EXHIBIT 99.1
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Press Release
CIMETRIX NAMES DENNIS P. GAUGER CHIEF FINANCIAL OFFICER
SALT LAKE CITY, Utah - May 4, 2004 - Cimetrix, Inc. (OTCBB: CMXX), a leading
provider of factory automation software for the global semiconductor and
electronics industries, today announced the appointment of Dennis P. Gauger as
chief financial officer. As CFO, Gauger will assume responsibility for overall
financial management of Cimetrix and will be a valuable contributor in executing
the company's growth strategy and building shareholder value.
Gauger, age 52, is a veteran financial executive with more than 27 years of
leadership experience with both public and private companies. A licensed CPA in
both Utah and Nevada, Gauger brings a strong background in SEC accounting and
reporting, Sarbanes-Oxley compliance, mergers and acquisitions, corporate
governance, and financial forecasting, modeling and analysis. His previous
experience includes nine years as an accounting and auditing partner with
Deloitte & Touche as well as a number of successful senior executive assignments
with companies in the fields of software, Internet, high technology,
manufacturing and aviation.
"Dennis is a seasoned financial executive who brings to Cimetrix a valuable mix
of talent and experience that will serve us well as we move into our next phase
of growth," said Bob Reback, president and CEO of Cimetrix. "Throughout his
career, Dennis has demonstrated strong financial and leadership skills. His
hiring adds important experience and depth to our management team and better
positions us to deliver long-term growth in value for our shareholders."
"It is our intention to focus on building shareholder confidence and value
through long-term growth, honest and regular communications with the investment
community, and strict adherence to the highest standards of financial reporting
and corporate governance," Gauger added.
Gauger holds a B.S. degree with honors in accounting from Brigham Young
University and has completed executive management courses at Columbia Business
School. He is a member of the American Institute of Certified Public Accountants
and the Utah Association of Certified Public Accountants.
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About Cimetrix Incorporated
Cimetrix (OTCBB: CMXX) designs, develops, markets and supports factory
automation software for the global semiconductor and electronics industries.
Cimetrix's connectivity software allows equipment manufacturers to quickly
implement the SECS/GEM standards, with over 10,000 connections shipped
worldwide, and provides best in class solutions to meet the 300mm SEMI
communications standards, with OEM customer installs in all major 300mm fabs.
Cimetrix's PC-based motion control software is used by leading equipment
manufacturers for demanding robotic applications. Cimetrix provides total
solutions for its customers with engineering services and passionate technical
support. Major products include CIMConnect, CIM300 and CODE (Cimetrix Open
Development Environment). 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 extending the Company's reputation as an industry leader
are forward-looking statements. Actual results might differ materially from
those projected in the forward-looking statements. The comments made by the
company's senior management in regards to future earnings involve risks and
uncertainties including but not limited to future sales of Cimetrix software,
which include CODE, CIM300 and CIMConnect product families, that could be
affected 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.
Company Contact Editorial Contact
David Faulkner Trine Pierik
Cimetrix, Incorporated Positio PR
Phone: (801) 256-6500 Phone: (408) 453-2400
Fax: (801) 256-6510 Fax: (408) 453-2404
faulkner@cimetrix.com trine@positiopr.com
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