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Photronics Receives Supplier Excellence Award From Analog Devices, Inc.

Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today announced that Analog Devices, Inc. (NASDAQ: ADI) awarded Photronics with its Supplier Excellence Award in the Special Achievement category for support throughout 2011. This is the third supplier excellence award that Photronics has received from Analog Devices.

The Analog Devices Supplier Excellence awards are based on an exacting supplier rating program and recognizes those companies that differentiate themselves through consistently outstanding performance, continuous improvement, strategic contribution to Analog Devices' technology and market leadership, anticipation and delivery of cost reduction initiatives, and exemplary commitment to manufacturing and quality. Analog Devices is a leading manufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications.

Dr. Peter S. Kirlin, Photronics' senior vice president of the U.S. and Europe, commented, “It is an honor to be recognized once again for our comprehensive work on behalf of Analog Devices. Photronics strives to maintain outstanding value, quality and customer service and we appreciate the fine working relationship we have with the Analog Devices team across many levels and continents. We received our first Supplier Excellence Award in 2003, our second in 2007, and this year’s award affirms that our work together continues to develop and strengthen every year. We appreciate Analog Devices’ vote of confidence in awarding Photronics the coveted 2011 Supplier Excellence Award and look forward to continuing our highly productive partnership.”

“Analog Devices presents this special achievement award to Photronics Inc. in recognition of the outstanding support provided to Analog Devices Inc. throughout fiscal year 2011,” commented Vincent Simonelli, director of global purchasing for Analog Devices, Inc. “Their ongoing commitment to excellence in customer service on a 24/7 basis and the support provided by the entire team at Photronics enabled ADI to achieve our cycle time targets for the release of new products to production in our wafer fabs. Photronics Inc. also provided excellent technical support to ADI and interface on a regular basis with both our technical and procurement organizations. In recognition of the customer service and support provided in 2011 and the long standing business relationship between our two companies, we are delighted to present this award to Photronics, Inc.”

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