MKS Enters Into New Sales Channel Agreement for Industrial Market
Andover, Mass., July 15, 2015 -- MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of technologies that enable advanced processes and improve productivity, announced today that it has entered into an agreement to provide privately labeled products to a leading vacuum solutions provider in manufacturing and analytical processes, as well as for research. Under the terms of the agreement MKS will provide customized gauge products for inclusion in their online vacuum solutions catalog.
Gerald G. Colella, CEO and President of MKS, said "I am very pleased to have won this important business with one of the most respected companies in the general industrial vacuum market. This exciting opportunity expands our sales within the industrial market, further supporting our growth strategy to organically increase sales to other advanced markets." Shipments are expected to begin later this year.
MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. Our products are derived from our core competencies in pressure measurement and control, materials delivery, gas composition analysis, control and information technology, power and reactive gas generation, and vacuum technology. Our primary served markets are manufacturers of capital equipment for semiconductor devices, and for other thin film applications including flat panel displays, solar cells, light emitting diodes, data storage media, and other advanced coatings. We also leverage our technology in other markets with advanced manufacturing applications including medical equipment, pharmaceutical manufacturing, energy generation, and environmental monitoring.