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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
News Release
AGENCY CONTACT: COMPANY CONTACT:
Sandy Fewkes Connie Graybeal
Technical Marketing Programs Credence Systems Corporation
408.737.0285 or 408.737.9529 fax 510.623.4774 or 510.623.2524 fax
E-mail: [email protected] E-mail: [email protected]
CREDENCE COMPLETES INVESTMENT IN TESTER IP COMPANY NEWMILLENNIA
SOLUTIONS, INC.
FREMONT, Calif., August 16, 2000--Credence Systems Corporation (Nasdaq:
CMOS), a leading manufacturer of automatic test equipment (ATE) for the
worldwide semiconductor industry, announced today the closing of a Series A
financing for NewMillennia Solutions, Inc. (NMS) of Irvine, California. The two
companies will work together to develop a new line of test solutions tailored to
high-volume, high-performance ASIC applications.
Credence provided $4 million for a 19.8 percent equity stake in NMS, and
Credence President and CEO Dr. Graham Siddall has joined NMS' Board of
Directors.
ABOUT NEWMILLENNIA SOLUTIONS
NewMillennia Solutions provides test IP and is committed to new testing
paradigms and solutions integrating testability IP in Native Test Environments
(NTE). By focusing these technologies in high-volume semiconductor test
environments, NMS can provide high-speed, scaleable, high-throughput ATE
solutions while significantly lowering the cost of test. NMS' current NTE
solutions are targeting RDRAM memory and module test, RAC-based ASIC, and
graphics devices. NMS is now shipping the ATS800, a high-volume manufacturing
test system that guarantees system-level performance of 800MHz RIMMs (Rambus
interface memory modules). The company is headquartered in Irvine, Calif. More
information about the company can be found at www.moduletest.com.
ABOUT CREDENCE
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Credence Completes Investment in Tester IP Company NewMillennia Solutions, Inc.
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Credence Systems Corporation is a leader in the manufacture of automatic
test equipment (ATE) for the global semiconductor industry. Credence offers a
wide range of products with test capabilities for digital, mixed-signal, and
nonvolatile memory semiconductors.
Utilizing its proprietary CMOS technologies, Credence products are designed
to meet the strict time-to-market and cost-of-ownership requirements of its
customers. Headquartered in Fremont, California, the company maintains advanced
production and design facilities in Hillsboro, Oregon. Credence, an ISO 9001
certified manufacturer, is listed on the Nasdaq National Market under the symbol
CMOS. More information is available at http://www.credence.com.
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CREDENCE AND CREDENCE SYSTEMS ARE TRADEMARKS OF CREDENCE SYSTEMS CORPORATION.
OTHER TRADEMARKS THAT MAY BE MENTIONED IN THIS RELEASE ARE THE INTELLECTUAL
PROPERTY OF THEIR RESPECTIVE OWNERS. RAMBUS IS A REGISTERED TRADEMARK AND RIMM
IS A TRADEMARK OF RAMBUS INC.
See related news release dated: June 26, 2000 titled Credence Invests in Tester
IP Company NewMillennia Solutions Inc.
