HAYWARD, CA,
and HILLSBORO, OR — January 21, 2009 (PR Newswire) — 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."
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.
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-Ångström
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 www.FEI.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 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.
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