ATMI and Connecticut reach expansion agreement; program in excess of $2 million to promote growth within state.

DANBURY, Conn.--(BUSINESS WIRE)--July 31, 1995--Advanced Technology Materials Inc. (NASDAQ:ATMI), a leading developer of semiconductor materials, devices, and equipment today announced funding agreements in excess of $2 million with several State of Connecticut agencies to help promote ATMI's growth within the state.

Under the terms of the agreements, ATMI is to be awarded loans from the Connecticut Development Authority (CDA) and the Department of Economic Development (DED). Connecticut Innovations Inc. (CII) is to provide product development funding for high-performance semiconductor materials, in conjunction with a federal government-sponsored program at ATMI.

ATMI also announced it signed a 10-year lease on its Danbury facility with Powers Associates. Since its formation in 1986, ATMI has grown rapidly from 4 founders to 140 employees, with 95 at its Danbury facility. ATMI's revenues were nearly $20 million in 1994, with a net income of $2.5 million.

Gene Banucci, ATMI president said, "This agreement the state is proof positive of Connecticut's commitment to retain and grow high technology businesses. Without the participation and agreement of all the agencies, it would have been difficult to keep our roots in Connecticut. We are also very appreciative of the efforts of Mary and Mel Powers and National Semiconductor in promoting a lease that makes us a `Connecticut company' for many years to come."

Dan Sharkey, CFO commented, "Connecticut's ongoing support of ATMI is a significant factor in our success. CDA and DED loans will be used primarily for upgrading and expanding our Danbury facility. This includes a significant expansion of our manufacturing capacity. ATMI plans to add over 200 employees within the next few years. The CII funding is critical for allowing ATMI to maintain its leadership status in high performance semiconducting device development based on diamond and diamond-like materials. ATMI believes these materials will eventually make possible applications ranging from automotive engine electronics to ultrathin, high performance flat panel displays."

Governor John Rowland said, "By offering this support to ATMI, we are adding more high technology jobs to Connecticut. Advanced Technology will be critical to a stronger Connecticut in the years to come. This is a perfect example of how our three economic development entities can work together to help Connecticut business."

Arthur Diedrick, chairman of development for the governor's office stated, "ATMI is one of Connecticut's most innovative companies. They continue to successfully turn their research into profitable commercial semiconductor products that benefit ATMI and the state."

ATMI, with headquarters in Danbury, is developing diamond-based semiconductors. It develops, manufactures, and sells materials and environmental equipment to the worldwide semiconductor industry.

CONTACT: ATMI

Dean Hamilton, 203/794-1100

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