SAN JOSE, Calif., July 14, 2008 (PRIME NEWSWIRE) -- PDF Solutions(r), Inc.
(Nasdaq:PDFS), the leading provider of yield improvement technologies and
services for the integrated circuit (IC) manufacturing process life cycle, today
announced the appointment of Joy E. Leo to the new position of chief
administration officer (CAO). In her new role, Leo will report to PDF Solutions'
president and chief executive officer, John Kibarian, and assume direct
responsibility for all activities related to the company's global administration
function, including legal, human resources, information technology, investor
relations, and finance. PDF Solutions' chief financial officer Keith Jones will
continue in his role and will report to the CAO.
"Joy's demonstrated track record of growing successful high technology
companies, driving operational efficiencies, and building shareholder value,
along with her strong business acumen, effective leadership, and strong industry
experience, make her an excellent choice to be PDF Solutions' new chief
administration officer," said Kibarian. "Joy will be an invaluable addition as
we position the company to achieve sustainable operational excellence and
profitability. We are very pleased to have her join our executive management
team."
Leo has more than twenty-five years of financial and corporate management
experience with leading electronics companies. Prior to joining PDF Solutions,
Leo was senior vice president, chief financial officer and secretary for
Credence Systems Corporations. Leo served as vice president of finance and
administration, chief financial officer and secretary for Artisan Components,
Inc., now known as ARM Holdings PLC. During her tenure at Artisan, she
successfully guided the company to year-over-year net income growth and
significantly improved operational efficiency. Leo also served as vice president
of finance and administration and chief financial officer for IMP, Inc.; vice
president of finance, operations and administration at Innomedia Incorporated;
and vice president and chief financial officer for Philips Components, a
multi-billion dollar division of Royal Philips Electronics N.V. Leo holds a
bachelor's degree in business administration and finance from the University of
Utah.
About PDF Solutions
PDF Solutions, Inc. (Nasdaq:PDFS) is the leading provider of yield improvement
technologies and services for the IC manufacturing process life cycle. PDF
Solutions offers solutions that are designed to enable clients to lower costs of
IC design and manufacture, enhance time to market, and improve profitability by
addressing design and manufacturing interactions from product design to initial
process ramps to mature manufacturing operations. PDF Solutions'
Characterization Vehicle(r) (CV(r)) test chips provide the core modeling
capabilities, and are used by more leading manufacturers than any other test
chips in the industry. PDF Solutions' industry leading yield management system
software, dataPOWER(r), and fault detection and classification software,
maestria(r), enhance yield improvement and production control activities at
leading fabs around the world. Headquartered in San Jose, Calif., PDF Solutions
operates worldwide with additional offices in China, Europe, Japan and Korea.
For the company's latest news and information, visit http://www.pdf.com/.
Characterization Vehicle, CV, dataPOWER, maestria, PDF Solutions, and the PDF
Solutions logo are registered trademarks of PDF Solutions, Inc.
The PDF Solutions, Inc. logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=3199
Forward-Looking Statements
This release contains statements that are forward-looking within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements regarding Ms.
Leo being an invaluable addition to the Company, and the positioning of the
Company to achieve sustained operational excellence and profitability. These
forward-looking statements involve important factors that could cause our actual
results to differ materially from those in the forward-looking statements. Such
important factors involve risks and uncertainties including, but not limited to,
any unforeseen industry changes; difficulties in modifying PDF's solutions on a
timely basis; and changes in the marketplace for such solutions, including the
introduction of products or services competitive with PDF Solutions' products
and services and other risks set forth in PDF Solutions' periodic public filings
with the Securities and Exchange Commission, including, without limitation, its
annual reports on Form 10-K, most recently filed on March 17, 2008, and its
quarterly reports on Form 10-Q, most recently filed on May 12, 2008. The
forward-looking statements contained in this release are based on limited
information currently available to us, which is subject to change. Although any
such projections and the factors influencing them will likely change, we will
not necessarily update the information, since we only provide guidance at
certain points during the year. Actual events or results could differ materially
and no reader of this release should assume at a later date that the information
provided today is still valid. Such information speaks only as of the date of
this release. PDF Solutions does not assume any obligation to update such
statements nor the reasons why actual results could differ materially from those
projected in such statements.
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CONTACT: PDF Solutions, Inc.
Investor Relations Contact:
P. Steven Melman, VP, Investor Relations
(408) 938-6445
steve.melman@pdf.com
Sonia Segovia, IR Coordinator
(408) 938-6491
sonia.segovia@pdf.com
