ATMI Sells Life Safety Systems Business to City Technology

ATMI Sells Life Safety Systems Business to City Technology 


DANBURY, Conn., May 6  /PRNewswire-FirstCall/ -- ATMI, Inc. , a supplier of
materials and materials packaging to the world's leading semiconductor
manufacturers, today announced it has sold its life safety sensors business to
City Technology, Ltd., part of the First Technologies Group of Companies, for
$11 million.

Gene Banucci, ATMI Chief Executive Officer said, "With the sale of our former
Life Safety Systems business, we have completed the divestment of two of the
six units accounted for as ATMI's discontinued operations. We remain on track
for meeting our goal of divesting or partnering these businesses by the end of
2004. City Technology specializes in the design and manufacture of high quality
gas detection sensors and will offer our Life Safety Systems employees a new,
better home where the sole focus is on gas sensors."

Dan Sharkey, ATMI Chief Financial Officer, said, "As with the Cree deal for our
Gallium Nitride business, this is an all cash transaction. ATMI expects to
recognize a small gain over book value."

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 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



CONTACT:  Dean Hamilton of ATMI, [phone], Direct,

[phone], ext., 4202, or  



Web site:  http://www.atmi.com/ 

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