MENLO PARK, CA, DECEMBER
3,
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 an injunction has been entered by the court with respect to
patent infringement claims brought against UCT by Celerity, Inc.,
requiring it to cease the manufacturing and sale of its Predator™ product.
In addition, the court entered a judgment awarding Celerity reasonable
royalty damages and pre-judgment interest ($13,900.00 and $523.91
respectively through June, 2007), as well as Celerity's costs
in the litigation, which the Company does not expect to be material.
The judgment is not expected to have a material adverse effect on
UCT's operating results or financial condition.
This judgment follows the jury's verdict in June 2007 finding
that UCT infringed one of the two patents at issue in the trial,
but did not infringe the other. Prior to the trial, UCT had
been granted summary judgment of non-infringement of four of Celerity's
patents, and Celerity had voluntarily dismissed other asserted claims. In
addition, the U.S. Patent Office has already granted UCT's request
to reexamine the patent at issue based on substantial new questions
of patentability raised by prior art not considered by the Patent
Office during the initial examination of the patent.
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.uct.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 September
28, 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. |