August Technology Enters Development Agreement with Leading Semiconductor Manufacturer.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Jan. 8, 2003 August Technology (Nasdaq:AUGT) today announced that it has entered into a development agreement with one of the world's top ten semiconductor manufacturers. The collaboration will move August Technology's inspection technologies into new crucial areas of the wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. process by leveraging August Technology's extensive capabilities in rapid automated defect inspection with the partner's leading edge device manufacturing expertise. "Based on August Technology's leadership position in providing automated defect detection at multiple stages of the manufacturing process, our customers consistently encourage us to extend our core technical capabilities into additional process steps," explained Jeff O'Dell, August Technology's chairman and chief executive officer. "With the support of this leading semiconductor manufacturer, we will bring affordable detection, review and classification of defects greater than 0.5 micron micron: see micrometer. One micrometer, which is one millionth of a meter or approximately 1/25,000 of an inch. The tiny elements that make up a transistor on a chip are measured in micrometers and nanometers. See process technology. into key points in the fab. This initiative will immediately allow us to support our customers' growing need for process knowledge while opening up opportunities for further expansion of our served markets." O'Dell continued, "As noted during our last quarterly conference call, we continue to aggressively pursue customer driven initiatives that enable us to extend our existing technologies into new or underserved markets that we believe have significant growth potential. Given the attractiveness of the process control market combined with August Technology's proven ability to capture emerging market opportunities, we will be very well positioned as the industry once again begins to accelerate." August Technology's automated inspection solutions provide critical product and process enhancing information, which enable microelectronic device manufacturers to drive down costs and time to market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Gartner Dataquest's Midyear mid·year n. 1. The middle of the calendar or academic year. 2. a. An examination given in the middle of a school year. b. midyears A series of such examinations. 2002 Semiconductor Manufacturing Market: Wafer Fab Equipment report, the overall process control market is estimated to grow by 25.0% annually, nearly doubling in size to $5.40 billion in 2005 from $2.76 billion in 2002. Based in Bloomington, Minnesota Bloomington is a city in Hennepin County, Minnesota, and a southern suburb of Minneapolis. As of 2005, it had a population of 84,347, making it the largest Twin Cities suburb, and the fifth largest city in the state[1]. , August Technology is a founding member of the Advanced Packaging and Interconnect Alliance (APiA) and an active member of the Die Products Consortium (DPC DPC Department of Premier and Cabinet (Victoria, Australia) DPC Dutch Power Cows DPC Deferred Procedure Calls (Microsoft Windows NT 4. ). Additional information can be found by visiting August Technology's web site at www.augusttech.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This release contains forward-looking statements that involve risks and uncertainties including statements regarding research, development and engineering to be performed for potential orders, which have not yet been shipped, installed or accepted, and actual results may differ from those set forth in the forward-looking statements, because of the risks and uncertainties, including but not limited to deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. in general economic conditions, further downturns in the microelectronics industry, further softening softening /sof·ten·ing/ (sof´en-ing) malacia. softening a change of consistency, with loss of firmness or hardness. of the financial markets, inaccurate market expectations, changes in the development agreement or relationship with the semiconductor party we are in the development agreement with, or any unforeseen difficulties in the development, manufacture, shipment, delivery and/or acceptance of our products or in the economy in general. Please refer to additional risk factors stated in August Technology's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. Registration Statement filed with the Securities and Exchange Commission. |
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