SAN JOSE, Calif., Oct. 4 /PRNewswire-FirstCall/ -- Ultratech, Inc. (Nasdaq: UTEK), a leading supplier of lithography and laser-processing systems used to manufacture semiconductors and nanotechnology devices, today announced it has named Motohiko (Mike) Tahara to the position of president and general manager of its Japan subsidiary, Ultratech KK. Tahara has over two decades of experience in the semiconductor industry, including high-level positions at KLA-Tencor Corp. and Applied Materials, Inc. In his new role, Tahara will lead and oversee operations in Japan, reporting directly to Ultratech President of Asia Operations Y. Joe Iwasaki. (Photo: http://www.newscom.com/cgi-bin/prnh/20051004/SFTU008 ) Prior to joining Ultratech, Tahara spent more than three years with KLA- Tencor Japan-initially, as president and, for the latter portion of 2005, served as chairman. In 2000, Tahara served as president, CEO and corporate vice president of Cymer Japan. Before that, he was vice president of AKT Inc., a wholly owned subsidiary of Applied Materials and the successor company to Applied Komatsu Technology, Inc., a joint venture between Applied Materials and Komatsu for which Tahara previously served two years as vice president. From 1991 to 1997, he held a succession of increasingly responsible posts with Applied Materials Japan, Inc., where he ultimately became vice president. During the first 19 years of his career, Tahara held a variety of positions with Sumitomo Corp., including one year as a director of sales and marketing in a joint venture with GCA Corp., and five years as a director in the semiconductor manufacturing equipment division of Sumisho Electronics Systems. "We are pleased to welcome an executive of Tahara-san's caliber as he joins Ultratech to oversee our operations in Japan," Iwasaki noted. "Throughout his lengthy career in the semiconductor industry, Tahara-san has proven his ability to understand and meet customers' needs and to grow relationships and businesses by recognizing and creating opportunities. His leadership skills will enhance our presence in this key region, augmenting the already strong team we've built at Ultratech KK. We look forward to Tahara- san's contributions as he positions the company to take advantage of future growth in Japan and works to continue Ultratech's legacy of providing innovative, leading-technology solutions for our global customers." Certain of the statements contained herein, which are not a historical fact and which can generally be identified by words such as "anticipates," "expects," "intends," "will," "could," "believes," "estimates," "continue," and similar expressions, are 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 risks related to our dependence on new product introductions and market acceptance of new products and enhanced versions of our existing products; lengthy sales cycles, including the timing of system installations and acceptances; lengthy and costly development cycles for laser-processing and lithography technologies and applications; integration, development and associated expenses of the laser processing operation; delays, deferrals and cancellations of orders by customers; cyclicality in the semiconductor and nanotechnology industries; pricing pressures and product discounts; high degree of industry competition; intellectual property matters; expiration of licensing arrangements, and the resulting adverse impact on our licensing revenues; changes to financial accounting standards; changes in prices by us, our competitors or suppliers; customer concentration; international sales; timing of new product announcements and releases by us or our competitors; ability to volume produce systems and meet customer requirements; sole or limited source of supply; ability and resulting costs to attract or retain sufficient personnel to achieve our targets for a particular period; dilutive effect of employee stock option grants on net income per share, which is largely dependent upon us achieving and maintaining profitability and the market price of our stock; mix of products sold; rapid technological change and the importance of timely product introductions; outcome of litigation; 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; 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 our 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, 2004 and on Form 10Q for the quarter ended July 2, 2005. Due to these and additional factors, the statements, historical results and percentage relationships set forth herein are not necessarily indicative of the results of operations for any future period. These forward-looking statements are based on management's current beliefs and expectations, some or all of which may prove to be inaccurate, and which may change. 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 press release. 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.