Suntron Corporation and Applied Materials Settle Litigation Friday November 10, 5:58 pm ET
PHOENIX, Nov. 10, 2006 (PRIMEZONE) -- Suntron Corporation (NASDAQ:SUNN - News) and Applied Materials, Inc. (NASDAQ:AMAT - News) announced today that a confidential settlement agreement has been reached that terminates litigation initially filed by Suntron in December 2004 and by Applied Materials in January 2005. Applied Materials, Suntron Corporation and Suntron GCO, L.P. have resolved their disputes and agreed to dismiss their respective lawsuits filed in Texas and California. Applied has agreed to pay Suntron a confidential sum and will acquire certain Suntron inventory. The parties mutually release one another of all claims.
About Suntron Corporation
Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the aerospace and defense, industrial, semiconductor capital equipment, networking and telecommunications, and medical markets. Headquartered in Phoenix, Arizona, Suntron operates six full-service manufacturing facilities and two quick-turn manufacturing facilities in North America. Suntron is involved in product design, engineering services, cable and harness production, printed circuit card assembly, box build, large scale and complex system integration and test. Visit http://www.suntroncorp.com or call 888-520-3382 for more information.
Applied Materials, Inc. (NASDAQ:AMAT - News) is the global leader in Nanomanufacturing Technology(tm) solutions for the electronics industry with a broad portfolio of innovative equipment, service and software products. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at http://www.appliedmaterials.com.
Contact:
Suntron Corporation Paul Singh, President and CEO Thomas B. Sabol, Chief Financial Officer (602) 789-6600 ir*suntroncorp.com
Applied Materials, Inc. Patricia Zepeda Vera, Media Relations (408) 563-8160 media_relations*amat.com