Entegris Opens New Facility In Bedford, MA To Support The World's Most Demanding High-Tech Manufacturers
BEDFORD, MASS.--(BUSINESS WIRE)--
Entegris Inc. (NASDAQ-GS: ENTG), a Billerica-based materials and solutions provider to the microelectronics industries, today inaugurated its new i2M Center for Advanced Materials Science ("The i2M Center") in Bedford, Massachusetts. The facility is the company’s flagship innovation center for developing break-through filtration and specialty coatings technologies, which are used to maximize production yields in the world’s most demanding and challenging microelectronics manufacturing environments.
Entegris' i2M Center for Advanced Materials Science located in Bedford, MA held its grand opening on Wednesday, June 18, 2014. (Photo: Business Wire)
Representing an investment of more than $55 million, The i2M Center is one of the world’s leading R&D and manufacturing centers for filtration media, metal membranes, electrostatic clamps (E-Chucks) and proprietary advanced, low-temperature coatings. Entegris estimates that its technology solutions enable the production of most of the world’s semiconductor devices and electronics, which are the fundamental building blocks of high-tech products such as computers, smartphones, TVs and cars. Entegris’ technologies achieve the nano-level purity required in advanced manufacturing environments by controlling particles and other contaminants that are so small they are measured in widths of atoms.
Bertrand Loy, President and CEO of Entegris, said: “i2M stands for ‘ideas to market’ and we intend for this facility to be our flagship innovation center for solving very difficult materials science challenges. Our customers run extremely complex manufacturing processes and the i2M Center reflects our commitment to developing truly innovative solutions to support their process advancements. As a global company serving global customers, we evaluated a number of locations for this new building. We chose Massachusetts because it is at the epicenter of some of the best engineering talent in the world.”
Approximately 100 professionals will work at i2M Center, many of whom hold doctorates and advanced degrees in material/separation science and chemical engineering. Entegris has approximately 350 employees in Massachusetts and approximately 3,500 employees worldwide.
The Company reported on April 30, 2014 that it completed the acquisition of Danbury-based ATMI for $1.1 billion.
Entegris is a leading provider of yield-enhancing materials and solutions for advanced manufacturing processes in the semiconductor and other high-technology industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at www.entegris.com.
Certain information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current management expectations only as of the date of this press release, and involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Statements that include such words as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “may,” “will,” “should” or the negative thereof and similar expressions as they relate to Entegris or our management are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks include, but are not limited to, fluctuations in the market price of Entegris’ stock, Entegris’ future operating results, Entegris’ ability to successfully integrate the ATMI business and achieve anticipated synergies, other acquisition and investment opportunities available to Entegris, general business and market conditions and other factors. Additional information concerning these and other risk factors may be found in previous financial press releases issued by Entegris and Entegris’ periodic public filings with the Securities and Exchange Commission, including discussions appearing under the headings “Risks Relating to our Business and Industry,” “Manufacturing Risks,” “International Risks,” “Risks Related to Owning Our Securities,” and “Risks Related to the Pending Merger with ATMI, Inc.” in Item 1A of our Annual Report on Form 10–K for the fiscal year ended December 31, 2013, as well as other matters and important factors disclosed previously and from time to time in the filings of Entegris with the U.S. Securities and Exchange Commission. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update publicly any forward-looking statements contained herein.
Copyright Business Wire 2014