WESTWOOD, Mass.--(BUSINESS WIRE)--Feb. 13, 2001--LTX Corporation (Nasdaq/LTXX), a leading supplier of semiconductor test equipment, today announced that David J. Ring has joined the Company as an Executive Vice President, responsible for Sales. In this role, Mr. Ring will lead and direct the Company's worldwide sales organization, which will include the development of new key account opportunities and strategic customer programs. In addition to his sales responsibilities, Mr. Ring will be a member of the LTX executive team responsible for charting the future direction of the Company. He will report directly to Roger W. Blethen, LTX's President and Chief Executive Officer.
Mr. Ring joins LTX from Entegris, Incorporated, a leading provider of wafer handling products, where he was most recently President of the Microelectronics Group. His responsibilities included overall strategic direction for the group, worldwide operations, quality, product development and global sales. Prior to Entegris, he held executive level positions in sales and marketing at Fluoroware, Incorporated and Empak, Incorporated. In all, he has over 16 years of experience in the semiconductor industry. Mr. Ring has an MBA from Lehigh University and a BS in Business from the University of Minnesota.
Roger Blethen, LTX President and Chief Executive Officer commented, "Dave is a strong executive leader with a proven track record in our industry. As we broaden the market reach of our Fusion product line by adding higher performance options and cost-scalable capabilities, Dave's extensive background working with major accounts in the semiconductor industry will benefit both LTX and its customers. Additionally, Dave's experience in corporate development and strategic planning will further round-out our executive team and help maximize our future growth opportunities. This is an exciting time for the Company."
Dave Ring said, "Joining LTX at this time is a unique opportunity. LTX has launched a successful new product line with industry leading technology. They have also developed an efficient P&L with a strong balance sheet, and have transformed their organization around a new business model. I am excited to have joined the LTX executive team and look forward to helping LTX grow."
LTX Corporation is the only semiconductor test equipment company to offer a "one test platform, zero compromises" solution for testing the full spectrum of system-on-a-chip, mixed signal, digital and analog integrated circuits. Headquartered in Westwood, Mass., the company has additional development facilities in San Jose, Calif., as well as sales and service facilities throughout North America, Europe, the Pacific Rim and Japan. LTX also provides development and manufacturing facilities in Japan through its unique alliance with Ando Electric Co. Ltd. LTX is traded on the Nasdaq National Market under the symbol "LTXX." Further information on LTX can be obtained by calling 1-888-INFOLTX (or 888 463-6589). LTX's web site is located at http://www.ltx.com.
LTX and Fusion are registered trademarks of LTX Corporation.
--30--es/bos*