Aetrium Announces Value-Enhancing Transaction for Its Test Handler Business

April 22, 2014 - Aetrium Incorporated (ATRM) ("Aetrium" or the "Company") announced today that it had entered into an agreement with Boston Semi Automation LLC ("BSA"), a wholly owned subsidiary of Boston Semi Equipment LLC ("BSE"), whereby Aetrium will transfer its Test Handler business to BSE in exchange for a future revenue royalty stream.

"BSE has a track record of maximizing the value of technology products and it also has a strong presence in Asia. For these reasons, BSE is well-positioned to generate more revenue and cash flow from the Test Handler business than Aetrium could on its own, which is why we believe this transaction will generate value for our shareholders," stated Jeffrey E. Eberwein, Chairman of the Board of Directors of the Company. "Going forward, our Company's cash flow will come from the royalty and earn-out payments from our two legacy technology divisions and our modular housing business, the acquisition of which was announced earlier this month."

Aetrium Acquires KBS Building Systems

Aetrium Incorporated (ATRM) ("Aetrium" or the "Company") announced today that it has acquired substantially all of the assets of KBS Building Systems, Inc. and certain of its affiliated entities. KBS, which is based in South Paris, Maine, manufactures, sells, and distributes modular housing units for both residential and commercial use. KBS's website is http://www.kbs-homes.com.

"Aetrium is excited to expand its operations through the acquisition of KBS, which we believe will generate long-term value for our shareholders," stated Jeffrey E. Eberwein, Chairman of the Board of Directors of the Company.

Skyworth Selects Pixelworks’ PA168 MotionEngine Video Display Processors to Power Ultra HD 4K TVs

Established Video Innovator Targets High End Panels for the Chinese Market

Pixelworks, Inc. (PXLW), an innovative provider of video display processing technology, today announced that its PA168 MotionEngine™ video display processor has been selected to power Skyworth’s Ultra HD 4Kx2K Dual Core Android 3D Smart TVs. These new high-end flat panels will deliver the very highest picture quality and an immersive TV viewing experience for the Chinese market.

“Pixelworks is very pleased to work with Skyworth to lead the way in delivering Ultra HD 4Kx2K TVs to the China market,” said Graham Loveridge, SVP Strategic Marketing and Business Development of Pixelworks. “The combination of unprecedentedly high resolution, price point, and superior video display processing will quickly affirm Skyworth’s leadership position in this all-important market.”

TowerJazz Signs Definitive Agreement Creating Joint Venture with Panasonic Corporation to Acquire its 3 Semiconductor Factories in Japan and to Manufacture Panasonic and Additional Products

TowerJazz revenue to increase by approximately $400 million a year, enabling a $900 million annual run rate opportunity starting Q2 2014 and improving profitability following the closing of this transaction

Highlights of the Deal

    TowerJazz to hold 51% of the joint venture (JV)
    Provides TowerJazz with incremental annual revenues of approximately $400 million and above that substantial capacity for additional foundry business growth
    Added available capacity of approximately 800,000 wafers per year (8 inch equivalent) in three manufacturing facilities in Japan