Ultratech Names Peter Shamshoian Vice President of Sales for
North America and Europe
SAN JOSE, Calif., June 7 /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 Peter Shamshoian to the position of vice president of sales for
North America and Europe. Shamshoian, 46, has over two decades of experience
in the semiconductor industry, including high-level positions at KLA-Tencor
Corp. and ATMI Technologies. In his new role, Shamshoian will report directly
to Rick Friedman, senior vice president, worldwide sales and marketing.
(Photo: http://www.newscom.com/cgi-bin/prnh/20050607/SFTU018 ) Shamshoian's most recent post was senior director of business development for
Films and Surface Technology at KLA-Tencor, managing key strategic
relationships with the company's top-level accounts in North America and
Europe. Prior to that, he served as vice president of global customer
operations at ATMI Technologies, where he managed foreign subsidiaries in
Taiwan, Singapore, Korea and Europe. Previously, Shamshoian held a series of
management positions at Watkins-Johnson Co., including general manager of
Watkins-Johnson Europe and director of worldwide sales.
"We are extremely pleased to welcome Pete to Ultratech," said Friedman. "His
experience and sales leadership in the semiconductor equipment business will
help us further our alliances with our existing customers in North America and
Europe, as well as create new ones. Pete's broad technical knowledge coupled
with his strong industry experience will provide insight into how better to
meet our customers' current and future manufacturing requirements. We look
forward to Pete's contributions as he communicates the benefits of Ultratech's
technologies to the marketplace, which we expect will lead to an increase in
our customer base in North America and Europe." Shamshoian holds a bachelor's degree in physics from the University of
California, Berkeley.
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 Ultratech's dependence on new product introductions and market acceptance of
new products and enhanced versions of its 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 Ultratech's licensing revenues; changes to
financial accounting standards; changes in pricing by Ultratech, its
competitors or suppliers; customer concentration; international sales; timing
of new product announcements and releases by Ultratech or its competitors;
ability to volume produce systems and meet customer requirements; sole or
limited sources of supply; ability and resulting costs to attract or retain
sufficient personnel to achieve Ultratech's targets for a particular period;
dilutive effect of employee stock option grants on net income per share, which
is largely dependent upon Ultratech achieving and maintaining profitability and
the market price of Ultratech's 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 Ultratech's 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 its Quarterly Report on Form 10-Q for the quarter ended
April 2, 2005.
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/ http://www.newscom.com/cgi-bin/prnh/20050607/SFTU018 http://photoarchive.ap.org/ 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, Senior Account Manager of MCA, +1-650-968-8900, or , for Ultratech, Inc.
Web site: http://www.ultratech.com/
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