Ultratech Names Andrew Hawryluk Senior Vice President of
Engineering for Lithography and Laser Processing
SAN JOSE, Calif., July 21 /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 Andrew Hawryluk, Ph.D., to the position of senior vice president
of engineering for lithography and laser processing. Hawryluk, 51, has over
two decades of experience in the semiconductor industry, including high-level
positions at Photon Dynamics and KLA-Tencor Corp. In his new role, Hawryluk
will lead all of the company's engineering activities, reporting directly to
Ultratech President and Chief Operating Officer John Denzel.
Hawryluk's most recent positions were vice president of advanced technology,
developing new technology and products, and vice president of engineering,
managing the worldwide engineering department, at Photon Dynamics. Prior to
that, he served as program manager and director of engineering at KLA-Tencor,
where he managed the development of the company's next-generation brightfield
wafer-inspection tool. Previously, Hawryluk held a succession of management
positions at Nortel Networks and Lawrence Livermore National Laboratory.
Additionally, he served as Ultratech's director of engineering responsible for
the 1X optical lens design and implementation, and was promoted to vice
president of engineering where he was involved in the research and development
of the laser processing program.
Denzel noted, "We are extremely pleased to welcome Andy back to Ultratech. He
brings to his new role a wealth of valuable industry experience and a deep
knowledge of high-powered lasers, optics and photolithography systems. We
anticipate Andy's expertise will greatly assist our engineering efforts,
enabling Ultratech to address future device nodes and continue down the path of
Moore's Law. We look forward to his contributions as he works to continue
Ultratech's legacy of providing innovative, leading-technology solutions for
our customers worldwide." Hawryluk holds a bachelor's, a master's and a Ph.D. in electrical engineering
and computer science from the Massachusetts Institute of Technology (MIT). He
has been granted over 20 patents in the areas of semiconductor processing,
optics and imaging, and particle beams and lasers. In addition, Hawryluk has
been awarded numerous industry accolades, and is a seven-time recipient of R&D
Magazine's "R&D 100" award and recipient of the Department of Energy's "Award
of Excellence." 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 April 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 report.
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 http://www.ultratech.com/. DATASOURCE: Ultratech, Inc.
CONTACT: Bruce R. Wright, Senior Vice President & CFO, or Laura Rebouche, Vice President, Investor Relations and Corporate Communications, , both of Ultratech, Inc., +1-408-321-8835, or fax, +1-408-577-3379; or Angie Kellen, Account Director of MCA, +1-650-968-8900, or fax, +1-650-968-8990, or , for Ultratech Web site: http://www.ultratech.com/
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