Danvers, Mass.-- Oct. 24, 1997--Martin J. Reid, 56, has been named president, chief executive officer and director of Ibis Technology Corporation, the leading supplier of SIMOX-SOI (separation by implantation of oxygen/ silicon-on-insulator) wafers to the semiconductor industry. Mr. Reid will assume the positions effective December 1, 1997 and will succeed Dr. Geoffrey Ryding, 55, who will remain on the Board of Directors and continue to serve as a consultant to the Company.
Martin J. Reid comes to Ibis with over 25 years experience in the semiconductor industry, where he served most recently until July 1996 as president and chief executive officer of Alpha Industries, Inc., an approximately $100 million corporation. Over aperiod of 20 years at Alpha, he helped increase the silicon semiconductor business ten-fold and started a new Gallium-Arsenide (GaAs) integrated circuit technology, which became the company's largest growth area. Gallium-Arsenide material technology is used tofabricate monolithic circuits in the accelerating wireless cellular telephone and personal communications markets. Mr. Reid also established Alpha as a major supplier to leading worldwide OEM cellular telephone manufacturers. Beginning in July of 1996, he assumed an advisory role at Alpha in which he focused on business andstrategic issues related to the wireless and semiconductor technologies.
Mr. Reid continues to serve on the boards of directors of Alpha Industries, Inc. and Secure Technologies, Inc. He is also an advisor to various companies on the latest emerging semiconductor technology trends. Mr. Reid received both his BSEE and MSEM from Northeastern University and is a member of IEEE and other IEEE professional groups.
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