manage the entire manufacturing process and to deliver on time and on budget."

"We are excited to be part of this important project," said Mike DeMarco, Business Manager of QED Optics. "AURA is a great partner and the demands of the project fit perfectly with QED Optics' capabilities, from high precision finishing of optics to turnkey manufacturing."

ABOUT QED TECHNOLOGIES

Since it was founded in 1996, QED Technologies, based in Rochester, NY, has built a reputation for producing high quality products based on revolutionary, patented technology, advanced computer numerical control machines and world-class software to provide shop-ready solutions for nearly any precision optics manufacturing need. QED offers state-of-the-art finishing and metrology solutions that are designed to meet the needs of advanced optics manufacturers by increasing production speed and yield while decreasing costs. QED is dedicated to providing revolutionary technical solutions that enable or significantly enhance its customers' capabilities and positively impact their bottom line. In 2011, QED Technologies established QED Optics. QED Optics offers precision optics polishing, metrology and turnkey manufacturing services on a contract basis. QED Technologies is a wholly-owned subsidiary of Cabot Microelectronics Corporation (NASDAQ:CCMP). For more information about QED Technologies, visit www.qedmrf.com or contact Robin Townell, Marketing Manager, at (585) 256-6540 ext. 241.

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. 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 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 annual report on Form 10-K for the fiscal year ended September 30, 2014, filed with the SEC. Cabot Microelectronics assumes no obligation to update this forward-looking information.

CONTACT: Trisha Tuntland Director, Investor Relations (630) 499-2600

Source:Cabot Microelectronics Corporation