HPL Reports Revenues of $1.8 million for Most Recent Quarter

11/16/2004 - HPL Technologies, Inc. (OTC:HPLA.PK), a provider of yield-optimization software solutions for the semiconductor and flat-panel display industries, announced financial results for the second quarter ended September 30, 2004.

Summary of Financial Results for the Second Fiscal Quarter
HPL reported revenues of $1.8 million and a net loss of $3.3 million, or $0.10 per share basic and diluted for the three months ended September 30, 2004, compared with revenues of $3.3 million and a net loss of $3.4 million, or $0.11 per share basic and diluted for the same quarter a year ago.

At September 30, 2004, the Company had approximately $7.0 million in cash, cash equivalents, and short-term investments.

About HPL Technologies
HPL Technologies, Inc. is a provider of yield optimization solutions for the semiconductor and flat panel display industries. HPL offers a comprehensive portfolio of products and services including: silicon-proven intellectual property (IP), highly flexible data analysis platforms, factory floor systems and professional services.

HPL solutions have enabled companies to significantly improve yield by accelerating the process by which they identify, characterize and eliminate sources of failure throughout the entire product lifecycle. This is why a majority of the world's top twenty-five semiconductor and flat-panel manufacturers use HPL yield optimization solutions.

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