Chipbond Orders Multiple ASTeX Nimbus Systems.Business/Technology Editors WOBURN, Mass.--(BUSINESS WIRE)--May 3, 2000 Applied Science and Technology, Inc. ("ASTeX") (Nasdaq:ASTX) today announced that Chipbond Technology Corporation ("Chipbond"), located in HsinChu, Taiwan, has ordered multiple Nimbus 300 sputtering A popular method for adhering thin films onto a substrate. Sputtering is done by bombarding a target material with a charged gas (typically argon) which releases atoms in the target that coats the nearby substrate. It all takes place inside a magnetron vacuum chamber under low pressure. systems to meet their production needs for under bump metallurgy metallurgy (mĕt`əlûr'jē), science and technology of metals and their alloys. Modern metallurgical research is concerned with the preparation of radioactive metals, with obtaining metals economically from low-grade ores, with for flip-chip advanced packaging. Chipbond selected the Nimbus 300 system because of its unique in-line design and flexibility to easily accommodate a wide variety of wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. sizes up to 300 mm, yielding high wafer throughput with a small footprint and the industry's lowest cost per wafer. Mr. Fei-Jain Wu, president of Chipbond, commented, "After an extensive evaluation process using our three previously purchased Nimbus systems, we determined that the Nimbus offers the most cost-effective solution for our production needs. The flexibility of the Nimbus 300 enables us to optimize our production schedules, which is essential to our operations. We have also been very pleased with the support and responsiveness of the ASTeX team." Dr. Richard S Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a . Post, president and chief executive officer of ASTeX, commented, "We are extremely pleased that Chipbond has selected the Nimbus 300 system. We believe this tool is ideally suited to our customers' needs in advanced packaging. The Chipbond order calls for three more systems to be delivered within the next three months, with an option for an additional four systems. If the option is exercised in full, Chipbond will have a total of 10 Nimbus systems." ASTeX provides precision reactive gas processing solutions and specialty power sources to the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and semiconductor, medical, and industrial markets, and complete process systems for advanced packaging, telecommunications, and magnetic sensors. ASTeX's broad product lines are based on one or more of our core technologies including precision reactive gas processing, power sources, and system integration. For more information, visit the ASTeX web site at www.astex.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains 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. that are subject to risks and uncertainties, including, but not limited to, the impact of industry business cycles, competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, general economic conditions, availability of raw materials, fluctuations in operating results, and other risks detailed from time to time in our filings with the Securities and Exchange Commission. |
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