Axcelis Names Stephen Bassett Chief Financial Officer; Bassett's Contributions to Axcelis' Fiscal Strength Leads to CFO Appointment.Business Editors/High-Tech Writers BEVERLY, Mass.--(BUSINESS WIRE)--May 3, 2004 Axcelis Technologies Axcelis Technologies, Inc. NASDAQ: ACLS engages in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. , 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 : ACLS ACLS abbr. advanced cardiac life support ) today announced the appointment of Stephen G. Bassett as senior vice president and chief financial officer. Bassett, who has served as the company's interim CFO See Chief Financial Officer. since last year, brings significant finance experience to Axcelis' executive leadership team. "Axcelis has emerged stronger than ever from the recent industry downturn, and Steve's solid financial leadership and ability to drive operational improvements over the past 10 months have played an important role in this success," said Mary Puma, chief executive officer of Axcelis. "We are fortunate that Steve will be permanently joining the Axcelis team. His fiscal insights and experience are a tremendous asset as Axcelis continues to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the market upturn." Prior to joining Axcelis as interim CFO, Bassett was chief financial officer for Ezenia! Inc. He also served as an independent senior financial consultant for several years and as an audit partner at Ernst & Young LLP LLP - Lower Layer Protocol for 15 years, where he managed auditing services for a variety of organizations, ranging from multinational Fortune 500 companies to emerging businesses. About Axcelis Technologies, Inc. Axcelis Technologies, Inc., headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation, 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. , and cleaning and curing systems. Axcelis Technologies has key technology centers in Beverly, Massachusetts, and Rockville, Maryland as well as in Toyo, Japan through its joint venture, SEN. The company's Internet address is: www.axcelis.com. Forward-Looking Statements This press release includes certain statements, known as "forward-looking statements," which express the current expectations of Axcelis management. Certain risks and uncertainties could cause actual results to differ materially from those currently anticipated as expressed in this press release. Among other factors, such risks and uncertainties include the continuing demand for semiconductor equipment, relative market growth, continuity of business relationships with major customers, competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and global economic and financial conditions. These risks and other risk factors relating to Axcelis are described more fully in the most recent 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. filed by Axcelis and in other filings from time to time with the Securities and Exchange Commission. |
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