Aviza Technology Receives 1.2M (GBP) Grant From Welsh Assembly Government.Regional Selective Assistance (RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. ) Grant Will Support Company's Multi-year Effort to Enhance Research and Development SCOTTS VALLEY, Calif. -- Aviza Technology, Inc. (Nasdaq:AVZA), a supplier of advanced semiconductor equipment and process technologies for the global semiconductor, compound semiconductor, nanotechnology and other related markets, today announced that the company was awarded a multi-year grant of approximately u1.2 million (GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), or $2.2 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), from the Welsh Assembly Government's Regional Selective Assistance (RSA) program. Aviza plans to invest u6.4 million (GBP) over a multi-year period to enhance research, development and engineering capabilities at its Newport facility, where the company designs, develops and manufactures single-wafer equipment and process technologies used to produce advanced integrated circuit (IC) devices. The u1.2 million (GBP) RSA grant will help create more than 30 highly technical positions as well as support expanded responsibilities for an additional 50 positions. Minister for Enterprise, Innovation and Networks Andrew Davies said, "We are pleased to offer this grant to Aviza Technology, Inc. This grant from the Assembly Government will enable Aviza's Newport operations to further develop and strengthen its presence here in Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. , in addition to complementing the company's R&D efforts at its Scotts Valley, California Scotts Valley is a small city located in eastern Santa Cruz County, California, United States, about ten miles (16 km) south of San Jose and six miles (10 km) north of the beach in the upland slope of the Santa Cruz Mountains. As of the 2000 census, the city population was 11,385. global headquarters. Aviza is already one of the flagships of the advanced technology sector of the Welsh economy Co and this latest investment underlines the company's continued commitment to Newport's economy." The RSA grant is a discretionary grant established by the Welsh Assembly Government The Welsh Assembly Government (WAG) (Welsh: Llywodraeth Cynulliad Cymru, LlCC) was firstly an executive body of the National Assembly for Wales, consisting of the First Minister and his Cabinet from 1999 to 2007. to aid businesses with capital investment projects in the Assisted Areas of Wales. To-date, a total value of u650 million (GBP) were made to businesses undertaking capital investment projects in Wales worth a total of about u2.83 billion (GBP), which have created approximately 50,000 new jobs and preserved some 20,000 existing jobs. "We are extremely proud to have received this grant from the Welsh Assembly Government in recognition of our commitment to our business operations in Newport," said Jerry Cutini, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aviza Technology, Inc. "This grant is an important component to our ongoing commitment to support business in Wales. Aviza will continue to work closely with the Welsh government to highlight the technical accomplishments achieved by the company and to identify cooperative programs for future collaborations." On Tuesday, Oct. 17, 2006, a commemorative signing for this grant was held at Aviza's Newport facility with representatives from the Welsh Assembly Government and Aviza's executive management team. Safe Harbor This press release contains forward-looking statements. These forward-looking statements are based on our management's current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. These forward-looking statements include, but are not limited to, the statements made by Jerry Cutini and all statements containing the words "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "estimates" or "anticipates" or the negative of these words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. or other variations of these words and phrases or comparable terminology. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements. Some of these factors and other important factors are detailed in our various Securities and Exchange Commission filings, particularly in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, copies of which are available from us without charge. Please review these filings and do not place undue reliance on these forward-looking statements. We assume no obligation to update forward-looking statements. About Regional Selective Assistance (RSA) Grant Regional Selective Assistance (RSA) helps support capital investment projects in the Assisted Areas that create new jobs or safeguard existing ones. It is the main form of financial incentive to industry to encourage investment and growth in Wales. The grant is available to manufacturing companies and those service sectors who serve more than a local market. For further information on the scheme, either contact 08454 10 10 10 or visit our website at www.wales.gov.uk/investmentfunding. About Aviza Technology, Inc. Aviza Technology, Inc. is a supplier of advanced semiconductor equipment and process technologies for the global semiconductor, compound semiconductor, nanotechnology and other related markets. Aviza offers both front-end-of-line (FEOL) and back-end-of-line (BEOL) process applications including products for atomic layer deposition A semiconductor manufacturing technique that deposits a single layer on a chip that is only one atom or one molecule thick. As elements on a chip decreased to below 100 nm, this essential technology for making the chip ever smaller became commercial after the turn of the 21st century. (ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ), diffusion and low pressure chemical vapor deposition (LPCVD LPCVD Low Pressure Chemical Vapor Deposition ) furnaces, atmospheric pressure CVD CVD Cardiovascular disease, see there (APCVD), CVD, etch and physical vapor deposition Please help recruit one or [ improve this article] yourself. See the talk page for details. (PVD PVD abbr. peripheral vascular disease PVD Peripheral vascular disease, see there ). The company is publicly traded on the NASDAQ Global Market (NASDAQ GM: AVZA). Aviza is headquartered in Scotts Valley, Calif., with manufacturing, R&D, sales and customer support facilities located in the UK, Germany, France, Italy, Taiwan, China, Japan, Korea, Singapore and Malaysia. Additional information about the company can be found at http://www.avizatechnology.com. |
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