HAYWARD, Calif. and HILLSBORO, Ore., Jan. 21 /PRNewswire-FirstCall/ -- Ultra Clean Technology (Ultra Clean Holdings, Inc.) (Nasdaq: UCTT) and FEI Company (Nasdaq: FEIC) announced today they have signed a Global Supplier Agreement under which Ultra Clean will provide hosted manufacturing services in the FEI Hillsboro, Oregon facility. It is also anticipated that Ultra Clean's Asia operations will be utilized to produce some FEI sub-assemblies. The two companies are targeting the first quarter of 2009 for transfer of current product lines to Ultra Clean Technology operations.
Ultra Clean is a leading developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. FEI Company is a leading provider of high-resolution imaging and analysis systems.
Ultra Clean will provide turnkey manufacturing for products currently manufactured at FEI's Oregon facility, as well as new tools currently under development. This includes mechanical and electrical test of several different modules and final integration; ensuring high quality standards for the end customer.
"This agreement is an important part of the restructuring program we announced last spring," said Brian Pierson, senior vice president, worldwide operations, for FEI. "Our overall goals include material cost reduction, more effective use of our fixed assets, increased flexibility and currency balance. Working with high-quality partners such as Ultra Clean will help us reach those goals, while FEI focuses its energy on further technology leadership in growing life sciences, research and electronics markets."
"We are very excited to be working with FEI Company as their new outsourcing partner," said Clarence Granger, Ultra Clean's chairman and CEO. "This is an excellent opportunity to utilize our capabilities to extend into new markets".
David Savage, Ultra Clean's president and COO added "At Ultra Clean, we use our core skills to produce high quality, complex, electromechanical assemblies at a cost that rivals offshore manufacturers. FEI highly values finding a U.S. outsource partner that could meet their cost targets while providing close, local coordination and business efficiencies."
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Hayward, California. Additional information is available at http://www.uct.com.
About FEI Company
FEI Company is the world leader in pioneering technologies and applications that deliver imaging solutions for 3D characterization, analysis and modification/prototyping with resolutions down to the sub-Angstrom level. Our customers, working in advanced research and manufacturing, are supported by field-experienced applications specialists. They have open access to FEI's prestigious global user network so they can succeed in accelerating nanoscale discovery and contribute to better living through new product commercialization. FEI's NanoPorts in North America, Europe and Asia provide centers of technical excellence where our world-class community of customers and specialists collaborate on the ongoing development of new ideas and innovative solutions. FEI has sales and service operations in more than 50 countries around the world. More information can be found at: http://www.fei.com.
Safe Harbor Statement
The foregoing information contains, or may be deemed to contain, "forward- looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "believes," "plan," "expect," "future," "intends," "may," "will," "should," "estimates," "predicts," "potential," "continue" and similar expressions to identify these forward-looking statements. Forward looking statements included in the press release include expected cost savings for FEI, possible future product outsourcing and expectations of UCT regarding market diversification. All forward-looking statements address matters that involve risks and uncertainties and actual results may vary from those predicted or implied in the forward looking statements. The reasons results may vary include, but are not limited to, the failure by FEI or UCT to achieve the expected cost savings, failure of the parties to make effective transfer of manufacturing, failure of the parties to agree on future products to be outsourced, or failure of UCT to achieve expected market diversification due to an unsuccessful relationship with FEI. Other factors that could cause actual results to vary from the forward looking statements in this press release are detailed in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations'' and elsewhere in the respective filings by FEI and UCTs with the Securities and Exchange Commission ("SEC") including each party's respective 10-Ks, 10-Qs, 8-Ks as well as other filings with the SEC. Ultra Clean Holdings, Inc. and FEI Company, Inc., individually, undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.
|SOURCE Ultra Clean Holdings, Inc.|
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