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Equipment and Materials ♦ news digest 8401 and 401 respectively.


Plasma-Therm recognised for manufacturing excellence


The semiconductor equipment manufacturer says the preparation for the judging process uncovered unexpected benefits by identifying the positive points as well as areas for improvement


Plasma-Therm was named a finalist for the 2011 Manufacturer of the Year Award.


Each company was evaluated on its commitment to their business, their customers and their employees. A total of sixteen finalists were chosen in four categories for the award. The areas of focus included: leadership, strategic planning, customer and market focus, measurement, analysis and knowledge management, workforce focus, and process management.


“We are very proud to have been selected as a Finalist for the Manufacturer of the Year Award. This achievement recognises the hard work and dedication of our entire team here at Plasma-Therm,” said Scott Craver, Director of Operations. “The preparation for the judging process, analysis and evaluation of our business processes uncovered unexpected benefits. Not only did it identify the positive things we are doing, it also highlighted the areas where we need improvement; this will help us provide even greater value to our customers.”


Winners were announced at the Annual Manufacturers’ Summit and Global Marketplace on December 1, 2011 in Orlando, Florida.


SMG Indium secures $7.5 million funding


SMG intends to issue 2 million shares of common stock at $3.75 per share and expects to use 85% of the gross proceeds to purchase and stockpile the metal indium and 15% for general corporate purposes


SMG Indium Resources (SMG) has entered into a definitive purchase agreement to sell $7.5 million of its common stock in a private placement offering to entities affiliated with Raging Capital Management LLC.


“We are pleased that our largest shareholder, Raging Capital Management LLC, continues to believe in our corporate vision and has decided to increase its investment in our Company. We have agreed to issue common stock at a 10% premium to the closing bid price and essentially at parity to our Net Market Value (“NMV”) which was last reported on our website on December 31, 2011 at $3.76 per share. With the proceeds, we will continue to expand our strategic stockpile of indium,” said Alan C. Benjamin, chief executive officer of SMG Indium Resources.


“We believe the supply/demand fundamentals of the indium market are very compelling, and we are excited to be shareholders in what we believe is the world’s largest strategic stockpile of the metal. Further, the Company has successfully acquired an additional 25 metric tons of indium since the initial public offering,” said William C. Martin, Chairman and Chief Investment Officer of Raging Capital Management, LLC.


Indium is strongly linked to the burgeoning digital economy. Indium in the form of indium tin oxide (“ITO”) creates the optically transparent electrodes that drive LCD displays on TVs, computer monitors, laptops, tablets, smartphones and touchscreens. The demand for LCD glass has continued to grow even during the recession. Additionally, the unique


January / February 2012 www.compoundsemiconductor.net 221


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