Cimetrix Announces Year End Results and Record Earnings for 2000

Apr 17, 2001, 01:00 ET from Cimetrix Incorporated

    SALT LAKE CITY, April 17 /PRNewswire/ -- Cimetrix Incorporated (OTC: CMXX)
 announced its year 2000 financial results with a net sales increase of 53% and
 a net income increase of over 400% versus 1999.  Net Sales for the year were
 $5.9 million with a net income of $513,000.  The company's 10-K filing can be
 reviewed on the web site at www.cimetrix.com.
     Annual sales were strong, but did not meet company projections published
 in December of 1999.  This was due primarily to the shortfall in the projected
 AART and AART related sales as explained in the company's third quarter
 results announcement dated November 15, 2000.  As projected, revenues from the
 semiconductor division were strong in the fourth quarter, with significant new
 customer purchases of development systems, which the company expects to result
 in long-term continuing revenue.  Net income for the fourth quarter was lower
 than expected due to one-time commissions through resellers and higher than
 expected legal costs associated with the Object Factory litigation.  This
 lawsuit has since been settled.
     In the year 2000, Cimetrix made significant strides in broadening the
 foundation of the company through the addition of the semiconductor division
 and the introduction of several new software products.
     In 1999, Cimetrix identified what it believes to be a significant market
 opportunity in the growing area of semiconductor factory equipment
 communications.  Leveraging Cimetrix's core competency of factory software
 development, the company established the Semiconductor Division in the second
 quarter of last year.  It is located in San Jose, CA, the heart of Silicon
 Valley.  The company selected semiconductor equipment and software industry
 veteran Steve Hausle to head-up the new effort.  Developed in record time, the
 division's first semiconductor specific product offering is CIM300(TM), which
 provides connectivity for 300 mm semiconductor manufacturing tools.  CIM300
 was introduced at a time when no other comparable solutions were available.
 This calculated move has already allowed the company to win several orders
 from leading equipment manufacturers.
     Cimetrix continues to enhance its motion control products, and has
 expanded its CODE product family with the introduction of CIMBuilder(TM).
 This product expands Cimetrix's capability to meet the increasing demand of
 advanced motion intensive manufacturing processes.  Cimetrix has been able to
 capitalize on the strength of its motion control products to win major
 customers like SIG and Siemens Electronic Assembly Systems division.
     In a move to further the interest of the company, Cimetrix has appointed
 Robert Reback and David Faulkner to the office of the president.  In addition
 to the responsibilities of this new position, they will continue to carry out
 specific functions in sales and marketing respectively.
     "For fiscal year 2001, the Company is targeting similar increases in
 revenue and net income as were achieved in 2000.  The 2001 business plan is
 based on a 50% increase in sales and a 400% increase in net income," said Dave
 Faulkner, office of the president.  "We plan to achieve this growth by rapid
 penetration in the semiconductor market and the introduction of new machine
 control products that have been in development since last year."
 
     The final Company results for the fiscal year 2000 were:
 
 
     Revenue (000)          Q1         Q2          Q3          Q4       Total
        Budget           $1,025      $1,575      $2,000     $2,900     $7,500
        Actual             $757      $1,587      $1,775     $1,781     $5,900
 
     Net Income (000)       Q1         Q2          Q3          Q4       Total
        Budget            $(250)       $273        $800     $1,677     $2,500
        Actual            $(461)       $412        $556         $6       $513
 
 
     About Cimetrix Incorporated
     Cimetrix Incorporated, headquartered in Salt Lake City, Utah, is a
 developer of software products for 300 mm semiconductor tools and motion
 intensive applications such as, surface mount technology equipment,
 electronics assembly equipment, robots, and packaging equipment.  Their core
 product families are CODE (Cimetrix Open Development Environment), for machine
 control; CIM300, for 300mm connectivity; and the Connect series, for
 SECS/GEM/XML communications and testing.  For more information, please visit
 www.cimetrix.com.
 
     Safe Harbor Statement: The matters discussed in this news release include
 forward-looking statements within the meaning of Section 27A of the Securities
 Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  The
 comments made by the Company's senior management involve risks and
 uncertainties including but not limited to the pending sales of Cimetrix
 software, which include CODE, CIM300 and CIMConnect product families, that
 could be effected by economic climate, technological improvements, and other
 risks discussed more fully in filings by the Company with the Securities and
 Exchange Commission.  Reference is made to the Company's most recent Forms 10K
 and 10Q, which detail such risk factors.
 
 

SOURCE Cimetrix Incorporated
    SALT LAKE CITY, April 17 /PRNewswire/ -- Cimetrix Incorporated (OTC: CMXX)
 announced its year 2000 financial results with a net sales increase of 53% and
 a net income increase of over 400% versus 1999.  Net Sales for the year were
 $5.9 million with a net income of $513,000.  The company's 10-K filing can be
 reviewed on the web site at www.cimetrix.com.
     Annual sales were strong, but did not meet company projections published
 in December of 1999.  This was due primarily to the shortfall in the projected
 AART and AART related sales as explained in the company's third quarter
 results announcement dated November 15, 2000.  As projected, revenues from the
 semiconductor division were strong in the fourth quarter, with significant new
 customer purchases of development systems, which the company expects to result
 in long-term continuing revenue.  Net income for the fourth quarter was lower
 than expected due to one-time commissions through resellers and higher than
 expected legal costs associated with the Object Factory litigation.  This
 lawsuit has since been settled.
     In the year 2000, Cimetrix made significant strides in broadening the
 foundation of the company through the addition of the semiconductor division
 and the introduction of several new software products.
     In 1999, Cimetrix identified what it believes to be a significant market
 opportunity in the growing area of semiconductor factory equipment
 communications.  Leveraging Cimetrix's core competency of factory software
 development, the company established the Semiconductor Division in the second
 quarter of last year.  It is located in San Jose, CA, the heart of Silicon
 Valley.  The company selected semiconductor equipment and software industry
 veteran Steve Hausle to head-up the new effort.  Developed in record time, the
 division's first semiconductor specific product offering is CIM300(TM), which
 provides connectivity for 300 mm semiconductor manufacturing tools.  CIM300
 was introduced at a time when no other comparable solutions were available.
 This calculated move has already allowed the company to win several orders
 from leading equipment manufacturers.
     Cimetrix continues to enhance its motion control products, and has
 expanded its CODE product family with the introduction of CIMBuilder(TM).
 This product expands Cimetrix's capability to meet the increasing demand of
 advanced motion intensive manufacturing processes.  Cimetrix has been able to
 capitalize on the strength of its motion control products to win major
 customers like SIG and Siemens Electronic Assembly Systems division.
     In a move to further the interest of the company, Cimetrix has appointed
 Robert Reback and David Faulkner to the office of the president.  In addition
 to the responsibilities of this new position, they will continue to carry out
 specific functions in sales and marketing respectively.
     "For fiscal year 2001, the Company is targeting similar increases in
 revenue and net income as were achieved in 2000.  The 2001 business plan is
 based on a 50% increase in sales and a 400% increase in net income," said Dave
 Faulkner, office of the president.  "We plan to achieve this growth by rapid
 penetration in the semiconductor market and the introduction of new machine
 control products that have been in development since last year."
 
     The final Company results for the fiscal year 2000 were:
 
 
     Revenue (000)          Q1         Q2          Q3          Q4       Total
        Budget           $1,025      $1,575      $2,000     $2,900     $7,500
        Actual             $757      $1,587      $1,775     $1,781     $5,900
 
     Net Income (000)       Q1         Q2          Q3          Q4       Total
        Budget            $(250)       $273        $800     $1,677     $2,500
        Actual            $(461)       $412        $556         $6       $513
 
 
     About Cimetrix Incorporated
     Cimetrix Incorporated, headquartered in Salt Lake City, Utah, is a
 developer of software products for 300 mm semiconductor tools and motion
 intensive applications such as, surface mount technology equipment,
 electronics assembly equipment, robots, and packaging equipment.  Their core
 product families are CODE (Cimetrix Open Development Environment), for machine
 control; CIM300, for 300mm connectivity; and the Connect series, for
 SECS/GEM/XML communications and testing.  For more information, please visit
 www.cimetrix.com.
 
     Safe Harbor Statement: The matters discussed in this news release include
 forward-looking statements within the meaning of Section 27A of the Securities
 Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  The
 comments made by the Company's senior management involve risks and
 uncertainties including but not limited to the pending sales of Cimetrix
 software, which include CODE, CIM300 and CIMConnect product families, that
 could be effected by economic climate, technological improvements, and other
 risks discussed more fully in filings by the Company with the Securities and
 Exchange Commission.  Reference is made to the Company's most recent Forms 10K
 and 10Q, which detail such risk factors.
 
 SOURCE  Cimetrix Incorporated