Photronics recognized for its ultimate commitment to support TowerJazz
at the most critical times, around the globe and around the clock
BROOKFIELD, Conn.--(BUSINESS WIRE)--
Photronics,
Inc. (NASDAQ:PLAB), a worldwide leader in supplying innovative
imaging technology solutions for the global electronics industry,
announced today it has been honored to receive the 2015 "Best Mask Shop"
Supplier Award from TowerJazz,
the global specialty foundry leader.
TowerJazz's Supplier Awards recognize the contribution and commitment of
its finest partners. The suppliers are evaluated on the criteria of
value creation for TowerJazz. Photronics emerged as the winner of "Best
Mask Shop" Supplier for its unified global teams mask shop production
and meeting TowerJazz's aggressive project timelines for new product
tape outs.
Photronics implements global logistic improvements and increases global
mask shop capacity while maintaining global and competitive pricing.
Photronics implemented a quality assurance (QA) management system with
the highest supplier quality (SQ), showing the lowest supplier
corrective action requests (SCARs), and the highest on time delivery
(OTD) for standard and expedited masks to manufacture and ship. The
company also had the highest score for OTD, and was the first to meet
critical dimensions (CD) tight specifications.
"It is extremely gratifying to be recognized by a valued customer like
TowerJazz for our commitment to supplying the highest quality photomasks
in the industry," said Peter Kirlin, chief executive officer of
Photronics. "An award like this, which highlights our industry leading
customer service, is made possible by the dedication and hard work of
our entire organization. At Photronics, we strive to be the global
market, service, and technology leader for photomasks, while partnering
with our customers to assist them in producing semiconductors that meet
or exceed the expectations of their customers. It is truly an honor to
receive this award."
"This year Photronics went above and beyond. They listened to our needs
on capacity, met our aggressive project timelines for new product tape
outs, added Alta tools where we needed, and worked with us diligently on
tight CD correlations, all while maintaining product quality and best
on-time delivery to our fabs worldwide," said Ori Galzur, Vice President
of VLSI Design Center and Design Enablement, TowerJazz.
About Photronics
Photronics is a leading worldwide manufacturer of photomasks. Photomasks
are high precision quartz plates that contain microscopic images of
electronic circuits. A key element in the manufacture of semiconductors
and flat panel displays, photomasks are used to transfer circuit
patterns onto semiconductor wafers and flat panel substrates during the
fabrication of integrated circuits, a variety of flat panel displays
and, to a lesser extent, other types of electrical and optical
components. They are produced in accordance with product designs
provided by customers at strategically located manufacturing facilities
in Asia, Europe, and North America. Additional information on the
Company can be accessed at www.photronics.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements made by or on behalf of
Photronics, Inc. and its subsidiaries (the Company). The forward-looking
statements contained in this press release and other parts of
Photronics' web site involve risks and uncertainties that may affect the
Company's operations, markets, products, services, prices, and other
factors. These risks and uncertainties include, but are not limited to,
economic, competitive, legal, governmental, and technological factors as
well as decisions we may make in the future regarding our business,
capital structure and other matters. These forward-looking statements
generally can be identified by phrases such as "believes", "expects",
"anticipates", "plans", "projects", "could", "estimate", "intend",
"may", "will" and similar expressions. Accordingly, there is no
assurance that the Company's expectations will be realized. For a fuller
discussion of the factors that may affect the Company's operations, see
"Forward Looking Statements" in the Company's Quarterly and Annual
Reports to the Securities and Exchange Commission on Forms 10-Q and
10-K. The Company assumes no obligation to provide revisions to any
forward-looking statements.
17-2015
View source version on businesswire.com: http://www.businesswire.com/news/home/20151123005890/en/
Photronics, Inc.
R. Troy Dewar, CFA, 203-740-5610
Director,
Investor Relations
tdewar@photronics.com
Source: Photronics, Inc.
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