Cimetrix Announces Trading of its Shares on the OTCQB Marketplace
Stock Price Quotes Now at OTCQB: CMXX
SALT LAKE CITY, UT – March 3, 2011 – Cimetrix, Incorporated (OTCQB: CMXX) (www.cimetrix.com), a leading provider of factory automation and equipment control software solutions for the global semiconductor, photovoltaic, and electronics industries, today announced that its shares are trading on the OTCQB marketplace through OTC Markets Group’s OTC Link™ quotation platform. The Company’s shares no longer trade on the OTCBB quotation system.
"Many market makers and broker-dealers prefer an online, electronic trading system such as the OTC Markets Group quote platform. Because of that preference, broker-dealers have moved away from the telephone-based OTCBB trading system, and trading in Cimetrix stock moved to the OTC Markets Group," said Bob Reback, president and chief executive officer of Cimetrix. He continued, "We believe this is a positive step that will make trading our stock more transparent and efficient."
According to otcmarkets.com, over 600 publicly traded companies have recently moved from being quoted dually (OTCBB and OTC Link) to being quoted exclusively on the OTC Link platform. As of February 18, 2011, priced quotes published on OTC Link made up 95% of priced quotes in the OTC marketplace. The quoted company movement and the level of quoting activity indicate the support that market makers and broker-dealers have provided for the electronic OTC Link system, with an increasing trend of quoting exclusively on this platform.
Potential investors can now obtain current Cimetrix Inc. stock price quotes from the OTC Markets Group at http://www.otcmarkets.com/stock/CMXX/quote
For more information about OTC Markets, visit their web site at www.otcmarkets.com.
About Cimetrix Incorporated:
Cimetrix designs, develops, markets, and supports factory automation and equipment control software for the global semiconductor, photovoltaic and electronics industries. A leading participant in SEMI standards development, Cimetrix’s connectivity software allows for quick implementation of the SECS/GEM,PV2, GEM300, and Interface A standards.
The Company’s products can be found on virtually every tool type in nearly every semiconductor 300mm factory worldwide. The added-value of Cimetrix’s passionate support and professional services creates the industry’s only complete software solution. Key products include:
Cimetrix is an active member of Semiconductor Equipment and Materials International (SEMI), the International SEMATECH Manufacturing Initiative (ISMI) as well as the PV Group. 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. Statements about the Company’s prospects for future growth and results of operations are forward-looking statements. The comments made by the Company's senior management in regards to future revenue and results are based on current expectations and involve risks and uncertainties that may adversely affect expected results including but not limited to recover of the economic markets into which the Company sells products, increased capital expenditures by semiconductor chip manufacturers, market acceptance of the Company’s products, the timing and degree of adoption of Interface A by the semiconductor industry, the ability of the Company to control its costs associated with providing products and services, the mix between products and services (which generally have higher associated costs of revenue) provided by the Company, the competitive position of the Company and its products, which include CODE, CIMConnect, CIM300 and CIMPortal product families, the economic climate in the markets in which the Company’s products are sold, technological improvements, and other risks discussed more fully in filings by the Company with the Securities and Exchange Commission. Many of these factors are beyond the control of the Company. Reference is made to the Company's most recent filing on Form 10-K, which further details such risk factors.
Download the complete press release here.
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