CHERRY HILL, N.J.--(BUSINESS WIRE)--June 27, 2002--inTEST Corporation (Nasdaq:INTT), a leading designer, manufacturer and marketer of semiconductor automatic test equipment (ATE) interface solutions and temperature management products, today announced that it has received a $1.1 million follow-on order from Agilent Technologies (NYSE:A), a major semiconductor test equipment manufacturer.
Total orders from Agilent for inTEST's wafer-probing interfaces and related test equipment were approximately $2.8 million in the second quarter of 2002. The products in the most recent order are expected to ship in the third and fourth quarters of 2002.
Robert E. Matthiessen, inTEST Corporation's President and CEO, said, "We have met or exceeded Agilent's strict quality requirements, and the significant orders reflect their confidence in inTEST as a leader in semiconductor test equipment solutions. This latest win is also indicative of the commitments being made to inTEST by ATE manufacturers globally. The fact that we are a technology leader and offer the greatest number of ATE interface products positions inTEST for growth as the overall industry environment continues to improve."
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is a global technology leader in communications, electronics and life sciences. The company's 37,000 employees serve customers in more than 120 countries. Agilent had net revenue of $8.4 billion in fiscal year 2001. Information about Agilent is available on the Web at www.agilent.com.
About inTEST Corporation
inTEST Corporation is a leading designer, manufacturer and marketer of ATE interface solutions and temperature management products, 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. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions.
The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. For more information visit www.intest.com.
This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information, but relate to predicted or potential future events that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In addition to the factors mentioned in this press release, such risks and uncertainties include, but are not limited to, changes in business conditions and the economy, generally; changes in the demand for integrated circuits; changes in the rates of, and timing of, capital expenditures by semiconductor manufacturers; progress of product development programs; increases in raw material and fabrication costs associated with our products and other risk factors set forth from time to time in our SEC filings, including, but not limited to, our periodic reports on Form 10-K and Form 10-Q. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.