ATMI announces record revenues for 1994; EcoSys Division receives $1.7 million Hyundai order.DANBURY, Conn.--(BUSINESS WIRE)--Feb. 21, 1995--Advanced Technology Materials 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 : ATMI ATMI American Textile Manufacturers Institute ATMI Association for Technology in Music Instruction ATMI Advanced Technology Materials, Inc. ATMI Application-to-Transaction Manager Interface ATMI According to My Information ATMI Atm Interface Unit ), a leading developer of semiconductor materials Semiconductor materials are insulators at absolute zero temperature that conduct electricity in a limited way at room temperature (see also Semiconductor). The defining property of a semiconductor material is that it can be doped with impurities that alter its electronic properties and devices, today announced financial results for the quarter and year ended Dec. 31, 1994. Revenues for the fourth quarter increased 27% to $5,085,000 from $3,989,000 in 1993. For the year, revenues improved nearly 50% to $19,761,000 in 1994 from $13,244,000 in 1993. The financial results for all periods include the historical financial results of Vector Technical Group Inc., which was acquired in the third quarter of 1994 and treated as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . ATMI's net loss decreased 14% to $180,000, or $.02, for the fourth quarter of 1994 from $209,000 or $.03 per share, in 1993. Net income for 1994 was $2,636,000 (including a one time gain of $3,593,000) compared with 1993's net loss of $550,000. Earnings per share for the 1994 year were $0.35, compared with a $0.10 loss per share for 1993. Gene Banucci, president of ATMI said, "During 1994 we maintained our record of posting increased revenues in every year since the Company's formation. Just as importantly, it was our first year of profitability while continuing significant R&D spending in both semiconductor materials and diamond semiconductors. Our partnership with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , and Micron Semiconductor in semiconductor materials continues to make excellent progress. In diamond semiconductors, our strategic partnership with Silicon Video Corp. on flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time is making rapid strides toward a prototype. We believe 1994 reinforced our business model and that 1995 will further validate it." ATMI also announced that during the first quarter of 1995, its EcoSys semiconductor environmental products division will provide Hyundai's E-3 project in Korea with over $1.7 million of Novapure(R) dry chemical effluent effluent waste from an abattoir carried away in liquid form. Disposal is a major problem because of the need to avoid pollution of waterways. See aerobic effluent treatment, anaerobic effluent treatment. control equipment. The E-3 project is a new sub-0.5 micron DRAM fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. plant producing 16Mb DRAM (dynamic random access memory Dynamic random access memory (DRAM) is a type of random access memory that stores each bit of data in a separate capacitor within an integrated circuit. Since real capacitors leak charge, the information eventually fades unless the capacitor charge is refreshed periodically. ) chips. Ray Krummen, president of EcoSys said, "This order for our dry chemical scrubbers is consistent with the general Korean fab trend toward point-of-use gas treatment at the process tool. We expect continued success in the Pac Rim because of both the rapid growth of the market and the unique set of environmental technologies we offer to semiconductor manufacturers." Dan Sharkey, CFO See Chief Financial Officer. commented, "The Hyundai order demonstrates ATMI's continued revenue momentum as we enter 1995. ATMI's growth rate has actually accelerated each of the last five years to nearly 50% in 1994. Our EcoSys division posted important gains during the year, especially in the fourth quarter. The positive synergies of combining our effluent treatment products with Vector's have become immediately apparent." ATMI, with headquarters in Danbury, Conn., is developing diamond-based semiconductors, and manufactures and sells materials and environmental equipment to the worldwide semiconductor industry. -0-
Advanced Technology Materials Inc.
Summary Financial Information
Quarter ended Dec. 31,
1994 1993
Total revenues $5,085,000 $3,989,000 Gross profit 2,032,000 1,585,000 Net loss $ (180,000) $ (209,000) Net loss per share $ (.02) $ (.03) Weighted average shares outstanding 7,205,000 6,136,000
Year ended Dec. 31,
1994 1993
Total revenues $19,761,000 $13,244,000 Gross profit 7,771,000 5,001,000 Non-recurring income, net 3,593,000 0 Net income (loss) $ 2,636,000 $ (550,000) Net income (loss) per share $ .35 $ (.10) Weighted average shares outstanding 7,595,000 5,473,000 CONTACT: ATMI, Danbury Dean Hamilton Dean Hamilton (born 13 February 1961 in Windsor, Ontario) is a Canadian actor and director. External links , 203/794-1100/dhamilton(at)atmi.com |
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