03.08.08
Ultra Clean Technology (UCT) to provide turnkey process module for technology leader Photon Dynamics, Inc.
Menlo Park, CA, 3-08-08 – Ultra Clean Technology (Ultra Clean Holdings, Inc. - NASDAQ: UCTT), a leading developer and supplier of critical subsystems for the semiconductor capital equipment industry announced today that they have entered into a partnership agreement with Photon Dynamics, Inc. (NASDAQ: PHTN) to manufacture, integrate and test Photon Dynamics’ complete line of ArrayChecker™ test products. ArrayChecker is Photon Dynamics’ market leading LCD (Liquid Crystal Display) array test system.
Photon Dynamics has chosen to partner with Ultra Clean to implement state-of-the-art, logistics and modular manufacturing techniques to help reduce equipment development and manufacturing costs and speed new product introductions. The first shipment of Photon Dynamics’ test products will be manufactured in Ultra Clean’s South San Francisco facility in Q1, 2008, and are expected to be ready for delivery later the same quarter. Subsequent manufacturing will take place in Q2, 2008 at UCT's Shanghai facility with delivery scheduled for summer 2008.
Complex systems for advanced flat panel yield management.
Ultra Clean Technology will provide turnkey manufacturing (including highly specialized electromechanical modules) for all versions of Photon Dynamics' ArrayChecker test products. The systems will be assembled, tested and qualified as part of a large-scale system integration program. The industry’s migration toward larger display panels is driving the need to maximize manufacturing yields. Advanced test equipment thus becomes increasingly critical with each successive product generation.
"Our ability to deliver an end-to-end solution for these unique systems - on schedule, in key locations, demonstrates that UCT has the agility and means to participate in a successful, long-term relationship with Photon Dynamics", remarked Mr. Clarence Granger, UCT's Chairman and Chief Executive Officer. Granger continued, "I believe our proven manufacturing expertise, exceptional customer support and sound business practices were significant factors contributing to this new strategic partnership."
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. (Ultra Clean Technology) is a leading developer and supplier of critical subsystems for the semiconductor capital equipment industry, Having gained a global reputation for gas delivery systems, Ultra Clean now offers its customers a complete outsourced solution for liquid and gas delivery systems, and a growing list of critical subsystems. The company can facilitate improved design-to-delivery cycle times and offers component neutral design and manufacturing and component testing capabilities. Ultra Clean’s customers are primarily original equipment manufacturers of semiconductor capital equipment. The Company is headquartered in Menlo Park, California. Additional information is available at the UCT web site www.uct.com
About Photon Dynamics, Inc.
Photon Dynamics, Inc. (NASDAQ: PHTN), is a global supplier utilizing advanced machine vision technology for market leading LCD flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics, Inc. www.photondynamics.com
Safe Harbor Statement
The foregoing information contains, or may be deemed to contain, "forward- looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "believes," "plan," "expect," "future," "intends," "may," "will," "should," "estimates," "predicts," "potential," "continue" and similar expressions to identify these forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, our actual results may differ materially from the results predicted or implied by these forward- looking statements. These risks, uncertainties and other factors include, among others, those identified in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in our annual report on Form 10-K for the year ended December 29, 2006 and quarterly report on Form 10-Q for the quarter ended September 28, 2007 filed with the Securities and Exchange Commission. Ultra Clean Technology undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information future developments or otherwise.
Media contacts:
Mr. Jack Sexton
Ultra Clean Technology
150 Independence Drive, Menlo Park, CA 94025
(650) 617-4100
fax (650) 326-0929
jsexton@uct.com
Mr. Robert Goldberg
StartupFactory, LLC
(510) 2238-0800
robert@startupfactory.biz
So-Yeon Jeong
Vice President, Investor Relations and Marketing Communications
Photon Dynamics, Inc.
5970 Optical Court, San Jose, CA 95138
(408) 360-3084
soyeon.jeong@photondynamics.com
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