PHOENIX, June 9, 2014 /PRNewswire/ -- OEM Group Inc., of Gilbert, Arizona, and ClassOne Equipment Inc. of Decatur, Georgia announced today that they have signed a settlement agreement. Since November 2013, OEM Group, Inc. and ClassOne Equipment, Inc. have pursued legal claims against one another in the United States District Court for the District of Arizona. All litigation was terminated on May 29, 2014 with neither party admitting to any wrongdoing or liability. Details of the agreement are confidential.
About OEM Group, Inc.:
OEM Group is a global manufacturer of new and remanufactured semiconductor capital equipment and upgrades focused on innovative and complete sustaining solutions for developed and emerging technologies. Their proven LEGENDS' technology portfolio is based on exclusive intellectual property acquired from leading semiconductor brands, including: P5000', Tegal' Etch, Sputtered Films® Endeavor', MRC® Eclipse', AGHeatpulse®, Varian® Sunset', Lam® AutoEtch' and Applied Materials-SEMITOOL® Manual and Automated Batch and Equinox'. OEM Group also provides foundry services designed for piezoelectric AlN films, yield-optimization and process development.
Contact: Michael LaMonica, 480.609.8565, ext. 316, Michael.lamonica@oemgroupinc.com
About ClassOne Equipment, Inc.:
ClassOne Equipment (http://ClassOneEquipment.com) is a recognized leader in the business of equipment refurbishment with over 2,500 tools installed world-wide in four key markets:SemitoolWet Chemical Processing, SPTS Plasma Etching & PECVD, Suss/EVG Mask Aligners, and KLA-Tencor Wafer Inspection.Known for superior quality 75 to 300mm equipment, customer-first service, and its 30-day unconditional return policy, the ClassOne team has been winning and serving customers in the traditional semiconductor and emerging technology sectors for over a decade.
Contact: Kevin Witt, 406.755.2200, ext. 2, KWitt@ClassOne.com
SOURCE OEM Group, Inc.
