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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
May 2, 1997
Date of Report (Date of earliest event reported)
________________________________________________________________________________
INTEGRATED MEASUREMENT SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
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<S> <C>
OREGON 93-0840631
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
Commission File No. 0-26274
9525 S.W. GEMINI DRIVE, BEAVERTON OR 97008
(Address of principal executive officers) (zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (503) 626-7117
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ITEM 5. OTHER EVENTS
Press Releases
Milton R. Smith Joins Integrated Measurement Systems as Member of IMS Board
of Directors
On May 2, 1997, Integrated Measurement Systems, Inc. announced the
addition of Milton R. Smith as a member of the IMS board of directors.
Full text is attached to this report as Exhibit 99a.
IMS Selects Ya-Man Ltd. as the Exclusive Distributor of IMS Products in
Japan
On May 20, 1997, Integrated Measurement Systems, Inc. announced the
selection of Ya-Man Ltd., a Tokyo, Japan distributor of IC production
and test systems as its sole distributor in Japan. Ya-Man will provide
sales, marketing, applications engineering and customer service
support for IMS' product line of engineering Test Stations, including
the XL Family, the ATS and XTS Advanced Digital Test Stations, and the
MSTS Mixed-Signal Test Station. Full text is attached to this report
as Exhibit 99b.
VLSI Research Inc. 10 BEST Award for Test and Material Handling Equipment
Customer Satisfaction.
On June 18, 1997, Integrated Measurement Systems, Inc. announced that,
for the fourth consecutive year, it has received the VLSI Research
Inc. 10 BEST Award for Test and Material Handling Equipment in
Customer Satisfaction. These Awards are presented annually to
semiconductor manufacturing equipment suppliers who achieve overall
excellence in ratings by their customers. Full text is attached to
this report as Exhibit 99c.
ITEM 6. EXHIBITS
(exhibit reference numbers refer to Item 601 of Regulation S-K)
99a. Press Release -- IMS Announces a New Member to IMS Board of
Directors.
99b. Press Release -- IMS Selects Ya-Man Ltd. as the Exclusive
Distributor of IMS Products in Japan
99c. Press Release -- VLSI Research Inc. 10 BEST Award for Test and
Material Handling Equipment Customer Satisfaction.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on June 25, 1997.
INTEGRATED MEASUREMENT SYSTEMS, INC.
(Registrant)
/s/ Sar Ramadan
-------------------------
Sar Ramadan
Chief Financial Officer
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EXHIBIT 99a
PRESS RELEASE
MILTON R. SMITH JOINS INTEGRATED MEASUREMENT SYSTEMS AS MEMBER OF IMS BOARD
OF DIRECTORS
BEAVERTON, Ore.--(BUSINESS WIRE)--May 2, 1997--
SMITH BRINGS WIDE BREADTH OF HIGH TECHNOLOGY INDUSTRY EXPERIENCE TO NEW ROLE
AS IMS DIRECTOR.
Integrated Measurement Systems, Inc. (NASDAQ: IMSC) today announced the addition
of Milton R. Smith as a member of the IMS board of directors.
"We are excited and extremely pleased to have Milt join the IMS board of
directors. His depth of industry experience with successful high technology
companies and his entrepreneurial style of management will no doubt greatly
contribute to IMS' success," commented Keith L. Barnes, president and CEO for
IMS.
SMITH BROADENS HIGH TECHNOLOGY INDUSTRY EXPERIENCE ON IMS BOARD
Smith's diverse background and executive management abilities working with both
hardware and software products in the high technology industry will greatly add
to the quality and expertise of the current IMS board of directors.
Milton R. Smith is the former president and CEO of ThrustMaster, Inc., was one
of its founders, and has been a director of the ThrustMaster since its
inception. Smith has also served as chairman, president and/or CEO of five
other high-technology companies. He has been an officer and/or director of four
companies which have gone public. He recently completed his term as chairman of
the Oregon Council of the American Electronics Association and was a member of
the national board of directors of AEA. In addition to membership on the board
of ThrustMaster, Inc., Smith currently serves on the boards of RapidFire
Software, Inc., Beaverton, Oregon, and TFR Technologies, Inc., Bend, Oregon. He
also was a member of the board of six other high-technology companies.
EDUCATION BACKGROUND
Milton Smith received a B.S. degree in physics from Portland State University, a
M.S.E.E. degree at Oregon State University, and a Juris Doctor degree from Lewis
and Clark College. He has also completed the AEA/Stanford University Executive
Institute program.
________________________________
About Integrated Measurement Systems
IMS is a recognized world leader in Engineering Test Stations and Virtual Test
Software, providing cost-effective solutions to reduce the time required to test
and verify complex electronic circuits. IMS markets and supports its products
globally through U.S. sales offices, independent international distributors and
dedicated sales personnel employed by affiliated companies. Technical and
applications engineers are strategically located in worldwide locations to
respond quickly to regional, national and international customer needs. IMS is
an award winning company in customer support. For the past three years, IMS has
been rated No. 1 in VLSI's 10 BEST Customer Satisfaction Survey of Test and
Material Handling Equipment Companies. IMS is listed on the NASDAQ National
Market under the symbol IMSC. For more information, contact IMS at 9525 SW
Gemini Drive, Beaverton, Oregon 97008. Telephone: 503/626-7117 or 800/879-7117
or! visit our Web site at http://www.ims.com
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EXHIBIT 99b
PRESS RELEASE
IMS SELECTS YA-MAN LTD. AS THE EXCLUSIVE DISTRIBUTOR OF IMS PRODUCTS IN
JAPAN
BEAVERTON, Ore.--(BUSINESS WIRE)--May 20, 1997
- TOKYO-BASED YA-MAN WILL SUPPORT THE DIRECT SALES AND SERVICE OF THE IMS
ENGINEERING TEST STATION PRODUCT LINE -
Integrated Measurement Systems, Inc. (NASDAQ:IMSC) today announced the selection
of Ya-Man Ltd., a Tokyo, Japan distributor of IC production and test systems as
its sole distributor in Japan. Ya-Man will provide sales, marketing,
applications engineering and customer service support for IMS' product line of
engineering Test Stations, including the XL Family, the ATS and XTS Advanced
Digital Test Stations, and the MSTS Mixed-Signal Test Station.
``Ya-Man will enhance our ability to successfully market IMS products in the
Japanese market and will provide us with a greatly expanded sales and service
support organization to assist our current and new customers with their test
solutions'', commented Kenneth R. Lindsay, IMS Vice-President of Asia
Operations.
Ya-man Plans To Move Aggressively To Expand IMS Name and Sales. Ya-Man plans to
aggressively and sales staff and application engineers to focus exclusively on
IMS sales and to complement its current customer support organization. In
addition, Ya-Man will promote IMS products in Japan through test industry
advertisements, articles, trade show participation, seminar programs and on site
product demonstrations. Beginning this month, Ya-Man and IMS will demonstrate
IMS' Test Station products at the Semicon Kansai Show in Osaka, Japan.
``We are making a strong commitment to Integrated Measurement Systems, both as a
sole distributor and a strategic partner, to help them to successfully market
their products in the Japanese market, '' stated Kimiyo Kamano, Manager of
Ya-Man's Marketing and Sales Development Division.
Ya-Man's Test Industry Experience and Customer Contacts Will Benefit IMS Sales.
Ya-man's strong and diverse customer base, combined with its reputation for
excellent customer support, should place IMS in a strong position for sales in
the Japanese semiconductor market. Ya-Man's customers include such well-known
and highly regarded high technology corporations as NEC, Fujitsu, Mitsubishi,
Panasonic, Hitachi, Sony, Sharp, IBM and Intel, to name a few.
In addition to IMS, Ya-Man is the exclusive distributor of MOSAID products in
Japan. MOSAID is the leading supplier of memory IV verification systems, and is
an excellent complement to the IMS product line. Ya Man will now be able to
supply IC design engineers with test solutions to cover a broad spectrum of
technologies, including high-performance digital, mixed-signal, and memory
device test systems.
About IMS
Integrated Measurement Systems, Inc. (IMSC), is a recognized world leader in
engineering Test Stations and Virtual Test Software, providing cost-effective
solutions to reduce the time required to test and verify complex electronic
circuits. IMS markets and supports its products globally through U.S. sales
offices, independent international distributors and dedicated sales personnel
employed by affiliated companies. Technical and applications engineers are
strategically located in worldwide locations to respond quickly to regional,
national and international customer needs. IMS is an award winning company in
customer support. For the past three years, IMS has been rated No. 1 in pure
test in the VLSI Research Inc.'s Customer Satisfaction Survey List of 10 BEST
Suppliers of Test and Material Handling Equipment. IMS is listed on the NASDAQ
National Market under the symbol IMSC. For more information, contact IMS at
9525 SW Gemini Drive, Beaverton, Oregon 97008. Ph: 503/626-7117 or 800/879-7117,
Fax: 503/644-6969 or visit our Web site at www.ims.com . XL, ATS, XTS, MSTS
engineering Test Stations, Virtual Test Software, and the IMS logo and name are
trademarks of Integrated Measurement Systems, Inc.
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EXHIBIT 99C
PRESS RELEASE
IMS WINS VLSI RESEARCH'S 10 BEST AWARD AS NUMBER ONE PURE TEST COMPANY FOR
AN UNPRECEDENTED 4TH CONSECUTIVE YEAR.
BEAVERTON, Ore.--(BUSINESS WIRE)--June 18, 1997
IMS CUSTOMER SATISFACTION CONSIDERED FINEST IN THE TEST INDUSTRY AS
INDEPENDENTLY MEASURED BY CUSTOMERS.
Integrated Measurement Systems, Inc. (NASDAQ: IMSC) today announced that, for
the fourth consecutive year, it has received the VLSI Research Inc. 10 BEST
Award for Test and Material Handling Equipment in Customer Satisfaction. These
awards are presented annually to semiconductor manufacturing equipment suppliers
who achieve overall excellence in ratings by their customers.
Jerry Hutcheson, CEO of VLSI Research, commented that, "IMS CONTINUES TO BE
AMONG THE TOP RANKED TEST COMPANIES. THEY HAVE DEMONSTRATED THEIR ABILITY TO
BUILD STRONG CUSTOMER RELATIONSHIPS, MEET CHANGING CUSTOMER NEEDS AND TO STRIVE
FOR EXCELLENCE IN CUSTOMER SATISFACTION AND SUPPORT. WE AT VLSI RESEARCH
CONGRATULATE IMS ON ITS #1 RATING IN THE TEST INDUSTRY".
IMS prides itself on its leadership role in customer service and support.
Regarding the company's selection as #1 in pure test, Keith Barnes, IMS'
President and Chief Executive Officer, stated, "WE ARE EXTREMELY GRATIFIED AT
THE HIGH LEVEL OF CONFIDENCE AND RECOGNITION FROM OUR CUSTOMERS. THE VLSI
RESEARCH CUSTOMER SATISFACTION SURVEY PROVIDES AN EXCELLENT FORUM FOR OUR
CUSTOMERS TO INDEPENDENTLY RATE OUR PERFORMANCE IN SEVERAL CATEGORIES OF
SERVICE. WE BELIEVE THAT THE 10 BEST AWARD VALIDATES OUR COMPLETE COMMITMENT TO
QUALITY AND CUSTOMER SATISFACTION".
IMS HAS WON 5 VLSI RESEARCH 10 BEST AWARDS IN THE PAST 5 YEARS. Integrated
Measurement Systems has appeared in the VLSI Research's 10 BEST List over the
last 5 years beginning in 1992, and has been the #1 rated pure test company for
the past 4 years in a row. The 10 BEST awards have been presented by VLSI
Research since 1988. IMS and other semiconductor manufacturing equipment
suppliers compete in the category called Suppliers of Test and Material Handling
Equipment.
Below is this year's award winner data:
1997 USERS' RATINGS
SUPPLIERS OF TEST & MATERIAL HANDLING EQUIPMENT
Rating On a 10 BEST
Company Scale of 10 Appearances
------- ----------- -----------
INTEGRATED MEASUREMENT SYSTEMS, INC. 8.36 5
Tokyo Seimitsu Co., Ltd. 7.74 2
Teradyne, Inc. 7.71 9
Hewlett-Packard Company 7.67 6
Advantest 7.43 9
Tokyo Electron Limited 7.29 4
Schlumberger ATE 7.29 6
Electroglas, Inc. 7.16 6
LTX Corporation 6.37 7
Ando Electric., Ltd. 6.07 1
IMS SCORES HIGH IN PRODUCT PERFORMANCE AND QUALITY. In compiling data for the
10 BEST Customer Satisfaction awards, VLSI Research sends more than 50,000
questionnaires in six languages to semiconductor
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companies worldwide. Users of semiconductor capital equipment were asked to rate
their suppliers in eight categories which exemplify a supplier's relationship
with customers and the users satisfaction with that relationship. IMS finished
in the top position in seven of the eight categories. These categories included
three measures of equipment performance, for which IMS received an 8.3 for
Product Performance and 8.6 for Quality of Results, and five measures of
customer service including process support, software support, technical
leadership, service after sales and the vendor's overall commitment to support
its customers' needs.
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ABOUT INTEGRATED MEASUREMENT SYSTEMS, INC. (IMS)
IMS is a recognized world leader in the manufacturer, sales and service of a
diverse, quality product line of Engineering Test Stations and Virtual Test
Software which provide cost-effective solutions to reduce the time required to
test and verify complex electronic circuits. IMS markets and supports its
products globally through U.S. sales offices, independent international
distributors and dedicated sales personnel employed by affiliated companies. IMS
is an award winning company in customer service and support. For the past four
years, IMS has been rated #1 pure test company in VLSI Research's 10 BEST
Customer Satisfaction Survey of Test and Material Handling Equipment Companies.
IMS is listed on the NASDAQ National Market under the symbol IMSC. For more
information, contact IMS at 9525 S.W. Gemini Drive, Beaverton, Oregon 97008.
Telephone: (503) 626-7117 or (800) 879-7117 or visit our Web site at www.ims.com
___________________________________________________________
ABOUT VLSI RESEARCH, INC.
VLSI Research Inc. is considered the leading authority on trends and issues in
the high technology electronics industry in general and in the semiconductor
industry in particular. Besides the annual 10 BEST List of Suppliers of
Semiconductor Manufacturing Equipment, VLSI Research produces subscription
services for The Industry Pulse, The Memory Bank, Emerging ICs, and the VLSI
manufacturing Outlook. Media inquiries are invited. Call (408) 453-8844, Fax
(408) 437--0608, or write: VLSI Research Inc., 1754 Technology Drive, Suite 117,
San Jose, CA. 95110
