Excel Technology receives order for its third generation semiconductor laser system - DRS III.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Nov. 21, 1994--Excel Technology 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 :XLTC) announced today it received an order for its third generation Defect Repair System (DRS DRS Drives (street suffix) DRS Dispute Resolution Service DRS Doctorandus DRS Department of Rehabilitative Services DRS Direct Registration System (securities) DRS Department of Rehabilitation Services III) for the semiconductor industry, from a world leading integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for manufacturer for its captive mask shop A Maskshop is a factory which exclusively manufactures photomasks for use in the Semiconductor industry within a cleanroom. There are two distinct types found in the trade. located on the West coast. The system is valued at approximately $2 million. Dr. Rama Rao, Chairman/CEO of Excel remarked, "We continue to believe that DRS III will fill a critical need for the world's high end semiconductor companies and rapidly advancing computer chip technology. The DRS III is being engineered and built under a Phase II contract from SEMATECH SEMATECH Semiconductor Manufacturing Technology . This order, following the 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) order last August, is welcome indeed as we move the project from the development phase into commercial production." Dr. Rao stated, "Our previous generations of DRS's have been the world's dominant repair tool for the semiconductor industry's photomask facilities. The new DRS III system is designed to repair clear, opaque and mixed defects on both binary and If two conditions are combined by and, they must both be true for the compound condition to be true as well. Likewise, two bits may be combined with and: x y x AND y 0 0 0 0 1 0 1 0 0 1 1 1 I.e. phase shift masks with an edge accuracy of 50 nanometers. These capabilities and the new masks are critical to the semiconductor chip manufacturers to meet the 0.35 micron and 0.25 micron dimensions requirements for the next generation DRAM memory chips and micro-processors." Dr. Rao concluded,"We currently hold about 80% of the world market outside of Japan and we think our new science may open the door to the Japanese marketplace. We believe the investment we are making in this project is critical in building long term value for our shareholders as the product should have a major impact on both revenues and earnings in 1995 and beyond. Fortunately, demand for our DRS II continues. We now have orders to deliver two DRS II systems in the current quarter from overseas customers." Excel and its wholly-owned subsidiaries develop, manufacture and market laser systems for science, industry and medicine. CONTACT: Excel Technology Mary Coyle, 516/273-6900 |
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