Aehr Test Systems Sells Its Ownership in Singapore's ESA Electronics

Aehr Test Systems AEHR, a worldwide provider of semiconductor test and burn-in equipment, today announced that it has divested its shareholdings in ESA Electronics Pte Ltd, a Singapore private limited company, to IPCO International Limited, a Singapore company, representing 12.5% of the outstanding shares of ESA Electronics. As a result, Aehr Test has no remaining ownership in ESA Electronics. Effective on June 2, 2011, Aehr Test sold 150,000 ordinary shares of ESA Electronics to IPCO International for 1,700,000 Singapore Dollars, or approximately 1,375,000 U.S. Dollars, pursuant to the Sale and Purchase Agreement between Aehr Test and IPCO International dated April 13, 2011. Aehr Test will report a gain from the sale of the ESA shares of nearly one million U.S. Dollars in the first quarter of fiscal 2012. ESA Electronics is in the business of distributing and servicing semiconductor back-end equipment, designing and manufacturing burn-in boards for semiconductor back-end stress test and managing electronics turnkey projects. ESA Electronics has been a sales representative of Aehr Test in Southeast Asia since 1992. ESA Electronics will continue as a sales representative of Aehr Test after the sale of Aehr Test's ESA Electronics shares to IPCO International.