Presto Engineering Announces Opening of New Semiconductor Service Hub in Israel Through Its Acquisition of ITH's Assets

New Israeli operation to offer comprehensive testing, reliability and FA services

SAN JOSE, Calif. & MIGDAL HAEMEK, Israel-- January 24, 2012--Presto Engineering, the leader in integrated test and product engineering services, today announced the opening of its newest Hub to serve the semiconductor design community in Israel. The company’s new Israeli Hub was established through the acquisition of the assets of ITH (Israel Test House) by Presto Engineering. Working in conjunction with the existing Presto Engineering Hubs in Silicon Valley and Europe, the new Hub offers the Israeli electronics and semiconductor community a complete selection of chip testing, reliability / stress testing and failure analysis services.

“Israel continues to be a premier market for microelectronics, especially in the area of high speed communications,” stated Dr. Michel Villemain, Presto Engineering founder and CEO. “The newest generation of networking and communication devices originating from teams in Israel, as well as local electronics activities, demands a superior level of local service. The acquisition of ITH demonstrates our commitment to invest in the Israeli market and its high-tech community.”

Victor Orland, ITH founder and CEO commented: “ITH has been successfully serving the Israeli market for the past sixteen years in the fields of testing reliability and failure analysis, partnering with Presto Engineering over the last four years. I’m glad to see that our partnership has evolved into this new Presto Engineering Hub in Israel, offering an even more comprehensive offering to Israeli customers.”

“Our goal is to offer full continuity of the existing services, by maintaining the current staff and capabilities, while updating and expanding the breadth and depth of services even further, to a new level not previously available to the Israeli customer,” said Moshe Zalcberg, VP and General Manager of Presto Engineering Israel.

About Presto Engineering

Presto Engineering, an ISO 9001 company, delivers comprehensive test and product engineering solutions to IDM and fabless companies. Operating from hubs in Silicon Valley, Europe and Israel, our business is focused on helping to improve the speed and predictability of new product releases. Presto combines unique technical expertise, extensive industry experience and supply chain management, with leading edge test solutions for SoC and RF, reliability, FIB, and FA/FI services to offer a complete product engineering solution designed to complement our customer’s internal resources. More information can be found at www.presto-eng.com.