SAN JOSE, Calif., July 30, 2013 /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), today announced that it has moved Ultratech/Cambridge NanoTech to Waltham, Mass. The new state-of-the-art facility will expand its operations for next-generation atomic layer deposition (ALD) equipment development and enable leading-edge scientific research. After acquiring the assets of Cambridge NanoTech last December, Ultratech invested in a new facility to enhance ALD development. With this new facility, Ultratech/Cambridge NanoTech now has greatly enhanced its capability to develop innovative process technology for ALD applications.
ALD is an enabling technology which provides coatings and material features with significant advantages compared to other existing techniques for depositing precise nanometer-thin films. This technology is expected to be in high demand in volume manufacturing environments for integrated optics, micro-electro-mechanical systems (MEMs), implantable devices in the biomedical sector and batteries and fuel cells in the energy market.
Ultratech Chairman and Chief Executive Officer Arthur W. Zafiropoulo stated, "By creating a new state-of-the-art facility and leveraging the valuable Cambridge NanoTech intellectual property, we have further enhanced our ability to advance the development of next-generation ALD solutions. In addition, we have retained the same team that Cambridge NanoTech customers have worked with in the past. The completion of the new facility marks our successful integration of the Cambridge NanoTech assets into Ultratech's nanotechnology product group. By investing in the expansion of these operations, we expect to generate increased revenue in new and existing markets. Ultratech, and our ALD unit, Ultratech/Cambridge NanoTech, will continue to focus on technology solutions that support our global customers' advanced product and technology roadmaps."
Ultratech/Cambridge NanoTech is located at: 130 Turner Street, Building 2 Waltham, Massachusetts 02453 Click the link for photo: http://www.cambridgenanotechald.com/About/News.html
Also, Ultratech/Cambridge NanoTech will be exhibiting at the 13th Annual International Atomic Layer Deposition Conference held July 28-31, 2013, in San Diego, California.
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," "thinks," "intends," "believes," "estimates," and similar expressions and include management's 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; 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; rapid technological change; pricing pressures and product discounts; our ability to collect receivables; 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; cyber security 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, 2012, and our Quarterly Report on Form 10-Q for the three months ended March 30, 2013. 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.
SOURCE Ultratech, Inc.