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IQE

8 July 2014

Retiring SPTS CEO to remain non-executive director of BluGlass

BluGlass Ltd of Silverwater, Australia says that its board was notified on 7 May of the sale of plasma etch, deposition and thermal wafer processing equipment maker SPTS Technologies Ltd of Newport, Wales, UK to Orbotech Ltd of Yavne, Israel (which makes production equipment for manufacturers of printed circuit boards, flat-panel displays and other electronic components). SPTS is a substantial shareholder in BluGlass, holding 19.9% of the issued shares.

BluGlass says that Orbotech is at the cutting edge of the electronics industry supply chain, as an innovator of enabling technologies used in the manufacture of consumer and industrial products.

Dr William Johnson has confirmed his commitment to remain as a non-executive director of BluGlass following his retirement as CEO of SPTS.

The board of BluGlass says that it looks forward to developing a constructive relationship with Orbotech over the coming months.

See related items:

Orbotech to acquire SPTS for $370m

Tags:  SPTS BluGlass

Visit: www.orbotech.com

Visit: www.spts.com

Visit: www.bluglass.com.au

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