HARBOR ELECTRONICS JOINS EVERETT CHARLES TECHNOLOGIES
Pomona, CA, September 8, 2005 Executives and shareholders of Santa Clara, CA based Harbor Electronics Inc., a leading manufacturer of printed circuit boards for semiconductor test applications, announced a strategic decision to join Everett Charles Technologies (ECT). ECT is a wholly owned subsidiary of Dover Technologies and Dover Corporation, a publicly traded company listed on the New York Stock Exchange. Harbor Vice President Tim McNulty has been appointed to the position of President of ECT's Semiconductor Test Group (STG) responsible for the existing STG-MN (St. Paul) and STG-AZ (Tempe) operations, in addition to Harbor Electronics.
Commenting on the move McNulty said, Harbor's consistent growth over the past ten years is a result of our forward-looking management team and the investment commitment to follow our prescribed path. Our roadmap for continued growth and expansion motivated us to pursue the means via the additional financial and technical resources that this transaction affords us. The strategic integration of Harbor and STG, combined with the financial resources of Dover ($5.4 billion sales in 2004), will enhance our ability to provide products and services that meet our customers' demand for innovative and integrated test solutions.
Pat Flynn, President of Everett Charles Technologies, comments, Harbor has established a leading position in their market and we are convinced this trend will continue. Harbor's advanced pcb manufacturing capabilities and capacity complements our existing test socket, performance board, and IC handler product lines and augments STG's leadership position in this segment of the semiconductor test industry. This transaction serves as another indicator to our global customer base that STG is committed to providing local support, wherever they do business, with world class products and services. Harbor has a proven, talented management team that will continue to operate under McNulty's leadership as they have in the past.
Harbor Electronics, founded in 1988 by Michael Inglis, specializes in the manufacture of complex printed circuit boards for the semiconductor test industry. Operating within a "State of the Art" facility and using advanced, proprietary manufacturing techniques, rigid quality systems and strong partnerships with leading customers and suppliers, Harbor has become the premiere supplier of probe cards and load boards to global OEM's and support companies. Harbor is headquartered in Santa Clara, California with additional service locations in Folsom, California and Malaysia.
Everett Charles Technologies is a group of companies that uniquely addresses the electrical test requirements of semiconductor and printed circuit fab and assembly processes for the electronics industry. It includes such notable brands as Multitest, Rasco, ECT Pogo® products, atg test systems, Luther & Maelzer, and ECT Test Fixtures. By leveraging core technologies throughout the businesses, each has developed innovative solutions for the most demanding electrical test applications. ECT companies have been granted numerous patent awards and offer superior design, manufacturing, service, and support from ISO registered locations in Asia, Europe, and the United States. ECT companies are active participants in consortiums and have contributed to industry standards across the spectrum of electronics production test.For additional information, please contact Ellen Santoni, Corporate Communications, at Everett Charles Technologies; 700 East Harrison Avenue, Pomona, CA 91767; (909) 625-9357; FAX (909) 625-9395. ECT is located on the World Wide Web at https://ectinfo.com
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