New platform to combine ESI's technology with TZI's manufacturing
strengths and LaserTek's sales channel to address markets in China and
PORTLAND, Ore.--(BUSINESS WIRE)--
Electro Scientific Industries, Inc. (NASDAQ:ESIO), an innovator in
laser-based micromachining solutions, and Tian Zheng Precision Machinery
(TZI), a leading equipment manufacturer with specialty production
facilities in Eastern and Central China, announced a partnership to
design and manufacture a new set of multi-layer ceramic capacitor (MLCC)
testing solutions specifically designed to address the large-chip
testing market. The new platform will offer a lower-cost solution to
MLCC manufacturers processing 0402 (m1005) and larger MLCCs. The new
testing solution, to be marketed under the ESI name, will incorporate
ESI's handling and contacting technology but will be built by TZI,
drawing on their local design and manufacturing capabilities. It will be
sold and serviced through LaserTek's Chinese and Taiwanese distribution
channels, while additional markets will leverage ESI's distribution
"With cost of ownership being a competitive differentiator, partnering
with TZI is truly a win-win," stated Ed Grady, CEO of ESI. "Combining
TZI's low-cost/high-value manufacturing expertise with our technology
and LaserTek's customer reach not only provides customers a new
value-priced alternative for MLCC testing but also gives them access to
ESI's proven technology at a lower cost of ownership."
"We're looking forward to applying our unique design and manufacturing
resources to building this new MLCC solution," stated William Wan, TZI's
Chief Executive Officer. "Manufacturing this product locally, using
TZI's expertise and focus on quality, not only extends our production
capabilities, but also provides ESI with a strong offering to the MLCC
market in Asia."
"As the major manufacturing equipment supplier in Asia for passive
components, we're excited to offer a solution that incorporates ESI's
rotary testing technology at a lower price point," said Gary Cheng,
LaserTek's Chairman and CEO. "This is a good fit with our strategy of
providing customers with a one-stop-shopping experience and expands
ESI's market footprint both in Taiwan and China."
This new lower-cost solution will serve the needs of manufacturers
processing components 0402 (m1005) and larger, and will incorporate
patented ESI processing technology such as an advanced handler for
continuous automation and maximum productivity.
ESI's integrated solutions allow industrial designers and process
engineers to control the power of laser light to transform materials in
ways that differentiate their consumer electronics, wearable devices,
semiconductor circuits and high-precision components for market
advantage. ESI's laser-based manufacturing solutions feature the
micro-machining industry's highest precision and speed, and target the
lowest total cost of ownership. ESI is headquartered in Portland, Ore.,
with global operations from the Pacific Northwest to the Pacific Rim.
More information is available at www.esi.com.
TZI is the leading equipment manufacturer of tape and reel machines for
passive components and LED testers. TZI also provides machine
integration solutions for optimizing factory automation. TZI has
headquarters in Kaohsiung Taiwan and has manufacturing sites in Taiwan
and China. More information is available at www.tz-int.com.
LaserTek is a leading supplier of passive component manufacturing
equipment to Asian markets. With headquarters in Kaohsiung Taiwan and
branch offices in Hsin Chu, Dong Guan and Kun Shan, China LaserTek is
focused on being a total solutions provider for passive component
manufacturing equipment and materials. LaserTek's combination of
extensive sales channels, in-time service for local customers and a
broad range of solutions uniquely positions them as a total solution
provider in Asia. More information is available at www.lasertek.com.tw.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150901005795/en/
Rob Goodman, 503-380-2441
Source: Electro Scientific Industries, Inc.
News Provided by Acquire Media