MILPITAS, Calif., June 2, 2009 (GLOBE NEWSWIRE) -- LTX-Credence Corporation (Nasdaq:LTXC), a global provider of focused, cost-optimized ATE solutions, and Silicon Turnkey Solutions (STS), a preeminent test solutions provider for IP validation, design verification, characterization and production test in Silicon Valley, today announced a business agreement that includes the selection of the Diamond platform as STS' preferred test platform for value-driven devices. The Diamond platform was selected for its ability to deliver lower production test costs when compared to other competing test platforms. Multiple Diamond systems have been installed and are available immediately for program development and production test services.
"The addition of Diamond systems is a major step forward in accelerating our reach towards the convergence market with value-added test solutions and price performance. Cost-of-test is the key in today's demanding economic climate. We see the Diamond as an effective tool in decreasing production test costs by migrating devices from legacy systems and higher cost platforms to the lower cost Diamond systems," said Zef Malik, President of Silicon Turnkey Solutions.
"Our agreement with STS is an important step in making the Diamond platform the recognized leader in cost effective production test," noted Bruce MacDonald, vice president of marketing for LTX-Credence. "This alliance brings unsurpassed focus on the complete cost-of-test equation, from program development through production test."
About Silicon Turnkey Solutions (STS)
STS is recognized as a market leader in providing innovative, engineering-intensive and cost competitive turnkey solutions. STS also offers its expertise in the electrical test arena by providing the latest test program development and product characterization solutions for Graphics and Network Processors, Chip Sets, ASICs, Memories and consumer ICs, both pure digital and mixed-signal, as well as the mixed-signal to (RF) ICs. Apart from Test, STS provides Specialty Assembly, Level I and II Reliability & Qualification, Hardware Design & Manufacturing. More information is available at www.sts-usa.com
About LTX-Credence Corporation
LTX-Credence is a global provider of focused, cost-optimized ATE solutions designed to enable customers to implement best-in-class test strategies to maximize their profitability. LTX-Credence addresses the broad, divergent test requirements of the wireless, computing, automotive and entertainment market segments, offering a comprehensive portfolio of technologies, the largest installed base in the Asia-Pacific region, and a global network of strategically deployed applications and support resources. Additional information can be found at www.ltx-credence.com.
LTX-Credence is a trademark of LTX-Credence Corporation. All other trademarks are the property of their respective owners.