23 August 2007
Point 35 Microstructures announced today the sale of its Parabilis semiconductor spares business to the RTS Spares, headquartered in Austin, Texas, USA. The sale agreement results in the transfer of all United Kingdom based personnel and assets to RTS Spares in exchange for an undisclosed sum.
The Parabilis business was developed by Point 35 Microstructures to support its successful core semiconductor manufacturing system refurbishment operations. However, the development of the memsstarTM range of MEMS manufacturing equipment has resulted in the company deciding to focus on its core strategy of equipment development and remanufacturing.
Mike Leavy, CEO of Point 35, said: "as we developed our systems business the addition of a spares capability complemented our activities. Now we are following our business strategy of transitioning to a comprehensive equipment supplier to the semiconductor and MEMS industry it is time to ensure focus on our core business. Parabilis will equally benefit from the same focus from RTS Spares".
RTS Spares has been a long term partner of Parabilis in the spares business and the integration of the two companies, to be known as Parabilis Technology , provides the opportunity for effective focus on the special requirements of the spares supply business in the US ,Europe and Japan.It is planned to complement their offices in Scotland and Texas with a facility in Japan by the end of 2007.
About Point 35 Microstructures Limited
Point 35, headquartered in Livingston, UK , is a global technology, engineering, and service organization servicing the semiconductor and nano-technology industries. Point 35 offers a complete range of technology based services including fabrication equipment, applications support, system installations, warranty and post-warranty coverage. Additional information about the company can be found at http://www.pt35.com/. Point 35 wholly owns it's trading division memsstar® Technology and globally supplies it's memsstar® product range through it's global network of offices and partners. Additional information about the company can be found at http://www.memsstar.com/
About the New Parabilis
Parabilis Technology, headquartered in Austin Texas , brings a unique offering to the marketplace when compared to those suppliers who operate today. Parabilis has the ability to progress opportunities in a way that will complement Customers focus on output/productivity.
Our goal is to help our Customers improve Gross Margin by reducing spend on spare parts by :
Parabilis has already succeeded in providing savings to customers in the USA, UK, Ireland and France. We are now active with their Japanese counterparts and expect to have a presence there by end of 2007.We have increased our sales in the USA and will expand our efforts on mainland Europe over the next 3 quarters.
Contacts
Point 35 Microstructures Ltd.
Peter Connock, +31 70 5145 767
(Business & Technical media)
Keith Rutter, +44 1506 409 160
(Financial)
Parabilis Technology Europe Ltd.
Gerry MacNeill +441506 409180
Parabilis Technology USA LLC
Jason Bradner +1 512-326-4921