Aurora, IL, April 10, 2013 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation(Nasdaq: CCMP), the world's leading supplier of chemicalmechanical planarization (CMP) polishing slurries and a growing CMPpad supplier to the semiconductor industry, announced today that itwas named as one of only eight companies receiving IntelCorporation's Supplier Continuous Quality Improvement (SCQI) awardfor its performance in 2012. Cabot MicroelectronicsCorporation is recognized for its significant contributions inproviding Intel with CMP slurries and pads, deemed essential toIntel's success. "We are proud to receive the prestigiousSupplier Continuous Quality Improvement (SCQI) award from Intel, akey strategic customer," stated William Noglows, CabotMicroelectronics' Chairman and CEO. "We have been honored toreceive five Preferred Quality Supplier awards from Intel over thelast six years. The criteria to win the SCQI award arerigorous, and we believe this recognition exemplifies ourcommitment to be a long term strategic partner to Intel, deliveringthe highest standards for quality, manufacturing efficiency andtechnology. We are proud to be distinguished as a world-classsupplier among Intel's broad supply chain." "I would like to congratulate CabotMicroelectronics for winning the prestigious Intel SCQI award for2012! Cabot Microelectronics' dedication to delivering highquality and advanced CMP slurry products is considered world-class. Intel is pleased to recognize your achievements in drivingcontinuous improvement and exceptional quality systems throughoutyour supply chain," stated Tim Hendry, Intel Corporation VicePresident and Fab Materials Operation Director. The SCQI award is part of Intel's SCQI programthat encourages Intel's key suppliers to strive for excellence andcontinuous improvement. To qualify for SCQI status, suppliersmust score at least 95 percent on a report card that assessesperformance and ability to meet cost, quality, availability,delivery, technology, environmental, social and governance goals. Suppliers must also achieve 90 percent or greater on achallenging improvement plan and demonstrate solid quality andbusiness systems. Additional information about the SCQIprogram is available at www.intel.com/go/quality. A celebration to honor SQCI award winners washeld in Santa Clara on April 9, 2013. An announcement withfurther information on this award can be found on Intel's websiteat http://intel.com/. Intel is a trademark or registered trademark of IntelCorporation or its subsidiaries in the United States and othercountries.
Other names and brands may be claimed as theproperty of others.ABOUT CABOT MICROELECTRONICS CORPORATION Cabot Microelectronics Corporation,headquartered in Aurora, Illinois, is the world's leading supplierof CMP polishing slurries and a growing CMP pad supplier to thesemiconductor industry. The company's products play acritical role in the production of advanced semiconductor devices,enabling the manufacture of smaller, faster and more complexdevices by its customers. The company's mission is to createvalue by developing reliable and innovative solutions, throughclose customer collaboration, that solve today's challenges andhelp enable tomorrow's technology. Since becoming anindependent public company in 2000, the company has grown toapproximately 1,050 employees on a global basis. For moreinformation about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Trisha Tuntland, Manager of InvestorRelations at 630-499-2600. SAFE HARBOR STATEMENT This news release may include statements that constitute"forward looking statements" within the meaning of federalsecurities regulations. These forward-looking statementsinclude statements related to: future sales and operatingresults; company and industry growth, contraction or trends; growthor contraction of the markets in which the company participates;international events, regulatory or legislative activity, orvarious economic factors; product performance; the generation,protection and acquisition of intellectual property, and litigationrelated to such intellectual property; new product introductions;development of new products, technologies and markets; naturaldisasters; the acquisition of or investment in other entities; usesand investment of the company's cash balance; financing facilitiesand related debt, payment of principal and interest, and compliancewith covenants and other terms; the company's capital structure;and the construction and operation of facilities by CabotMicroelectronics Corporation. These forward-lookingstatements involve a number of risks, uncertainties, and otherfactors, including those described from time to time in CabotMicroelectronics' filings with the Securities and ExchangeCommission (SEC), that could cause actual results to differmaterially from those described by these forward-lookingstatements. In particular, see "Risk Factors" in thecompany's quarterly report on Form 10-Q for the quarter endedDecember 31, 2012 and in the company's annual report on Form 10-Kfor the fiscal year ended September 30, 2012, both filed with theSEC. Cabot Microelectronics assumes no obligation to updatethis forward-looking information.
CONTACT: Trisha Tuntland Manager, Investor Relations (630) 499-2600