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QED Technologies Announces the Release of its Next MRF(r) Polishing System, the Q-flex 300, and Initial Sale to Instrument



QED Technologies Announces the Release of its Next MRF(r) Polishing System,
the Q-flex 300, and Initial Sale to Instrument Technology Research Center,
National Applied Research Laboratories

Rochester, NY, Feb. 4, 2014 (GLOBE NEWSWIRE) -- QED Technologies (QED),
pioneer and provider of Magnetorheological Finishing (MRF®) polishing and
Subaperture Stitching Interferometry (SSI®) metrology platforms for the
precision optics industry, announces the release of the Q-flex 300, the next
MRF polishing system in the Q-flex® product line.  Q-flex systems offer MRF's
longstanding benefits of determinism in a modular, production-ready platform
that allows quick configuration changes and provides unprecedented
manufacturing capabilities, especially for difficult spheres, aspheres and
freeform optics.

The Q-flex 300 can polish a range of precision optics up to 300 millimeters in
diameter.  Similar to the Q-flex 100, the Q-flex 300 utilizes QED.NET software
and includes modular, user-friendly features, which are common across Q-flex
platforms.  The polishing heads and fluid control modules are easy to handle
and are interchangeable between Q-flex systems.  This flexibility enables the
operator to efficiently match the system to the workload in the precision
optics shop.  In addition, the Q-flex 300 includes an ergonomic part loading
feature allowing for safe and efficient user operability.  The Q-flex 300
operates in rotational, raster or freeform modes and its software is
configurable for production or prototype manufacturing.

"We are delighted to expand the Q-flex line of MRF polishing systems to
include the Q-flex 300," said Andrew Kulawiec, President of QED Technologies. 
"Precision optics manufacturers will benefit from the determinism, versatility
and precision of MRF, in a flexible platform designed to accommodate 300mm
optics such as spheres, aspheres and freeform optics.  We believe these
capabilities represent a competitive advantage for our customers around the
world."

The Q-Flex 300 model is already gaining customer acceptance with QED's first
sale.  "Precision optical fabrication and testing is one of the core
technologies of the Instrument Technology Research Center (ITRC), National
Applied Research Laboratories (NARLabs)," said Dr. Aaron Wei-Yao Hsu, Research
Fellow & Division Director at ITRC, NARLabs.  "Our current focus is asphere
and freeform optics with diameters ranging from several tens to several
hundreds of millimeters.  The new MRF model, Q-flex 300, which ITRC, NARLabs
recently purchased has both asphere and freeform polishing capabilities and is
especially suitable for our large variety demand."

ABOUT QED TECHNOLOGIES

Since it was founded in 1996, QED Technologies, based in Rochester, NY, has
built a reputation for producing high quality products based on revolutionary,
patented technology, advanced computer numerical control machines and
world-class software to provide shop-ready solutions for nearly any precision
optics manufacturing need. QED offers state-of-the-art finishing and metrology
solutions that are designed to meet the needs of advanced optics manufacturers
by increasing production speed and yield while decreasing costs. QED is
dedicated to providing revolutionary technical solutions that enable or
significantly enhance its customers' capabilities and positively impact their
bottom line.  In 2011, QED Technologies established QED Optics.  QED Optics
offers precision optics polishing and metrology services on a contract basis. 
QED Technologies is a wholly-owned subsidiary of Cabot Microelectronics
Corporation (NASDAQ:CCMP).  For more information about QED Technologies, visit
www.qedmrf.com or contact Robin Townell, Marketing Manager, at (585) 256-6540
ext. 241.

ABOUT CABOT MICROELECTRONICS CORPORATION

Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the
world's leading supplier of CMP polishing slurries and a growing CMP pad
supplier to the semiconductor industry.  The company's products play a
critical role in the production of advanced semiconductor devices, enabling
the manufacture of smaller, faster and more complex devices by its customers. 
The company's mission is to create value by developing reliable and innovative
solutions, through close customer collaboration, that solve today's challenges
and help enable tomorrow's technology.  Since becoming an independent public
company in 2000, the company has grown to approximately 1,050 employees on a
global basis.  For more information about Cabot Microelectronics Corporation,
visit www.cabotcmp.com or contact Trisha Tuntland, Manager of Investor
Relations at 630-499-2600.

SAFE HARBOR STATEMENT

This news release may include statements that constitute "forward looking
statements" within the meaning of federal securities regulations.  These
forward-looking statements include statements related to:  future sales and
operating results; company and industry growth, contraction or trends; growth
or contraction of the markets in which the company participates; international
events, regulatory or legislative activity, or various economic factors;
product performance; the generation, protection and acquisition of
intellectual property, and litigation related to such intellectual property;
new product introductions; development of new products, technologies and
markets; natural disasters; the acquisition of or investment in other
entities; uses and investment of the company's cash balance; financing
facilities and related debt, payment of principal and interest, and compliance
with covenants and other terms; the company's capital structure; and the
construction and operation of facilities by Cabot Microelectronics
Corporation.  These forward-looking statements involve a number of risks,
uncertainties, and other factors, including those described from time to time
in Cabot Microelectronics' filings with the Securities and Exchange Commission
(SEC), that could cause actual results to differ materially from those
described by these forward-looking statements.  In particular, see "Risk
Factors" in the company's annual report on Form 10-K for the fiscal year ended
September 30, 2013, filed with the SEC.  Cabot Microelectronics assumes no
obligation to update this forward-looking information.

CONTACT: Trisha Tuntland
         Manager, Investor Relations
         (630) 499-2600

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