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Cabot Microelectronics Corporation Receives Supplier Excellence Award from Texas Instruments

/EIN News/ -- Aurora, IL, April 06, 2017 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, announced today that Texas Instruments (TI) presented its Supplier Excellence Award to Cabot Microelectronics Corporation, recognizing its performance in 2016. The company was one of only 16 suppliers, and the only CMP slurry and polishing pad supplier, to be honored with the award, out of more than 12,000 suppliers to TI. Cabot Microelectronics was recognized for its commitment to the highest level of ethical behavior, and exceptional performance in the areas of cost, environmental and social responsibility, technology, responsiveness, assurance of supply and quality. This award is TI’s highest level of supplier recognition, acknowledging truly exceptional and world-class execution.

“We are delighted to have earned TI’s highest level of supplier recognition, the Supplier Excellence Award,” said David Li, President and CEO of Cabot Microelectronics. “This recognition is a testament to our demonstrated capability to deliver high-performing, high-quality CMP slurries and pads that help solve our customers’ challenges. We are proud of our long-term relationship with TI and look forward to continued collaboration and growth together in the future.”

"Our supply chain partners collaborate with us to provide the differentiated solutions our customers need to innovate and get to market first," said Rob Simpson, Vice President of TI's Worldwide Procurement and Logistics. "Our most critical suppliers, like Cabot Microelectronics, are paramount to our success and help us serve our customers and achieve our priorities through outstanding quality, innovation, execution and performance."

An announcement was made on TI’s website; for additional details click here.

ABOUT CABOT MICROELECTRONICS CORPORATION

Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the world's leading supplier of CMP polishing slurries and a growing CMP pad supplier to the semiconductor industry. The company’s products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers. The company's mission is to create value by delivering high-performing and innovative solutions that solve its customers’ challenges. The company has approximately 1,125 employees on a global basis. For more information about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Trisha Tuntland, Director of Investor Relations at 630-499-2600.

SAFE HARBOR STATEMENT

This news release may include statements that constitute “forward looking statements” within the meaning of federal securities regulations. These forward-looking statements include statements related to: future sales and operating results; growth or contraction, and trends in the industry and markets in which the company participates; the company’s management; various economic or political factors and international or national events; regulatory or legislative activity; product performance; the generation, protection and acquisition of intellectual property, and litigation related to such intellectual property; new product introductions; development of new products, technologies and markets; the company’s supply chain; natural disasters; the acquisition of, investment in, or collaboration with other entities; uses and investment of the company’s cash balance, including dividends and share repurchases, which may be suspended, terminated or modified at any time for any reason, based on a variety of factors; financing facilities and related debt, payment of principal and interest, and compliance with covenants and other terms; the company’s capital structure; the company’s current or future tax rate; and the operation of facilities by Cabot Microelectronics Corporation. These forward-looking statements involve a number of risks, uncertainties, and other factors, including those described from time to time in Cabot Microelectronics’ filings with the SEC, that could cause actual results to differ materially from those described by these forward-looking statements. In particular, see "Risk Factors" in the company’s quarterly report on Form 10-Q for the quarter ended December 31, 2016 and in the company’s annual report on Form 10-K for the fiscal year ended September 30, 2016, both filed with the SEC. Cabot Microelectronics assumes no obligation to update this forward-looking information.

Trisha Tuntland
                    Director of Investor Relations
                    (630) 499-2600

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