John M. Poate to Head Technology Development for Axcelis Technologies, Inc.Business/Technology Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com BEVERLY, Mass.--(BUSINESS WIRE)--May 10, 2000 Axcelis Technologies, Inc., today named John M. Poate, currently Dean of the College of Science and Liberal Arts at the New Jersey Institute of Technology (NJIT NJIT New Jersey Institute of Technology ), to head technology development for the company. He will assume his new position in late June. Poate, who will become Chief Technology Officer and report to Axcelis President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Mary G. Puma, is a leading authority on low- and high-energy ion implantation technology development, and is the author of three books and over 250 articles and papers in the areas of materials science, semiconductor processing and nuclear physics. "We are indeed fortunate to have a scientist of John Poate's stature joining Axcelis Technologies as its first chief technology officer," said Brian R. Bachman, Axcelis Vice Chairman and Chief Executive Officer. "His proven record of leadership in the development of ion beam and related technologies, both in the private and public sectors, speaks for itself, and the mature guidance he will provide to this business will be important to its future success." Prior to assuming his present position at NJIT in 1997, Poate was department head of the Silicon Processing Research Department at Bell Laboratories, Lucent Technologies. From 1984 to 1990 he was head of the Interface Physics Research Department at Bell Laboratories, and before that, was employed at the United Kingdom Atomic Energy Research Establishment The Atomic Energy Research Establishment (AERE) near Harwell, Oxfordshire was the main centre for atomic energy research and development in the United Kingdom from the 1940s to the 1990s. in Harwell, England. Poate is Past President of the Materials Research Society, and past Chair of the Division of Materials Physics of the American Physical Society The American Physical Society was founded in 1899 and is the world's second largest organization of physicists. The Society publishes more than a dozen science journals, including the world renowned Physical Review and Physical Review Letters, and organizes more than twenty science . He is a Fellow of the American Physical Society, and editor of Applied Physics Reviews. He is past Chair of the Physical and Engineering Sciences Panel for NATO. He holds Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Physics and Master of Science in Nuclear Physics degrees from Melbourne University, and a Doctorate in Nuclear Physics from the Australian National University Australian National University, located in Canberra and state-sponsored, founded 1946 as Australia's only completely research-oriented university. Originally limited to graduate studies, it expanded in 1960, merging with Canberra University College (est. 1929). . Axcelis Technologies, Inc., was formerly named Eaton Semiconductor Equipment Inc., and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Eaton Corporation. On May 5, Axcelis had filed a registration statement with the Securities and Exchange Commission for the initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) of its common stock. On April 26, 2000, Eaton had announced its intent to reorganize its semiconductor equipment operations into an independent company and conduct an IPO for the business. About Axcelis Technologies, Inc. Axcelis Technologies, Inc., headquartered in Beverly, MA, is a leading producer of ion implantation equipment used in the fabrication of semiconductors. Axcelis also produces dry strip, photostabilization and 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. equipment used in semiconductor manufacturing and provides extensive aftermarket service and support, including spare parts, equipment upgrades, maintenance services and customer training. About Eaton Corporation Eaton Corporation, with 1999 sales of $8.4 billion, is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial and semiconductor markets. Principal products include electrical power distribution and control equipment, truck drivetrain systems, engine components, hydraulic products, ion implanters and a wide variety of controls. Headquartered in Cleveland, OH, the company has 64,000 employees and 195 manufacturing sites in 23 countries. 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