SAN JOSE, Calif., April 27, 2016 /PRNewswire/ -- Ultratech, Inc. (Nasdaq: UTEK), a leading supplier of lithography, laser processing and inspection systems used to manufacture semiconductor devices and high-brightness LEDs (HB LEDs), as well as atomic layer deposition (ALD) systems, recently received its 15th safety recognition award from its workers' compensation carrier for its exemplary health and safety record. The award, presented by Ultratech's Insurance carrier Berkley Technology Underwriters, a Berkley Company, acknowledges Ultratech's successful efforts to incorporate safety as part of the company's corporate culture. This recognition includes its facilities in San Jose, Calif., Waltham, Mass. and Singapore.
Matthew Mueller, President, Berkley Technology Underwriters, a Berkley Company, stated, "As a property-casualty insurance provider specializing in the tech industry, we are well aware of what extremes a company might take to protect its most valuable assets, its people. Without question, Ultratech has gone to the utmost to do so. Safety is truly embedded in the culture at Ultratech. We are very proud to work so closely with them."
"The safety of our employees is built into everything that we do," noted Arthur W. Zafiropoulo, Ultratech's Chairman and CEO. "Building on our 15th safety award, Ultratech will continue to find ways to make further improvements. The accolades surrounding this award go to our employees who work to make safety and quality a priority in Ultratech's corporate culture. In receiving this award, I challenge other companies around the world to make a commitment to improving workplace and employee safety."
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as "anticipates," "expects," "remains," "thinks," "intends," "believes," "estimates," and similar expressions and include management's current expectation of its longer term prospects for success. These forward-looking statements are based on our current expectations, estimates, assumptions and projections about our business and industry, and the markets and customers we serve, and they are subject to numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Such risks and uncertainties include the timing and possible delays, deferrals and cancellations of orders by customers; quarterly revenue fluctuations; industry and sector cyclicality, instability and unpredictability; market demand for consumer devices utilizing semiconductors produced by our clients; our ability to manage costs; new product introductions, market acceptance of new products and enhanced versions of our existing products; reliability and technical acceptance of our products; our lengthy sales cycles, and the timing of system installations and acceptances; lengthy and costly development cycles for laser-processing and lithography technologies and applications; competition and consolidation in the markets we serve; improvements, including in cost and technical features, of competitors' products; rapid technological change; pricing pressures and product discounts; our ability to collect receivables; customer and product concentration and lack of product revenue diversification; inventory obsolescence; general economic, financial market and political conditions and other factors outside of our control; domestic and international tax policies; cybersecurity threats in the United States and globally that could impact our industry, customers, and technologies; and other factors described in our SEC reports including our Annual Report on Form 10-K filed for the year ended December 31, 2015 and our Quarterly Report on Form 10-Q filed for the quarterly period ended October 3, 2015. Due to these and other factors, the statements, historical results and percentage relationships set forth herein are not necessarily indicative of the results of operations for any future period. We undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
About Ultratech: Ultratech, Inc. (Nasdaq: UTEK) designs, builds and markets manufacturing systems for the global technology industry. Founded in 1979, Ultratech serves three core markets: front-end semiconductor, back-end semiconductor, and nanotechnology. The company is the leading supplier of lithography products for bump packaging of integrated circuits and high-brightness LEDs. Ultratech is also the market leader and pioneer of laser spike anneal technology for the production of advanced semiconductor devices. In addition, the company offers solutions leveraging its proprietary coherent gradient sensing (CGS) technology to the semiconductor wafer inspection market and provides atomic layer deposition (ALD) tools to leading research organizations, including academic and industrial institutions. Visit Ultratech online at: www.ultratech.com.
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SOURCE Ultratech, Inc.