inTEST Launches THERMOSTREAM(R) ATS Series
(Marketwire Via Acquire Media NewsEdge) MOUNT LAUREL, NJ -- (Marketwire) -- 12/04/12 --
inTEST Corporation (NASDAQ: INTT), an independent designer, manufacturer and marketer of temperature management products and semiconductor automatic test equipment (ATE) interface solutions, today announced that its Thermal Solutions Group has launched the industry's most comprehensive line of Precision Temperature Forcing Systems, the THERMOSTREAM® ATS Series. With temperature range extremes as high as +300 degrees C (+570 degrees F) and as low as -100 degrees C (-148 degrees F), countless test and conditioning applications can now be solved with a compact, precise and portable system.
ATS product line's increased thermal capacity translates to a broader range of applications, addressing an expanded market. Increased number of models offered in ATS product line will enhance the THERMOSTREAM margin profile.
inTEST Thermal Solutions specializes in meeting the most demanding temperature applications by engineering unique thermal test solutions. In launching the innovative new product line, James Pelrin, President of inTEST Thermal Solutions, said, "The ATS Series is the culmination of decades of experience both Temptronic and Thermonics gained through providing unique solutions to customers' temperature test needs. The new ATS product series has eight different models, up from the previous five, with each one addressing a different temperature application. For many years, customers have turned to us to provide extremely accurate and precise temperature test capability that has typically been used in the semiconductor and small electronic test market. With the ATS Series, we offer the industry's largest breadth of thermal solutions available and are now able to address the technical challenges of a much broader market."
The ATS Series was created by taking the industry's workhorse THERMOSTREAM systems and significantly enhancing them in terms of both features and capabilities. "We now have one cohesive package that includes a number of improvements, some of which came from our Thermonics acquisition, along with a much broader set of capabilities." Pelrin continued, "The speed, precision, and portability of our new systems, combined with a broader temperature range and capacity, have resulted in the most comprehensive line of Precision Temperature Forcing Systems ever. Our THERMOSTREAM system has been the semiconductor test industry standard since 1974, noted for its flexibility and overall performance. However, technical demands of other markets differ markedly, and customers across a number of industries asked us to provide the additional horsepower they needed. The ATS Series does just that."
Companies throughout the Military/Aerospace, Telecom, Medical, Automotive, Industrial and Energy markets are all looking to improve the quality and reliability of their products. "Cost of product failure for these companies is prohibitive and engineers are always looking for alternative means to enhance their test capability. One engineer may need to test at different temperature extremes to stress their product, while another may want to accelerate their transition rates to improve throughput or to run accelerated life tests. Regardless of their thermal testing needs, the ATS Series can help them achieve their goals," concluded Pelrin.
Robert E. Matthiessen, inTEST Corporation's President and Chief Executive Officer, commented on the Company's ongoing diversification strategy of its Thermal Products segment into non-semiconductor growth markets. "Our long-term objective is to grow and evolve inTEST Corporation into a broad-based industrial test company as we continue to execute on our differentiated product strategy. Over the past year we have strategically repositioned our sales force by integrating our sales channel and consolidating products in our Thermal division, and we are optimally positioned to identify next-generation solutions and growth market opportunities, particularly in our Sigma product line. We are committed to leveraging our capabilities and achieving a balance between serving our customers in our traditional semiconductor market and further developing new markets addressed by inTEST Thermal Solutions. The ATS Series considerably adds to our capabilities."
About inTEST CorporationinTEST 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 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.
Forward-Looking Statements: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 semiconductors, generally; 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; implementation of additional restructuring initiatives 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.
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Hugh T. Regan, Jr.
Treasurer and Chief Financial Officer
Tel: (808) 882-1467
Source: inTEST Corporation
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