AG Associates announces partial release of lock-up.SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 10, 1995--AG Associates Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AGAI AGAI Associazione Guide Alpine Italiane AGAI Army General Administrative Instruction (UK) AGAI Antano Gustaicio Aviacijos Institutas (Lithuania) ), reported that Oppenheimer & Co. Inc., as a representative of the underwriters in the company's initial public offering, has partially released each of the company's shareholders and option holders, other than officers and directors of the company and shareholders holding more than 5% of the company's common stock, from the lock-up relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the public offering. The lock-up agreed to by the company's shareholders and option holders was initially for a 180-day period, to expire on Nov. 12, 1995. The shares subject to the lock-up that are in excess of the amount released will continue to be subject to the lock-up until Nov. 12, 1995, or until earlier release by the representative of the underwriters. Assuming compliance with other restrictions that may be applicable to the shares, in the release letter Oppenheimer delivered to AG Associates, Oppenheimer stated that each such shareholder or option holder may sell up to 10,000 shares of the company's common stock free of the lock-up. The release will be effective on Aug. 17, 1995, and will result in release of approximately 350,000 shares of the 3.5 million shares that were initially subject to the lock-up. AG Associates Inc. is the leading supplier of advanced single-wafer rapid thermal processing Rapid Thermal Processing (or RTP) refers to a semiconductor manufacturing process which heats silicon wafers to high temperatures (up to 1200 C or greater) on a timescale of several seconds or less. (RTP (1) (Rapid Transport Protocol) The protocol used in IBM's High Performance Routing (HPR) system. (2) (Realtime Transport Protocol) An IP protocol that supports real time transmission of voice and video. ) solutions used in the manufacture of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. . Since it pioneered the development of RTP in 1981, the company has grown its installed base to more than 1,000 systems worldwide. The company, headquartered in Sunnyvale, is publicly traded on the NASDAQ National Market under the symbol AGAI. CONTACT: AG Associates Inc., Sunnyvale Susan Salvesen, 408/745-1790 or fax, 408/747-0902 |
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