MOUNT LAUREL, N.J., Feb. 27, 2018 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American:INTT), an independent designer, manufacturer and marketer of thermal management products and semiconductor automatic test equipment (ATE) interface solutions, announced today that the Company recently won multiple orders from a single customer for IntelliDock and 4-CAM docking systems and interface hardware, valued at approximately $1.4 million. The orders were won by inTEST’s Electronic Mechanical Solutions (EMS) segment, which provides solutions to complete ATE test cells in semiconductor applications. The orders were placed by a long-standing end-user, IDM (Integrated Device Manufacturer) customer, and are destined for five manufacturing sites in Asia and North America; they are expected to ship in the first and second quarters of 2018.
inTEST President and Chief Executive Officer, James Pelrin, commented, “These orders are further confirmation of the strength and breadth of inTEST’s product portfolio.” inTEST EMS Products design and manufacture the mechanical and electrical systems that enable automated test systems and device handling equipment to connect with accuracy, repeatability and safety with industry best ease of operation.
About inTEST Corporation
inTEST Corporation designs and manufactures engineered solutions for ATE and other electronic test, as well as industrial process applications. Our products are used by semiconductor manufacturers to perform development, qualifying and final testing of integrated circuits (ICs) and wafers, and for other electronic test across a range of industries including the automotive, defense/aerospace, energy, industrial and telecommunications markets. We offer induction heating products for joining and forming metals in a variety of industrial markets, including automotive, aerospace, machinery, wire & fasteners, medical, semiconductor, food & beverage, and packaging. Specific products include temperature management systems, induction heating products, manipulator and docking hardware products, and customized interface solutions. We have established strong relationships with our customers globally, which we support through a network of local offices. For more information visit www.intest.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information, but relate to predicted or potential future events and financial results that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, as well as other risk factors set forth from time to time in our SEC filings, including, but not limited to, our periodic reports on Form 10-K and Form 10-Q. inTEST undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
Contacts
inTEST Corporation
Hugh T. Regan, Jr.
Treasurer and Chief Financial Officer
Tel: 856-505-8999
Investors:
Laura Guerrant-Oiye, Principal
Guerrant Associates
lguerrant@guerrantir.com
Tel: (808) 960-2642