MENLO PARK, CA,
JUNE 26, 2007 — Ultra Clean Holdings, Inc. (NASDAQ:
UCTT), the parent company of Ultra Clean Technology Systems and Service,
Inc. (UCT), a leading developer and supplier of critical subsystems
for the semiconductor capital equipment industry, announced today
that a verdict has been reached with respect to patent infringement
claims brought against it by Celerity, Inc. On June 25, 2007, a jury
found that UCT did not infringe one of the two patents at issue in
the trial, but did infringe the other. Prior to trial, the United
States District Court for the Northern District of California issued
a summary judgment that UCT did not infringe four of Celerity's patents
which Celerity claimed had been infringed by UCT. In addition, Celerity
had previously withdrawn claims of infringement by UCT of two of
its other patents.
Celerity had alleged that UCT's Predator™ gas delivery technology
infringed eight of Celerity's patents. However, Celerity ultimately
prevailed with respect to only one of the eight patents. The jury
awarded Celerity damages of $13,900. UCT's Predator had not reached
production, and accordingly the verdict will not have a material
adverse effect on UCT's operating results or financial condition.
"We respect the intellectual property rights of others,"
said Clarence Granger, Chairman and Chief Executive Officer of UCT. "We
are happy that we were vindicated with respect to seven of the patents
for which infringement was claimed, but were disappointed with
the jury's verdict on the eighth patent. We are currently reviewing
the decision with our counsel with a view toward making a determination
as to whether we will appeal the jury’s decision."
.
Ultra Clean Holdings, Inc. is a developer and supplier of critical
subsystems for the semiconductor capital equipment industry, focusing
on gas delivery systems. Ultra Clean offers its customers a complete
outsourced solution for gas delivery systems, improved design-to-delivery
cycle times, component neutral design and manufacturing and component
testing capabilities. Ultra Clean's customers are primarily original
equipment manufacturers of semiconductor capital equipment. The Company
is headquartered in Menlo Park, California. Additional information
is available at http://www.u ct.com.
This press release 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 Ultra Clean Holdings, Inc.'s current
views with respect to future events and financial performance. Ultra
Clean Holdings, Inc. uses words such as "anticipates," "believes," "plans," "expects," "future,"' "intends," "may," "will," "should," "estimates," "predicts," "potential," "continues" and
similar expressions to identify these forward-looking statements. All
forward-looking statements address matters that involve risks and
uncertainties. Accordingly, you should not rely on forward-looking
statements, as there are or will be important factors that could
cause our actual results, as well as those of the markets we serve,
levels of activity, performance, achievements and prospects to differ
materially from the results predicted or implied by these forward-looking
statements. These risks, uncertainties and other factors include,
among others, those identified in "Risk Factors," "Management's
Discussion and Analysis of Financial Condition and Results of Operations" and
elsewhere in our Annual Report on Form 10-K for the year ended December
31, 2006 and our Quarterly Report on Form 10-Q for the quarter ended
March 30, 2007 filed with the Securities and Exchange Commission.
Ultra Clean Holdings, Inc. undertakes no obligation to publicly update
or review any forward-looking statements, whether as a result of
new information, future developments or otherwise.
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