LTXX Ltx (MM)

LTX Corporation (Nasdaq: LTXX), a leading provider of semiconductor test solutions, today announced plans to transition manufacturing of its X-Series test systems to Jabil�s Penang, Malaysia facility from its current location in Billerica, Massachusetts. This transition represents the next significant phase of LTX�s outsource manufacturing strategy, initiated with Jabil in 2001. The move is designed to further reduce LTX�s industry-leading cycle times, and to augment its competitiveness in the global marketplace. The initiative, already underway, is targeted for completion by August 2008. �LTX initially selected Jabil in 2001 as its outsource partner because of their industry-leading manufacturing systems and broad, global footprint,� noted Dave Tacelli, chief executive officer and president of LTX. �Since then, LTX and our customers have seen the advantages of Jabil�s world-class manufacturing capabilities on cycle times, flexibility, product quality and efficiency. Now, LTX is taking the next step by leveraging Jabil�s global presence to bring the supply chain and manufacturing operations closer to many of our customers� facilities. We are excited about the transition to Jabil Penang, and are confident that it will provide significant advantages to our customers.� �Across the board, the strong relationship between LTX and Jabil has been critical to the success of LTX�s industry-leading outsource manufacturing initiatives,� said Steve Borges, vice president of business development for Jabil. �The close operating relationship between LTX and our Billerica and Penang facilities, coupled with Jabil�s proven success in the efficient transfer of knowledge, equipment and materials between facilities, will ensure a seamless transition for LTX and its customers.� ABOUT JABIL Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and cost effectively by providing complete product supply chain management around the world. With more than 75,000 employees and facilities in 20 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, �JBL�. Further information is available on the company�s website: jabil.com. ABOUT LTX LTX Corporation (Nasdaq: LTXX) is a leading supplier of test solutions for the global semiconductor industry. LTX�s X-Series, the industry�s most comprehensive family of production-proven, compatible test systems, delivers a scalable solution that provides the right test performance and the right cost of test. Combined with LTX�s industry-leading applications engineering and customer service teams, the X-Series enables companies to accelerate their time to market, optimize test economics and stay ahead of the technology curve. Additional information can be found at www.ltx.com. LTX is a registered trademark and enVision is a trademark of LTX Corporation. All other trademarks are the property of their respective owners. www.ltx.com