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News Article

Ibis Technology selects investment banker to pursue potential sale of the company

News
The SIMOX-SOI implantation equipment provider is assessing the potential sale of the company with BlueLake Partners LLC.
Ibis Technology Corporation a provider of SIMOX-SOI implantation equipment to the worldwide semiconductor industry announced that it has engaged the investment bank BlueLake Partners, LLC for the purpose of assessing strategic alternatives for Ibis, including a potential sale of the Company and/or its assets. No decision has been made as to whether Ibis will engage in a transaction or transactions resulting from its consideration of strategic alternatives, and no assurance can be given that any transaction or transactions will occur or, if undertaken, the terms or timing of such a transaction. The Company does not intend to comment further publicly with respect to this assessment unless a specific transaction or alternative is approved by its Board.

Commenting on the matter, Martin J. Reid said "We expect to analyse a number of potential strategic paths with the benefit of expertise provided by BlueLake Partners."
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