Ultratech opens advanced manufacturing facility in Singapore
San Jose, Calif. - Ultratech, Inc. (Nasdaq: UTEK), a leading supplier of lithography and laser-processing systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), today officially opened an advanced manufacturing facility in Singapore. Ultratech plans to spend more than $125 million dollars over the next several years in support of its Singapore International Operations. Leo Yip, Chairman of the Singapore Economic Development Board and some 200 guests attended today's grand opening event which was followed by a plant tour.
Ultratech Chairman and CEO Arthur W. Zafiropoulo said, "After an extensive study in the Asia Pacific region, we selected Singapore for several business reasons including being conveniently located to Ultratech's served markets. We expect 75 percent of our business to be located in the Pacific region, and with this new facility in Singapore Ultratech can better serve customers from Thailand to Taiwan. We are continuously looking for ways to provide our customers with even better service and more cost-effective solutions. The new Singapore facility will enable Ultratech to achieve our commitment to meet our global customers' needs with advanced technology and state-of-the-art manufacturing solutions."
The advanced manufacturing facility will be capable of producing over 100 lithography steppers annually for the advanced packaging and the HB-LED markets. Along with providing engineering support in Singapore, the new facility will also serve as headquarters for Ultratech's global service operations and Asia Pacific sales organization. Ultratech plans to start manufacturing lithography systems at its Singapore facility beginning in late 2010 with the first tool shipments to customers scheduled for the first quarter of 2011.
About Ultratech: Ultratech, Inc. (Nasdaq: UTEK) designs, manufactures and markets photolithography and laser processing equipment. Founded in 1979, the company's market-leading advanced lithography products deliver high throughput and production yields at a low, overall cost of ownership for bump packaging of integrated circuits and high-brightness LEDs (HB-LEDs). A pioneer of laser processing, Ultratech developed laser spike anneal technology, which increases device yield, improves transistor performance and enables the progression of Moore's Law for 45-nm and below production of state-of-the-art consumer electronics. Visit Ultratech online at: www.ultratech.com.
4 Constitution Way, Suite L Woburn, MA 01801 Phone: (781) 376-0045 Fax: (781) 376-0087