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Isonics to take over EMG wafer production business

Posted: 05 Apr 2004 ?? ?Print Version ?Bookmark and Share

Keywords:isonics? silicon wafer? encompass materials group?

Isonics Corp. has signed a letter of intent (LoI) to acquire the silicon wafer manufacturing business and related assets from EnCompass Materials Group Ltd (EMG). EMG manufactures silicon test wafers and provides wafer recycling services for semiconductor manufacturers.

"While we have been selling small quantities of thick-film SOI wafers, we were reluctant to go after larger, more valuable orders until we had established a functional manufacturing infrastructure capable of producing quality products in large volumes," commented James Alexander, chairman and CEO of Isonics. "Faced with growing demand for our SOI wafers, we needed a plan which simplified and expedited this segment's transition from a development stage organization, to a high volume manufacturer. This transaction will provide Isonics with an ISO 9002 and ISO 14001 compliant manufacturing facility into which we will install our equipment and proprietary processes for producing silicon-on-insulator wafers," Alexander added.

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