Ultratech, Inc. Receives Commendation From San Jose Mayor Ron Gonzales

Mayor Recognizes Ultratech's 25th Anniversary, Commitment to High Technology

Innovation, and Contributions to San Jose's Quality of Life

Nov 03, 2004, 00:00 ET from Ultratech, Inc.

    SAN JOSE, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Ultratech, Inc.
 (Nasdaq:   UTEK), a leading supplier of lithography and laser-processing systems
 used to manufacture semiconductors and nanotechnology devices, today announced
 that it has received a commendation from San Jose Mayor Ron Gonzales and the
 San Jose City Council.  Awarded during yesterday's San Jose City Council
 meeting, the commendation recognizes Ultratech for its 25th anniversary, its
 ongoing role as a leader in existing and growing technology markets, and its
 pioneering efforts in new and emerging technologies for semiconductors,
 nanotechnology and laser processing.
     "Ultratech's commitment to ongoing innovation and to investing in its
 creative employees is a model of what has made San Jose and Silicon Valley a
 global center for technology," said San Jose Mayor Ron Gonzales.  "We
 congratulate them for all their achievements in their first quarter-century
 and look forward to their long-term success creating more opportunities for
 our residents and the Silicon Valley economy."
     Ultratech Chairman and CEO Arthur W. Zafiropoulo noted, "We are deeply
 honored to receive this recognition and commendation from Mayor Gonzales and
 the San Jose City Council in conjunction with our 25th anniversary in
 business-specifically, as a San Jose-based company.  Ultratech is continuing
 its commitment to the local economy by expanding our manufacturing facilities
 in San Jose, and providing R&D, office and manufacturing jobs for Silicon
 Valley residents.  We take great pride in receiving the Mayor's commendation
 and look forward to furthering our legacy as a company thoroughly committed to
 our employees, our community and our high-tech industry."
     Ultratech achievements cited in the mayoral commendation include:
     * The company is celebrating its 25th anniversary as a San Jose-based
     * Ultratech's business model is expanding from semiconductors to
 nanotechnology and emerging technologies;
     * The company has recently been honored with its 9th Safety Award from its
 Worker's Compensation carriers, upholding Ultratech's reputation as one of the
 safest companies to work for in Silicon Valley and throughout the United
     * For two consecutive years, Ultratech has been honored by the AARP with
 its "Best Employers for Workers Over 50" award, which recognizes companies
 that demonstrate dedication to their employees over the age of 50 in the areas
 of recruiting, workplace culture and continuing opportunities;
     * Ultratech has co-hosted Semiconductor Equipment and Materials
 International (SEMI) Workforce Development Institute's "Chip Camp."  The
 industry-sponsored interactive and educational program designed to excite high
 school students about science and math and expose students to potential career
 opportunities in the high-tech industry.
     Certain of the statements contained herein may be considered forward-
 looking statements under Section 27A of the Securities Act of 1933, as
 amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
 that involve risks and uncertainties, such as lengthy and costly development
 cycles for advanced lithography and laser-processing technologies and
 applications; integration, development and associated expenses of the laser
 processing operation; delays, deferrals and cancellations of orders by
 customers; expiration of licensing arrangements, and the resulting adverse
 impact on Ultratech's licensing revenues; high degree of industry competition;
 pricing pressures and product discounts; changes in pricing by Ultratech, its
 competitors or suppliers; intellectual property matters; cyclicality in the
 semiconductor and nanotechnology industries; customer concentration; market
 acceptance of new products and enhanced versions of Ultratech's existing
 products; international sales; lengthy sales cycles, including the timing of
 system installations and acceptances; changes to financial accounting
 standards; timing of new product announcements and releases by Ultratech or
 its competitors; ability to volume produce systems and meet customer
 requirements; mix of products sold; rapid technological change and the
 importance of timely product introductions; dependence on new product
 introductions and commercial success of any new products; outcome of
 litigation; sole or limited sources of supply; manufacturing variances and
 production levels; timing and degree of success of technologies licensed to
 outside parties; product concentration and lack of product revenue
 diversification; inventory obsolescence; asset impairment; ability and
 resulting costs to attract or retain sufficient personnel to achieve
 Ultratech's targets for a particular period; dilutive effect of employee stock
 option grants on net income per share, which is largely dependent upon
 Ultratech achieving and maintaining profitability and the market price of
 Ultratech's stock; effects of certain anti-takeover provisions; future
 acquisitions; volatility of stock price; business interruptions due to natural
 disasters or utility failures; environmental regulations; and any adverse
 effects of terrorist attacks in the United States or elsewhere, or government
 responses thereto, or military actions in Iraq, Afghanistan and elsewhere, on
 the economy, in general, or on Ultratech's business in particular.  Such risks
 and uncertainties are described in Ultratech's SEC reports including its
 Annual Report on Form 10-K filed for the year ended December 31, 2003 and its
 Quarterly Report on Form 10-Q filed for the quarter ended July 3, 2004.
     About Ultratech:  Ultratech, Inc. designs, manufactures and markets
 photolithography equipment used worldwide in the fabrication of semiconductor
 and nanotechnology devices, and has expanded its technology scope in
 pioneering laser processing technology for IC manufacturing.  Founded in 1979,
 Ultratech is a market leader in gold and solder bump lithography.  Its
 products are designed to substantially reduce the cost of ownership for
 manufacturers in the electronics industry.  The company's home page on the
 World Wide Web is located at www.ultratech.com.

SOURCE Ultratech, Inc.