Company Receives First Revenue from Recently Launched Etch Product Line
FREMONT, Calif., July 1 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. (NASDAQ:MTSN), a leading supplier of advanced process equipment used to manufacture semiconductors, today announced that it has received final acceptance on the initial Nexion(TM) etch system, which had previously shipped to a major 300mm memory manufacturing facility in Asia. The Company anticipates that it will recognize the associated revenue in its second fiscal quarter ended June 29, 2008.
This milestone order for the Nexion system marks Mattson's expansion into the growing etch market, with innovative products targeting high volume dielectric etch applications; and broadens the Company's future growth opportunities by doubling its total available market (TAM). In addition to this initial tool, Mattson has two other tools placed at other fabs.
David L. Dutton, President and CEO, noted, "We are committed to meeting our customers' stringent requirements in any market conditions, and we delivered the Nexion tool in accordance with this customer's full specifications. Mattson's unique ability to fine tune energy levels in the etching plasma allows our customers enhanced ability in transistor formation which is becoming more critical with each technology node. Mattson's Nexion system is unique in that it offers our customers improved process performance and leading Cost-of-Ownership in this fast growing yet cost sensitive market." Dutton concluded, "In the ultra competitive etch segment, this acceptance validates Mattson's etch technology at the leading edge of memory." About Nexion(TM) Mattson's Nexion(TM) system addresses the stringent technology requirements and Cost-Of-Ownership (CoO) needs of the Etch market. The Nexion system utilizes Mattson's patented Faraday-Shielded inductively coupled plasma (ICP) source technology, along with bias capability for anisotropic etching of 300mm wafers. Nexion leverages the very high throughput of Mattson's wafer transfer platform and the Company's differentiated source technology to provide superior process on-wafer performance at very low CoO.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements regarding the Company's future prospects, including, but not limited to: anticipated bookings, revenue, margins, earnings per share, market share, tax rate and fully diluted shares outstanding for future periods. Forward-looking statements address matters that are subject to a number of risks and uncertainties that can cause actual results to differ materially. Such risks and uncertainties include, but are not limited to: end-user demand for semiconductors; customer demand for semiconductor manufacturing equipment; the timing of significant customer orders for the Company's products; customer acceptance of delivered products and the Company's ability to collect amounts due upon shipment and upon acceptance; the Company's ability to timely manufacture, deliver and support ordered products; the Company's ability to bring new products to market and to gain market share with such products; customer rate of adoption of new technologies; risks inherent in the development of complex technology; the timing and competitiveness of new product releases by the Company's competitors; the Company's ability to align its cost structure with market conditions; and other risks and uncertainties described in the Company's Forms 10-K, 10-Q and other filings with the Securities and Exchange Commission. Results for the current quarter are preliminary and subject to adjustment. The Company assumes no obligation to update the information provided in this news release.
About Mattson Technology, Inc.
Mattson Technology, Inc. designs, manufactures, and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits. The Company is a leading supplier of dry strip and rapid thermal processing equipment to the global semiconductor industry. Its strip and RTP equipment utilize innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices. Mattson is expanding into the etch market with innovative products targeting high volume dielectric etch applications, and is also expanding into the millisecond annealing and thermal oxidation markets. The Company expects that entry into these new markets will enhance its technical leadership and deliver revenue and profitability gains. Mattson was founded in 1988 and is headquartered in Fremont, California. For more information, please contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont, Calif. 94538. Telephone: (800) MATTSON/(510) 657-5900. Fax: (510) 492-5911. Internet: http://www.mattson.com/.
Mattson Technology Contact
Rene George
Mattson Technology, Inc. tel (510) 492-6249
fax (510) 474-5911
Investor & Media Contact
Laura Guerrant
Guerrant Associates
tel 808-882-1467
fax 808-882-1267
DATASOURCE: Mattson Technology, Inc.
CONTACT: Rene George of Mattson Technology, Inc., +1-510-492-6249, fax +1-510-474-5911, ; or Investor & Media: Laura Guerrant of Guerrant Associates, +1-808-882-1467, fax +1-808-882-1267, Web site: http://www.mattson.com/
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