Cabot And NanoProducts Form Strategic Alliance
July 13, 2004
Cabot Microelectronics Corp. recently announced that it has entered into a strategic alliance with NanoProducts Corp. to collaborate in the development of nanoscale powders and particles for use in fine finish polishing applications, including CMP slurries. In addition, Cabot Microelectronics has obtained a minority equity stake in NanoProducts for an investment of $3.75 million in the company. The alliance significantly strengthens a joint development relationship between the parties that has been ongoing since 2002, and provides that NanoProducts will work exclusively with Cabot Microelectronics in developing its technology in the area of CMP. The agreement has an initial term of three years and is renewable.
For additional information, contact Cabot Microelectronics at (630) 499-2600 or visit http://www.cabotcmp.com. To reach NanoProducts, call (970) 53500629, ext. 240, or visit http://www.nanoproducts.com