Helping to Wind Down ST-Ericsson after STMicroelectronics and Ericsson Split the Joint Venture: Industrial Auctioneers Join

  Helping to Wind Down ST-Ericsson after STMicroelectronics and Ericsson Split
  the Joint Venture: Industrial Auctioneers Join Forces with Semiconductor
  Equipment Reseller to Liquidate Surplus Assets

Sale features Wafer Test, Chip Assembly & R&D Assets Including Wafer Testers,
 Handlers and Probers, Dicing Saws, Singulators, Analyzers and Oscilloscopes

Business Wire

STARNBERG, Germany & PHOENIX & WASHINGTON -- November 12, 2013

Maynards, Liquidity Services, Inc. and GES Associates today jointly announced
the appointment by ST-Ericsson to manage a bulk and piecemeal sale of surplus
Production and R&D Assets of the ST-Ericsson joint venture, a former global
manufacturer of wireless products and semiconductors. The sale features
backend test, assembly, measurement and lab equipment in sites throughout Asia
and France, and labs around the world.

Daniel Kröger, Director at Maynards stated: “We are pleased that ST-Ericsson
has appointed our Strategic Partnership as exclusive sale agents for these
High Tech assets. Our combined world-class auctioneering services, large
international customer networks, and extensive industry knowledge will help us
deliver these exceptional assets to end-users and contract manufacturers,
ultimately generating superior results for ST-Ericsson.”

Nick Taylor, Managing Director, EMEA, for Liquidity Services’ GoIndustry
DoveBid marketplace added: “This sale presents an excellent opportunity for
worldwide buyers to leverage the secondary market to acquire an assortment of
semiconductor assets via a trusted global platform and convenient auction
process. The combined marketing and sales expertise of our Strategic
Partnership will no doubt help ST-Ericsson maximize its investment recovery
goals.”

The series of sales will start immediately with a Negotiated Sale phase
followed by a series of Online Auction events scheduled for December until
March. A summary of assets for sale, photos and relevant information is
available at www.GESemi.com.

“The liquidation of the remaining assets of ST-Ericsson is a unique
opportunity for the worldwide semiconductor industry to purchase high-quality
used test and assembly equipment directly from the source at an attractive
value,” stated Kevin Shows, COO of GES.

The special nature of the Strategic Partnership creates a significant
alliance, combining decades of experience in semiconductor and backend
equipment sales of two established auctioneers and a premier semiconductor,
test and assembly equipment reseller.

For further information about the Strategic Partners, please visit their
respective websites at www.maynards.com, www.liquidityservicesinc.com, and
www.GESemi.com.

Contact:

Liquidity Services
Melissa Gieringer, +1-480-596-4496
melissa.gieringer@liquidityservices.com
or
Maynards
Karolin Vielhaber, +49 (0) 8151 973420
karolinv@maynards.com
or
GES
Kevin Shows, +1-480-610-1604
kshows@gesemi.com
 
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