Atmi Inc. (MM) (NASDAQ:ATMI)
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ATMI Sells Fab Services Business to Materials Support Resources
DANBURY, Conn., July 1 /PRNewswire-FirstCall/ -- ATMI, Inc. (NASDAQ:ATMI), a
supplier of materials and materials packaging to the world's leading
semiconductor manufacturers, today announced it has sold its semiconductor
fabrication plant parts cleaning services business, "Fab Services," to
Materials Support Resources (Delaware), Inc., effective June 30.
Gene Banucci, ATMI Chief Executive Officer said, "Materials Support Resources
offers ATMI's Fab Services clients and employees a company whose sole focus and
expertise is semiconductor tool maintenance and service. Materials Support
Resources has extended employment offers to Fab Services employees, and is
already devoting additional resources to expanding its customer support, reach,
and penetration."
Dan Sharkey, ATMI Chief Financial Officer, said, "This sale includes the
operations at five locations, in Arizona, New Mexico, Texas, Oregon, and
Ireland. ATMI expects to recognize a gain slightly above book value."
Larry Kenney, President of Materials Support Resources (Delaware), Inc., said,
"Our focus is on supporting our customers' needs for superior tool maintenance
services. Acquiring the operations of ATMI's Fab Services business gives us the
critical mass that moves us into the top tier of global fab and tool support
services. We now have the dedicated resources to support the entire maintenance
network from repair, spare parts management, parts cleaning, refurbishment, and
value-added engineering to reduce the customer's total cost of ownership."
Materials Support Resources (Delaware), Inc., is a wholly-owned subsidiary of
Support Resources Holdings which provides Semiconductor Manufacturers and
Equipment Suppliers a total outsource solution for system repair and
maintenance including parts management, cleaning, refurbishment, engineering
upgrade support, and automated service software all designed to lower the total
cost of system maintenance. For more information, please visit
http://prismsupport.com/.
ATMI provides specialty materials and materials packaging to the worldwide
semiconductor industry. As The Source of Semiconductor Process Efficiency, ATMI
helps customers improve wafer yields and lower operating costs. For more
information, please visit http://atmi.com/.
Statements contained herein that relate to ATMI's future performance,
including, without limitation, statements with respect to ATMI's anticipated
results of operations or level of business for 2004, or any other future
period, are forward-looking statements within the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements are based on
current expectations only, and are subject to certain risks, uncertainties, and
assumptions, including, but not limited to: changes in semiconductor industry
growth; ATMI's markets or customer interest in ATMI's products; competition,
problems, or delays developing and commercializing new products; problems or
delays in integrating acquired operations and businesses into ATMI;
technological changes affecting the competencies of ATMI; problems or delays
associated with any restructuring and proposed divestiture activities;
unanticipated internal and/or third-party delays; and other factors discussed
in ATMI's filings with the Securities and Exchange Commission. Such risks and
uncertainties could cause actual results to differ from those projected. ATMI
undertakes no obligation to publicly update or revise any forward-looking
statements, whether because of new information, future events or otherwise.
DATASOURCE: ATMI, Inc.
CONTACT: Dean Hamilton of ATMI, +1-203-207-9349 Direct, or
+1-203-794-1100, ext. 4202,
Web site: http://www.atmi.com/
http://prismsupport.com/