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addition, Celerity had previously withdrawn claims of infringement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.
|
