HAYWARD, CA, OCTOBER
23,
2008 / PRNewswire-FirstCall / — Ultra Clean
Technology (Ultra Clean Holdings, Inc. - (Nasdaq: UCTT)), a leading
developer and supplier of critical subsystems for the semiconductor
capital
equipment, flat panel, solar and medical device industries, announced
today
it has entered into a partnership agreement with Cascade Microtech,
Inc.
(Nasdaq: CSCD) to manufacture Cascade Microtech's M150 probe station
products. In addition to the 150mm stations, the agreement allows
for
future manufacturing of 200mm probe stations. Production of the M150
is
expected to begin in one of Ultra Clean's U.S. based facilities in
the
fourth quarter of 2008 with volume production planned for the first
quarter
of 2009.
"Our M150 product line provides a cost-effective probing platform
for engineers with a wide variety of devices (ICs, bioMEMs, PCBs),
and a limited amount of funding. Partnering with Ultra Clean enables
Cascade Microtech to offer superior quality at a price that meets
our customer's budget," said Geoff Wild, Cascade Microtech's
President and CEO. "In
addition, securing a world-class outsource partner enables us to focus
on
technology development for next generation products and the introduction
of
our new high performance products, such as the Elite 300 probe station,
and
Edge Integrated Measurement System."
Ultra Clean will provide turnkey manufacturing for Cascade Microtech's
150mm Probe stations. This includes mechanical and electrical test
of over
30 different modules and final integration; ensuring high quality standards
for the end customer.
"We are very excited to be working with Cascade Microtech as
their new outsourcing partner," said Clarence Granger, Ultra Clean's
Chairman and
CEO. "At Ultra Clean, we provide high quality electromechanical
manufacturing capabilities at costs that rival those of offshore
manufacturers. Cascade Microtech highly values finding a domestic outsource
partner that could meet their cost target and provide closer coordination
and business efficiencies."
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 www.uct.com.
Cascade Microtech, Inc. (NASDAQ: CSCD) is
a worldwide leader in the
precise electrical measurement and test of integrated circuits (ICs)
and
other small structures. For technology businesses and scientific
institutions that need to evaluate small structures, Cascade Microtech
delivers access to, and extraction of, electrical data from wafers,
integrated circuits (ICs), IC packages, circuit boards and modules,
MEMs,
biological structures, electro-optic devices and more. Cascade Microtech's
leading-edge semiconductor production test probe cards and test sockets
reduce manufacturing costs of high-speed and high-density semiconductor
chips. Information about Cascade Microtech can be found on the Web
at www.CascadeMicrotech.com.
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 estimates
made
with respect to our third quarter revenue and diluted earnings per
share.
All forward-looking statements address matters that involve risks and
uncertainties. Accordingly, our actual results may 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 28, 2007 and quarterly
report on Form 10-Q for the quarter ended June 27, 2008, filed with
the
Securities and Exchange Commission. Ultra Clean Holdings, Inc. and
Cascade
Microtech, Inc. undertake no obligation to publicly update or review
any
forward-looking statements, whether as a result of new information
future
developments or otherwise. |