EX-99.1
3
a05-17073_1ex99d1.htm
EX-99.1
Exhibit 99.1
Company Contact:
Editorial & Analyst Contact:
Dave Faulkner
Stew
Chalmers
Cimetrix Incorporated
Positio
Public Relations
6979 South High Tech Drive
Phone: (801)
256-6500
Phone:
(408) 453-2400
Salt Lake City, Utah 84047-3757
Fax: (801)
256-6510
Fax: (408)
453-2404
801-256-6500
dave.faulkner@cimetrix.com
stew@positio.com
Fax: 801-256-6510
www.cimetrix.com
Cimetrix Acquires EFS Solutions
for $1.25 Million
Deal Positions Company as a Leader in the Semiconductor Data Management
Market
SALT LAKE
CITY, Utah - October 4, 2005 -
Cimetrix, Inc.
(OTCBB: CMXX), a leading provider of factory automation software and solutions
for the global semiconductor and electronics industries, today announced that
it has completed the acquisition of EFS Solutions, Inc., a privately held
engineering services firm. Cimetrix paid
approximately $1.25 million, including $640,000 in stock and $614,000 in cash. The consideration is subject to a post
closing adjustment based on the assets and liabilities of EFS as of closing.
EFS Solutions, which will
integrate with Cimetrix's Global Services Data Management Solution Center,
provides specialty engineering services for semiconductor companies. These services primarily include yield and
manufacturing data management solutions that help semiconductor companies
reduce their costs and improve their processes.
EFS was founded in 2003 by former employees of the TRW Manufacturing
Solutions Yield Management Practice to provide essentially the same type of
yield management services as the group provided at TRW prior to TRW exiting the
business. EFS has steadily increased its
revenues every year, with projected revenue of approximately $1.5 to $1.8
million in 2006. The acquisition is
expected to be accretive to earnings and is subject only to the completion and
filing of the required audited financial statements of EFS.
"This acquisition, which
underscores our commitment to combine organic and M&A growth, is an ideal
fit for Cimetrix", said Bob Reback, president and CEO of Cimetrix. "In addition to significantly expanding our
revenues and strengthening our bottom line, EFS brings a complementary service
offering and customer base that dovetails nicely with our Global Services
operations, opening the door to cross selling opportunities that will benefit
both organizations." Currently, Cimetrix's
Global Services operation caters primarily to fab equipment suppliers while EFS
is strong at the wafer fabs, a market that Cimetrix will now have better access
to for its software solutions.
"We are excited to join
forces with Cimetrix", said Bill Reid, founder and president of EFS
Solutions. "The combination of our
companies will create a more formidable and well-rounded organization that's
better able to serve our customers and our respective shareholders".
Among semiconductor companies
there is an increasing need for greater access to quality data throughout product
life cycles. EFS Solutions' expertise is
in assisting semiconductor companies to define, collect and use data throughout
the manufacturing process, which ultimately provides higher quality final
products at lower costs. This expertise
is complementary to Cimetrix's expertise as a recognized leader in connectivity
products that enable manufacturing equipment to communicate with factory
systems. "This is a win-win agreement
for both companies, as Cimetrix is intimately involved in architecting
manufacturing equipment to supply quality data, while EFS Solutions has
expertise in helping
semiconductor companies
make beneficial use of the data", said Kourosh Vahdani, vice president of
global services for Cimetrix. "As we
continue to focus our efforts in providing our customers' customers with
specific manufacturing data management solutions, the EFS addition will be a
key catalyst to our future success formula".
"While this acquisition is justified by the
professional services business alone, our hope is that one plus one can equal
three", Reback added. "With our joint
expertise and market synergies, and the new Interface A standard recently
approved by Semiconductor Equipment and Materials International (SEMI) to
provide greater access to quality data from manufacturing equipment, there may
be the potential to mutually identify new business opportunities".
About Cimetrix Incorporated
Cimetrix
designs, develops, markets and supports factory automation software for the
global semiconductor and electronics industries. Cimetrix's connectivity
software allows equipment manufacturers to quickly implement the SECS/GEM and
Interface A standards, with over 10,000 connections shipped worldwide, and
provides solutions to meet the 300mm SEMI communications standards, with OEM
customer installs in all major 300mm fabs. Cimetrix's PC-based motion control
software is used by leading equipment manufacturers for demanding robotic
applications. Cimetrix provides total solutions for its customers with
engineering services and passionate technical support. Major products include
CIMConnect
™
,
CIM300™, CIMPortal™
and CODE™ (Cimetrix Open Development
Environment). For more information, please visit www.cimetrix.com.
Safe Harbor Statement
The matters discussed in this news release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements about the Company's and
EFS' prospects for future growth and profitability are forward-looking
statements. The comments made by the Company's senior management in regards to
future developments are based on current expectations and involve risks and
uncertainties that may adversely affect expected results including but not
limited to market acceptance of the Company's and EFS' products and services
subsequent to the transaction, the ability of the Company to retain the
services of the personnel currently involved with EFS, the ability of the
Company to successfully integrate the operations of EFS, the delivery of the
audited financial statements of EFS prior to the date such financial statements
are required to be filed by the Company, the implementation of performance
requirements by SEMI, an independent industry trade group, the competitive
position of the Company and EFS and their products and services, the economic
climate in the markets in which the Company's and EFS' products and services are
sold, technological improvements in the industry, and other risks discussed
more fully in filings by the Company with the Securities and Exchange
Commission. Many of these factors are
beyond the control of the Company.
Reference is made to the Company's most recent filings on Forms 10-K and
10-Q, which detail such risk factors.

EX - 99 . 1 3 a05 - 17073 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Company Contact : Editorial & Analyst Contact : Dave Faulkner Stew Chalmers Cimetrix Incorporated Positio Public Relations 6979 South High Tech Drive Phone : ( 801 ) 256 - 6500 Phone : ( 408 ) 453 - 2400 Salt Lake City , Utah 84047 - 3757 Fax : ( 801 ) 256 - 6510 Fax : ( 408 ) 453 - 2404 801 - 256 - 6500 dave.faulkner@cimetrix.com stew@positio.com Fax : 801 - 256 - 6510 www.cimetrix.com Cimetrix Acquires EFS Solutions for $ 1.25 Million Deal Positions Company as a Leader in the Semiconductor Data Management Market SALT LAKE CITY , Utah - October 4 , 2005 - Cimetrix , Inc . ( OTCBB : CMXX ) , a leading provider of factory automation software and solutions for the global semiconductor and electronics industries , today announced that it has completed the acquisition of EFS Solutions , Inc . , a privately held engineering services firm . Cimetrix paid approximately $ 1.25 million , including $ 640,000 in stock and $ 614,000 in cash . The consideration is subject to a post closing adjustment based on the assets and liabilities of EFS as of closing . EFS Solutions , which will integrate with Cimetrix 's Global Services Data Management Solution Center , provides specialty engineering services for semiconductor companies . These services primarily include yield and manufacturing data management solutions that help semiconductor companies reduce their costs and improve their processes . EFS was founded in 2003 by former employees of the TRW Manufacturing Solutions Yield Management Practice to provide essentially the same type of yield management services as the group provided at TRW prior to TRW exiting the business . EFS has steadily increased its revenues every year , with projected revenue of approximately $ 1.5 to $ 1.8 million in 2006 . The acquisition is expected to be accretive to earnings and is subject only to the completion and filing of the required audited financial statements of EFS . " This acquisition , which underscores our commitment to combine organic and M & A growth , is an ideal fit for Cimetrix " , said Bob Reback , president and CEO of Cimetrix . " In addition to significantly expanding our revenues and strengthening our bottom line , EFS brings a complementary service offering and customer base that dovetails nicely with our Global Services operations , opening the door to cross selling opportunities that will benefit both organizations . " Currently , Cimetrix 's Global Services operation caters primarily to fab equipment suppliers while EFS is strong at the wafer fabs , a market that Cimetrix will now have better access to for its software solutions . " We are excited to join forces with Cimetrix " , said Bill Reid , founder and president of EFS Solutions . " The combination of our companies will create a more formidable and well - rounded organization that ' s better able to serve our customers and our respective shareholders " . Among semiconductor companies there is an increasing need for greater access to quality data throughout product life cycles . EFS Solutions ' expertise is in assisting semiconductor companies to define , collect and use data throughout the manufacturing process , which ultimately provides higher quality final products at lower costs . This expertise is complementary to Cimetrix 's expertise as a recognized leader in connectivity products that enable manufacturing equipment to communicate with factory systems . " This is a win - win agreement for both companies , as Cimetrix is intimately involved in architecting manufacturing equipment to supply quality data , while EFS Solutions has expertise in helping semiconductor companies make beneficial use of the data " , said Kourosh Vahdani , vice president of global services for Cimetrix . " As we continue to focus our efforts in providing our customers ' customers with specific manufacturing data management solutions , the EFS addition will be a key catalyst to our future success formula " . " While this acquisition is justified by the professional services business alone , our hope is that one plus one can equal three " , Reback added . " With our joint expertise and market synergies , and the new Interface A standard recently approved by Semiconductor Equipment and Materials International ( SEMI ) to provide greater access to quality data from manufacturing equipment , there may be the potential to mutually identify new business opportunities " . About Cimetrix Incorporated Cimetrix designs , develops , markets and supports factory automation software for the global semiconductor and electronics industries . Cimetrix 's connectivity software allows equipment manufacturers to quickly implement the SECS / GEM and Interface A standards , with over 10,000 connections shipped worldwide , and provides solutions to meet the 300 mm SEMI communications standards , with OEM customer installs in all major 300 mm fabs . Cimetrix 's PC - based motion control software is used by leading equipment manufacturers for demanding robotic applications . Cimetrix provides total solutions for its customers with engineering services and passionate technical support . Major products include CIMConnect ™ , CIM300 ™ , CIMPortal ™ and CODE ™ ( Cimetrix Open Development Environment ) . For more information , please visit www.cimetrix.com . Safe Harbor Statement The matters discussed in this news release include forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 . Statements about the Company 's and EFS ' prospects for future growth and profitability are forward - looking statements . The comments made by the Company 's senior management in regards to future developments are based on current expectations and involve risks and uncertainties that may adversely affect expected results including but not limited to market acceptance of the Company 's and EFS ' products and services subsequent to the transaction , the ability of the Company to retain the services of the personnel currently involved with EFS , the ability of the Company to successfully integrate the operations of EFS , the delivery of the audited financial statements of EFS prior to the date such financial statements are required to be filed by the Company , the implementation of performance requirements by SEMI , an independent industry trade group , the competitive position of the Company and EFS and their products and services , the economic climate in the markets in which the Company 's and EFS ' products and services are sold , technological improvements in the industry , and other risks discussed more fully in filings by the Company with the Securities and Exchange Commission . Many of these factors are beyond the control of the Company . Reference is made to the Company 's most recent filings on Forms 10 - K and 10 - Q , which detail such risk factors .