Ultra Clean Technology Acquires Facility in Singapore
HAYWARD, Calif., Nov. 24 /PRNewswire-FirstCall/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), a leading developer and supplier of critical subsystems for the semiconductor capital equipment, medical device, research, flat panel and solar industries, is pleased to announce the launch of its new manufacturing operation in Singapore at the Spectrum 1 complex in the Woodlands Industrial Estate. Ultra Clean took over the 35,000 sq. ft. facility from Allegro Manufacturing Pte. Ltd in early November 2009. In addition to acquiring the facility and installed equipment, Ultra Clean has taken over ongoing systems integration business in the facility.
Commenting on the news, Clarence Granger, Chairman and Chief Executive Officer of Ultra Clean remarked "expansion in Asia and alignment of our operational footprint to the needs of our customers are both core elements of our growth strategy. As mentioned in our recent earnings call, the new Singapore facility will enable us to provide our customers with manufacturing services in market segments where speed, intellectual property protection, and export compliance are key concerns."
"The new Singapore facility will be Ultra Clean's Asia Pacific regional headquarters and will also host engineering and supply chain management activities for Ultra Clean," said David Savage, Ultra Clean's President and Chief Operating Officer. "In addition to meeting our customers' expectations for local systems integration capability, we consider Singapore the ideal base for key support functions. The availability of skilled engineers and experienced suppliers in the precision engineering sector will allow us to develop Singapore as our regional engineering center and procurement hub."
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems for the semiconductor capital equipment, medical device, research, flat panel and solar industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.
Safe Harbor Statement
The foregoing information contains, or may be deemed to contain, "forward- looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "believes," "plan," "expect," "future,"' "intends," "may," "will," "should," "estimates," "predicts," "potential," "continue" and similar expressions to identify these forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, actual results may differ materially from the results predicted or implied by these forward- looking statements. These risks, uncertainties and other factors include, among others, those identified in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations'' and elsewhere in our annual report on Form 10-K for the year ended January 2, 2009 and quarterly report on Form 10-Q for the quarter ended October 2, 2009, filed with the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information future developments or otherwise.
SOURCE Ultra Clean Holdings, Inc.
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