Genus (NASDAQ:GGNS)
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Genus Secures Follow-on Orders from FLASH and DRAM Manufacturer
for Multiple LYNX3 300 mm CVD Systems
SUNNYVALE, Calif., March 11 /PRNewswire-FirstCall/ -- Genus, Inc., a leader in
advanced thin film deposition equipment used to manufacture advanced
semiconductor and data storage devices, announced today that it has received
follow-on letters of intent (LOIs) for multiple LYNX3 300 mm chemical vapor
deposition (CVD) systems from a DRAM and FLASH memory device manufacturer. This
news follows an earlier announcement today that Genus shareholders have
approved the merger with AIXTRON AG, a leading provider of equipment for
compound semiconductor epitaxy.
The new LYNX3 systems will increase the production capacity of current
manufacturing and join a number of similar LYNX3 systems already installed and
in production at the customer's DRAM and FLASH memory manufacturing facilities.
The tools are scheduled to ship by the end of Q2 this year.
"These follow-on orders for additional LYNX3 systems clearly demonstrate Genus'
leadership in providing production-proven solutions for semiconductor device
manufacturing, and support this customer's leadership position in the FLASH and
DRAM memory device segment," said Bill Elder, CEO of Genus, Inc. "Along with
our established line of 300 mm atomic layer deposition (ALD) systems, this
multiple LYNX3 order is the latest in a series of successful wins for Genus."
"Genus has a long and successful history with this leading FLASH and DRAM
memory manufacturer," continued Dr. Elder. "This order further validates our
success in providing the production-proven thin film deposition technology that
the industry requires in order to meet their aggressive production goals."
About Genus Thin Film Deposition Systems
The Genus LYNX3 system provides production-proven CVD capabilities for
manufacturing advanced semiconductor devices on 300 mm wafers. Similarly, the
Genus StrataGem300 system provides production-proven ALD capabilities for
manufacturing advanced semiconductor devices on 300 mm wafers.
About Genus
Genus, Inc. manufactures critical deposition processing products for the global
semiconductor industry and the data storage industry. To enable the production
of intricate micro-computer chips and electronic storage devices, Genus offers
its LYNX and StrataGem series of production-proven equipment for 200 mm and 300
mm semiconductor production, and offers thin film deposition products for
chemical vapor deposition (CVD), atomic layer deposition (ALD), and wafer
pre-clean capabilities. Genus is at the forefront of market and technology
developments in the ALD marketplace, which is gaining acceptance worldwide as a
critical technology for sub-0.13-micron production of computer chips and
electronic storage devices. Genus' customers include semiconductor
manufacturers located throughout the United States, Europe and the Pacific Rim
including Korea, Japan and Taiwan. Founded in 1981, the company is
headquartered in Sunnyvale, California. For additional information visit
Genus' web site at http://www.genus.com/.
NOTE: LYNX2(R), LYNX3(TM) and StrataGem(TM) are trademarks of Genus, Inc.
Prior to the merger with AIXTRON, Genus was traded on NASDAQ under the symbol
GGNS.
Forward-Looking Statements This press release contains forward-looking
statements regarding the company's future financial and business performance.
These forward-looking statements are subject to a number of risks and
uncertainties. These contingencies include but are not limited to: actual
customer orders received by the company, the extent to which ALD technology is
demanded by the marketplace, the actual number of customer orders received by
the company, availability of components from suppliers, the timing of final
acceptance of products by customers, the financial climate, accessibility to
financing and fulfillment of closing conditions, general conditions in the thin
film equipment market and in the macro-economy, and the influence of global
political events. Genus assumes no obligation to update this information.
Additional risks and uncertainties are discussed in the Form F-4 filed by
AIXTRON AG on February 8, 2005.
DATASOURCE: Genus, Inc.
CONTACT: Trine Pierik of Positio Public Relations, Inc.,
+1-408-453-2400, for Genus, Inc.; or Shum Mukherjee of Genus, Inc.,
+1-408-747-7140
Web site: http://www.genus.com/