FormFactor Honored with California Innovation Award
April 26, 2007
Company recognized for market leadership, continuous innovation and contributions to the State of California
LIVERMORE, Calif. – April 26, 2007 – FormFactor, Inc. (Nasdaq: FORM) today announced that it has been honored by the California Commission for Jobs and Economic Growth with the California Innovation Award. FormFactor was among 15 companies to receive this award, and is included among the ranks of some of California’s leading technology innovators, including Juniper Networks, Network Appliance, Qualcomm, Symantec and Trimble. The company was presented with the award at a ceremony during the California Tech 100 conference in Irvine, Calif., held on April 24-25, where it was also recognized as an “Innovation All-Star”.
“We believe innovation and entrepreneurship are the drivers of economic growth in California,” stated Mark Mosher, executive director for the California Commission for Jobs and Economic Growth—a nonprofit corporation whose members are chosen by California Governor Arnold Schwarzenegger to advise him on how to expand jobs and economic growth in the state. “These Innovation All-Stars are models for our state.”
The goal of the California Tech 100 is to highlight both established and emerging companies
that represent California’s commitment to innovation, entrepreneurship and workforce development. A screening committee of California Tech 100 hosts recognized 75 companies as “Innovation All-Stars” from nearly 300 nominations based on uniqueness of innovation and presence in the California Innovation Corridor—a region ranging from Alameda in the north, San Diego in the south, and the Inland Empire in the east. Among the 75 “Innovation All-Stars”, 15 companies received the highest honor—the California Innovation Award—based on market leadership in their industry, employment figures, continuous innovation of products and services, contributions to the California economy, and significant accomplishments in 2006.
“Innovation is at the core of our ability to provide semiconductor manufacturers around the world with solutions that lower their cost of test and enable their technology roadmaps,” stated Igor Khandros, FormFactor’s CEO. “We are committed to developing products and solutions that make our customers successful and it is an honor to have our efforts recognized by California, home of many of the world’s leading technology companies.”
For more information on the Innovation All-Star program, including a full roster of Innovation All- Star companies, visit http://www.goldencapital.net/Events/OC_AllStarList.asp
Statements in this press release that are not strictly historical in nature are forward-looking statements within the meaning of the federal securities laws, including statements regarding the performance of our products. These forward-looking statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward- looking statement due to various factors, including, but not limited to, the company’s ability to: scale its products and solutions with customer needs and requirements, to help its customers lower their overall cost of test and to develop and deliver innovative technologies for its customers. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in the company’s Form 10-K for the fiscal year ended December 30, 2006 and the company’s subsequent 10-Q and 8-K filings, which the company files with the Securities and Exchange Commission (“SEC”). Copies of the company’s SEC filings are available at http://investors.formfactor.com/edgar.cfm. The company assumes no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements.