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