SAN JOSE, Calif., April 24, 2014 /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), recently
received its 14th safety recognition award from
its workers' compensation carrier for its exemplary health and
safety record. The award, presented jointly by Ultratech's
broker Wells Fargo Insurance Services USA, Inc., and Berkley Technology
Underwriters, a Berkley Company, acknowledges Ultratech's efforts
to incorporate safety as part of the company's corporate
culture. This recognition confirms the successful extension
of Ultratech's ongoing, company-wide commitment to its employees'
welfare to its new facilities in Waltham,
Mass. and Singapore. Marking its 14th
health and safety award, Ultratech has maintained its excellent
safety record.
Matthew Mueller, President,
Berkley Technology Underwriters, a Berkley Company, stated, "The
company was founded in 1967 and is one of the nation's premier
commercial lines property casualty insurance providers. Like
Ultratech, it is our long-time industry experience and specialized
knowledge that differentiates us from other companies. We are
proud to be Ultratech's partner and are committed to supporting all
of its global employees in maintaining a safe and thriving work
environment."
"In all areas of its organization, Ultratech's commitment to
safety and overall employee well-being is part of its value-driven
culture," stated Sam Elliot,
regional managing director for Wells Fargo Insurance Services
USA, Inc.'s West region.
"Starting with our San Jose
headquarters and including our manufacturing facility in
Singapore and Cambridge Nanotech
business in Waltham, Mass.,
Ultratech has successfully extended its culture of safety to all of
its locations. Safety is built into everything that we do and
we strive to make continuous improvements to an already enviable
record," noted Arthur W.
Zafiropoulo, Ultratech's Chairman and CEO. "I am proud
to receive this award and direct the accolades to our employees who
work conscientiously to make safety and quality synonymous with
Ultratech."
"Our success is due both to the leadership of our managers and a
workforce that focuses on making safety at Ultratech a top priority
throughout our worldwide operations," explained Bruce Wright, Ultratech's Senior Vice President
and CFO. "Not only are we rewarded with a safe and productive
working environment, but Ultratech also realizes important savings
in the cost of doing business, as well as excellent insurance
rates."
Safe Harbor
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, 2013, and our
Quarterly Report on Form 10-Q for the three months ended
September 28, 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.
(UTEK-G)
SOURCE Ultratech, Inc.