AZ to boost Ormet's presence in packaging and circuit board markets
AZ Electronic Materials (AZ), a producer of specialty chemical materials used in the manufacturing of semiconductors, flat panel displays and LEDs, has entered into a distribution agreement with Ormet Circuits, Incorporated, a designer and manufacturer of sintering, electrically conductive materials, for use in the manufacture of advanced electronic devices.
Ormet's conductive sintered-metal pastes are claimed to offer improved electrical performance with greater processing flexibility than conventional lead-based solders and conductive adhesives.
Based in San Diego, California, Ormet develops lead-free conductive pastes which are based on the company's proprietary and patent protected- Transient Liquid Phase Sintering (TLPS) technology. Ormet's products are used in a variety of applications from circuit board fabrication to semiconductor packaging.
AZ's global sales and technical support infrastructure and experience working within a certified electronics supply chain will enhance Ormet's abilities to place its materials with large semiconductor manufacturing companies.
Geoff Wild, AZ's Chief Executive Officer, comments, "Collaborating with the Ormet team provides AZ with the opportunity to apply our global footprint and industry-leading material scale-up capabilities to the development of semiconductor packaging materials. Ormet's proprietary technologies, combined with AZ's global presence, will support semiconductor companies worldwide."
"We are pleased to join with AZ in developing a solution that is essential for the semiconductor packaging industry in producing advanced and environmentally friendly semiconductors," says Michael Matthews, Ormet's Chief Executive Officer, adding, "Our lead-free electrically conductive materials offer many advantages over conventional solders, in the semiconductor packaging and advanced circuit board industries. We are looking forward to collaborating with AZ in broadening the availability of our advanced semiconductor packaging materials in the market."
As part of the collaboration between the two companies, AZ is also making a strategic equity investment in Ormet. The strategic advisory firm of Cerian Technology Ventures, LLC has advised Ormet on the transaction.
