12/06/2012 | Press release

LTX-Credence Announces the Shipment of the 750th Diamond Test System

distributed by noodls on 12/06/2012 14:22

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NORWOOD, Mass., Dec. 6, 2012 (GLOBE NEWSWIRE) -- LTX-Credence Corporation (Nasdaq:LTXC), a global provider of market focused, cost-optimized ATE solutions, today announced that it has shipped the 750th Diamond Series test system. The system was shipped to Sigurd Microelectronics as part of a multiple Diamondx system order to support capacity expansion for their customers.

Since its introduction in 2008, the Diamond Series has been adopted by a large number of customers as a strategic test platform for testing microcontrollers, power management ICs, and a wide range of consumer and mobility devices. The newest product in the Diamond Series, the Diamondx, was added earlier this year. The Diamondx expands the capability of the Diamond Series by incorporating a completely new, highly efficient multi-site architecture along with a multi-functional SerDes test option, and RF and analog test technology originally developed for the X-Series. These capabilities broaden the range of end applications that can be tested on the Diamondx while still offering customers the lowest cost of test based on capital cost, throughput and operating costs. Focused primarily on the digital application specific standard product (ASSP) market segment, the Diamondx has experienced a fast adoption rate as customers have quickly recognized the value in its innovative technology.

"The Diamond Series is key part of our growth strategy and the Diamondx in particular plays an important role by expanding our addressable market into the high-volume ASSP market segment," said David Tacelli, LTX-Credence president and chief executive officer. "Shipping the 750th system to Sigurd is fitting given the high adoption rate of the Diamond Series by OSATs in support of a broad range of customers and device types."

About LTX-Credence Corporation

LTX-Credence is a global provider of ATE solutions designed to deliver value through innovation enabling 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.ltxc.com .

LTX-Credence is a trademark of LTX-Credence Corporation.

All other trademarks are the property of their respective owners.

CONTACT: Richard Yerganian, LTX-Credence Corporation

         Tel. 781.467.5063

         Email rich_yerganian@ltxc.com

Source: LTX-Credence Corporation

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