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Nissan Chemical to Distribute Silecs' Products in Japan
Joint development of new products provides an expanded offering to customers of both companies
Yokohama, Japan, October 18, 2006 – Nissan Chemical Industries and Silecs, Inc. announced today that the companies have signed an agreement for distribution of Silecs' products in Japan. The initial marketing focus in Japan will be on optical dielectric materials for CMOS and CCD image sensor production, and will later expand to other semiconductor and flat panel display applications. This follows the recent technical qualification of a jointly developed product by a key customer of Nissan. To support this and other customers, Nissan will also carry local inventory at its warehouses in Japan.
"We are pleased to form this alliance, extending our product offerings to include new products developed by Silecs, as well as jointly developed products," said Masaru Iida, director of the Electronic Materials Division of Nissan Chemical Industries. "We have been very impressed by Silecs' development and production capabilities, and are pleased to enter into a long term partnership with Silecs."
"This is a groundbreaking alliance for Silecs, as we expand our market and customer base throughout Asia," said Jack Kokko, chief executive officer of Silecs. "Nissan Chemical is an outstanding partner with excellent customer relationships and strong distribution and manufacturing capabilities, and will provide a solid local source for our products for the Japanese microelectronics market," added Fred McNeil, vice president of sales for Silecs.
About Nissan Chemical Industries, Ltd.
Nissan Chemical Industries, Ltd. has 120 years history providing many unique products in a wide range of fields, from basic chemical products supporting our daily lives to electronic industrial materials that contribute to technological innovation in the IT industry. By communicating with its users, it intends to continue developing products that meet their high-level needs. Nissan Chemical Industries, Ltd. has annual sales of $1.5 billion and employs 1500 people worldwide. More information about Nissan Chemical Industries, Ltd. can be found at www.nissanchem.co.jp.
About Silecs
Silecs is a global developer and manufacturer of silicon-oxygen polymers. These precision dielectrics and coatings enable production of ever-denser microelectronic devices as Moore’s Law progresses. Using nano-particles, the company tailors product performance to the most critical and demanding customer requirements, ranging from temperature to transparency. Its principal locations and customer partnerships include: China-Taiwan, Finland, Japan, Korea, Singapore, and the US. The company can be found at www.silecs.com.