|
LEADING US FORTUNE 100 COMPANY
SELECTS GENUS' ALD TECHNOLOGY FOR DATA STORAGE GROUP
COMMERCIALIZATION OF ALD FOR
SEMICONDUCTOR AND NON-SEMICONDUCTOR APPLICATIONS CONTINUES
SUNNYVALE, Calif.-April 2, 2002-Having broken into
the data storage market last year and recording subsequent successes,
Genus announced yet another new customer for its atomic layer deposition
(ALD) technology. Company CEO, Bill Elder, announced today that
a leading U.S. Fortune 100 company, which is a pioneer in computer
systems, storage applications and microelectronics, has selected
Genus' LYNX2® product line for use in its
data storage group. According to Elder, the order represents Genus'
third ALD customer in the data storage market, and overall an expanded
client base of nine for its advanced deposition technologies. Shipment
is scheduled for the second quarter of 2002.
"Acceptance of our ALD product lines for both semiconductor
and non-semiconductor applications continues to move along at a
rapid pace, further supporting our business strategy and adding
more weight to our belief and others' that acceptance of ALD technology
is forging ahead at a significant rate in 2002 as performance results
and cost benefits become apparent," noted Werner Rust, VP sales
and marketing. "Looking ahead to the future, we strongly adhere
to the belief that ALD's use in advanced thin film head (TFH) designs
alone will extend far beyond the 'gap' application, propelling it
to enabling technology status for TFH designs beyond the 100gb/in2."
During 2001, Genus reported double digit revenue
growth of 20 percent. In the fourth quarter 2001 conference call,
Genus indicated that expectations for 2002 are in the same growth
range as 2001 with most of that growth coming in the second half
of this year. This will be driven by continued penetration of ALD
sales into non-semiconductor markets as well as volume production
orders for ALD technology from the DRAM semiconductor market. Genus
also expects to continue to add top tier customers in the U.S. and
overseas in 2002 as ALD technology and its product lines continue
to gain acceptance.
"Our plan over the last 18 months has been to diversify
our target markets and lower our dependence on semiconductor-related
revenue," added Bill Elder, Genus' CEO. "With the semiconductor
market slowly emerging from recession we have been able to supplement
revenues and achieve continued growth by penetrating and dominating
the data storage market with our industry-leading ALD technology.
2002 will see Genus continue to grow revenues as we further penetrate
all markets and transition our technology into full commercial use
in the semiconductor industry by the end of the year."
About ALD
About ALD Both the semiconductor and data storage industries continue
to migrate toward products with higher density and higher topology.
As a result, conformality of deposited films has also become a critical
factor. With current technology unable to meet the degree of conformality
required to manufacture today's leading-edge technology, the use
of Genus' ALD technology in the data storage market has been adopted.
ALD enables manufacturers to extend current semiconductor and data
storage manufacturing processes by offering greater deposition conformality
in smaller feature components with higher aspect ratios.
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 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. LYNX2®
and LYNX3™ 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, the timing of final acceptance of products by customers,
the financial climate and accessibility to financing, 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/A for
the fiscal year ended December 31, 2000 and subsequent quarterly
reports on Form 10-Q filed with the Securities and Exchange Commission.
|
COMPANY CONTACT:
Shum Mukherjee
Genus, Inc.
Tel: (408) 747-7120 Ext. 1311
Fax: (408) 747-7198
pr@genus.com
|
|
EDITORIAL CONTACT:
Dave Richardson
Positio
Tel: (650) 815-1006 Ext. 101
Fax: (650) 815-1095
|
|