inTEST Announces Formation of EMS Products Division New Business Unit
MOUNT LAUREL, NJ -- (Marketwired) -- 01/25/16 --
inTEST Corporation (NYSE MKT: INTT), an independent designer, manufacturer and marketer of temperature management products and semiconductor automatic test equipment (ATE) interface solutions, announced that effective January 1, 2016, the Electrical and Mechanical product segments of inTEST Corporation have been combined to form a new entity -- the inTEST EMS Products Division. The new business unit will provide the semiconductor industry with the company's precision-engineered equipment -- Manipulators, Docking and Interfaces. Mark Bradford, former Business Unit Manager of inTEST's Electrical Group, has been named the General Manager of this new division.
Robert E. Matthiessen, inTEST Corporation's president and chief executive officer, noted, "Leveraging the power of inTEST's precision engineering, Intellidock™ docking, Electrical interfaces, and Cobal™ Series of Manipulators have provided recent advances to increase automation and testing efficiencies for semiconductor manufacturers and ATE suppliers. The formation of the new business unit is in keeping with inTEST's reputation as a problem solver since 1981 to meet cost-saving requirements of end users and ATE suppliers, and is strategically aligned with our long-term objective to grow and evolve inTEST Corporation into a broad-based industrial test company as we continue to execute on our differentiated product strategy."
About inTEST Corporation
inTEST Corporation is an independent designer, manufacturer and marketer of temperature management products and ATE interface solutions, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers. The Company's high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. The Company's products are also sold into the automotive, consumer electronics, defense/aerospace, energy and telecommunications industries. Specific products include temperature management systems, manipulator and docking hardware products and customized interface solutions. The Company has established strong relationships with its customers globally, which it supports through a network of local offices. For more information visit www.intest.com.
Hugh T. Regan, Jr.
Treasurer and Chief Financial Officer
Tel: (808) 882-1467
Source: inTEST Corporation
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