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Genus Wins ALD Repeat Order From
Leading Data Storage Company
Sunnyvale, Calif.-November 13, 2002-Genus, Inc's
(Nasdaq: GGNS) market diversification strategy again paid dividends
today as the company announced an order for an atomic layer deposition
(ALD) system from a leading data storage manufacturer. The LYNX2®
ALD system represents yet another repeat order for Genus' leading
ALD technology following last month's announcement of a repeat order
from the Japanese semiconductor consortium, Selete. The system will
be used in volume production of thin film heads (TFH).
"This order is another indication of the positive
performance of our installed ALD modules and is a great result for
Genus as we build up sales momentum in this quarter," stated Bill
Elder, chairman and CEO, Genus, Inc. "Not only is it a sign of tool
quality, but equally as important, it is a positive demonstration
of our ability to deliver and support our customers."
In late 2000, as part of its multi-phase ALD commercialization
plan, Genus announced its plan to target its ALD technology at TFH
applications, attempting to diversify markets served and lessen
the company's revenue reliance upon semiconductor equipment. To
date, Genus has sold ALD systems to three of the top four data storage
manufacturers, and earlier this year, qualified its ALD for production
in TFH manufacturing. Genus' ALD has since gone into volume production
in the TFH market.
Werner Rust, Genus' vice president of sales and
marketing commented, "The TFH business has been very good for Genus.
Not only is it a valuable source of income for the company when
other markets are down, but it also has given us a unique opportunity
to hone our skills in a production environment. In return, and with
our support, our TFH customers have extended their current manufacturing
process beyond what was possible with other deposition techniques,
in addition to experiencing greater yields at a lower cost of ownership."
About Genus
Genus, Inc. manufactures critical deposition processing products
for the global semiconductor industry and the data storage industry.
To enable the production of intricate micro-computer chips and electronic
storage devices, Genus offers its LYNX and StrataGem series production-proven
equipment for 200mm and 300mm semiconductor production, and offers
thin film deposition products for chemical vapor deposition (CVD),
atomic layer deposition (ALD), and pre-clean capabilities. Genus
is at the forefront of market and technology developments in the
ALD marketplace, which is gaining acceptance worldwide as a critical
technology for sub 0.13-micron production of computer chips and
electronic storage devices. Genus' customers include semiconductor
manufacturers located throughout the United States, Europe and the
Pacific Rim including Korea, Japan and Taiwan. Founded in 1981,
the company is headquartered in Sunnyvale, California. For additional
information visit Genus' web site at www.genus.com
NOTE: LYNX2®, LYNX3™
and StrataGem™ are trademarks of Genus, Inc
Forward-Looking Statements
This press release contains forward-looking statements regarding
the company's future financial and business performance. These forward-looking
statements are subject to a number of risks and uncertainties. These
contingencies include but are not limited to: actual customer orders
received by the company, the extent to which ALD technology is demanded
by the marketplace, the actual number of customer orders received
by the company, availability of components from suppliers, the timing
of final acceptance of products by customers, the financial climate,
accessibility to financing and fulfillment of closing conditions,
general conditions in the thin film equipment market and in the
macro-economy, and the influence of global political events. Genus
assumes no obligation to update this information. Additional risks
and uncertainties are discussed in the Management's Discussion and
Analysis of Results of Operations contained in Genus' Annual Report
on Form 10-K for the fiscal year ended December 31, 2001 and subsequent
quarterly reports on Form 10-Q filed with the Securities and Exchange
Commission.
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PRESS
CONTACT:
Dave Richardson
Positio Public Relations, Inc.
Tel: (650) 815-1006 Ext. 108
Fax: (408) 747-7199
Email: dave@positiopr.com
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COMPANY CONTACT:
Werner Rust
Genus, Inc
Tel: (408) 747-7140
Emal: wrust@genus.com
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