Trikon Reports Results Of Annual Stockholders Meeting.Business & Technology Editors NEWPORT, Wales, United Kingdom--(BUSINESS WIRE)--June 8, 2000 Trikon Technologies, 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 : TRKN ) held its annual meeting of stockholders on May 31, 2000. At the meeting, Trikon's slate of nominees for the board of directors, Messrs. Christopher Dobson, Nigel Wheeler, Richard Conn, and Robert Anderson, was elected to serve until the next annual meeting of the stockholders. In addition, the nominee of the holders of Trikon's Series H Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , Mr. Stephen Wertheimer, was also elected to the board of directors to serve until the next annual meeting of the stockholders. The stockholders adopted all of the other proposals before the meeting, including the proposal to amend Trikon's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase the authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of common stock to 15,000,000. As discussed at the meeting, Trikon expects to utilize its net operating loss carryforwards Net operating loss carryforwards Application of losses to offset earnings in future years. to offset anticipated net income in fiscal year 2000, but Trikon expects to incur approximately $1,000,000 in tax liability in Germany, where it can not utilize the net operation loss carryforwards. About Trikon Technologies: Trikon Technologies, Inc. (www.trikon.com) is positioned at two technology frontiers in the equipment industry based on solid production experience earned over 30 years. Trikon offers enabling production equipment for the manufacture of Gigahertz silicon and broadband wireless and optoelectronics communications devices. Trikon's patented, `patent applied for' and proprietary technologies are delivered on equipment platforms used worldwide for volume production. Trikon operates and manufactures at an 115,000sq.ft. facility featuring world-class facilities and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 (quality) and ISO1401 (environmental) registration. Trikon has patents and patents pending on Flowfill(TM) and Low K Flowfill(TM) and related processes and continues to develop low-k chemistries and processes for advanced applications. Trikon provides a broad line of advanced manufacturing systems used for three of the major processing steps in the manufacture of a semiconductor device: chemical vapor deposition (CVD CVD Cardiovascular disease, see there ), 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 ) and plasma etch. Products include: Low K Flowfill(TM) for advanced low-k insulator deposition, Sigma(R) fxP for advanced metal deposition including barrier layers and M0RI(TM) high-density plasma etchers. "Safe Harbor" Statement Under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995: This news release contains certain forward-looking statements, including, but not limited to, statements relating to Trikon's financial results, the continued strength in demand for semiconductor production equipment and the status of Trikon's products and their acceptance in the marketplace. These forward-looking statements are subject to various risks and uncertainties that could cause results to differ materially, including, but not limited to, (1) that the semiconductor industry will experience conditions, such as changes in demand for various types of semiconductors, that will affect the demand for semiconductor production equipment and Trikon's products and that (2) Trikon will not adequately respond to technological developments impacting the semiconductor industry. These factors are not intended to represent a complete list of all risks and uncertainties inherent in the Company's business, and should be read in conjunction with the more detailed cautionary statements included in the company's SEC reports, including, without limitation, its annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. |
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