The agreement will allow Dynacraft to use related patents, application, technical know-how, and associated plating equipment to manufacture leadframe products using the Samsung µ-PPF technology. Technical teams from both companies will transfer and install the technology and capability into the Penang, Dynacraft facility, located in Penang, Malaysia, by 2005’s end. µ-PPF’s advantages include cost-effectiveness for lead-free requirements, the ability to be used with Alloy 42 leadframe-based products, and eliminated post-assembly solder-plating processes, thereby reducing assembly cycle time and lowering costs.
(June 30, 2005) Irvine, Calif. — Newport Corp. has purchased the 3,220,300 shares of its common stock issued as part of the consideration for its purchase of Spectra-Physics from Thermo Electron Corp. back in July 2004. Newport paid $13.56 per share, or $43.7 million for the shares, determined by negotiation between Newport and Thermo Electron, and representing a discount from the average closing price of Newport common stock for the last 20 trading days.