Rubicon Technology Urges Its Stockholders To Support Its Board Nominees

(RTTNews) - Rubicon Technology, Inc. (RBCN), a provider of sapphire substrates and products to the LED, optical and semiconductor industries, announced that it filed definitive proxy materials with the Securities and Exchange Commission in connection with its 2016 Annual Meeting of Stockholders to be held on June 24, 2016. The Board also sent a letter to stockholders recommending that stockholders vote FOR the election of Rubicon's nominees on the WHITEproxy card. Rubicon noted that Paragon Technologies, Inc., a stockholder owning only approximately 0.1% of outstanding shares, has launched a proxy contest to replace two members of Board with Paragon's own nominees. Paragon's actions follow their refusal to compromise in order to avoid a disruptive and costly proxy contest.

Rubicon strongly urged Stockholders to reject Paragon's nominees and vote "FOR" Rubicon's incumbent director nominees, Don Aquilano and Donald Caldwell, on the WHITE proxy card.