MILPITAS, Calif., Jan. 10, 2019 /PRNewswire/ -- KLA-Tencor Corporation (NASDAQ: KLAC), the leading provider of advanced process control solutions, today announced that it will be changing its name to KLA Corporation. At the same time, the company is rebranding and adopting the tagline Keep Looking Ahead™, to indicate KLA's optimistic view of technology's impact on the world. 

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"Our old name and identity have served us well since KLA and Tencor merged in 1997," said Rick Wallace, president and CEO of KLA. "Our new, simplified name and more contemporary identity will better reflect and more effectively communicate our vision of the future to new employees and new customers—while retaining the strength of our industry-leading brand. Our new brand is designed to signify our confidence in technology's ability to drive positive change in the world, lifting global society through many avenues including IoT, AI, and other technologies that connect us. KLA's products and solutions play a key role in enabling these devices and experiences." 

About KLA:
KLA Corporation develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control solutions for manufacturing wafers and reticles, integrated circuits and packaging. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Additional information may be found at www.kla.com (KLAC-F).

Forward Looking Statements:
Statements in this press release other than historical facts, such as statements regarding the change in KLA's name, are forward-looking statements, and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. The actual timing of the name change is not expected to be immediate and may not occur prior to the start of the company's new fiscal year in July 2019, as KLA updates its systems and processes to reflect the new name. These forward-looking statements are based on current information and expectations, and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements.

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SOURCE KLA Corporation