ATMI Sells Treatment Systems Business to Applied Materials
December 16 2004 - 4:00PM
PR Newswire (US)
ATMI Sells Treatment Systems Business to Applied Materials DANBURY,
Conn., Dec. 16 /PRNewswire-FirstCall/ -- ATMI (NASDAQ:ATMI), a
supplier of materials and materials packaging to the world's
leading semiconductor manufacturers, today announced that it has
sold its environmental abatement equipment business, headquartered
in San Jose, California, to Applied Materials, the leading supplier
of equipment and services to the global semiconductor industry.
Gene Banucci, ATMI Chief Executive Officer, said, "With the sale of
the treatment systems business, ATMI has successfully completed its
plan to divest its discontinued operations during 2004. With the
largest installed base of abatement treatment systems in the
semiconductor industry, it was critically important for ATMI to
support its customers by finding a buyer that was capable of
providing world-class service capability. Further, we wanted to
maximize the opportunity for the retention and growth of the ATMI
employees who are staying with this business. We believe Applied
Materials is the optimum buyer on both counts." Dan Sharkey, ATMI
Chief Financial Officer, said, "This sale will complete the
divestment of our six Technologies businesses. Now, ATMI's business
model has been completely transformed into one of sustainable
growth and profitability. We will book a small gain on the sale of
this business and will have sold six businesses during 2004 for
total cash proceeds of approximately $100 million. The divested
operations include the Gallium Nitride venture to Cree; the Life
Safety Systems unit to First Technology, a division of City
Technology; Epitaxial Services to International Rectifier; Fab
Services to Materials Support Resources; the Emosyn smartcard
business to Silicon Storage Technology; and with this sale, the
Abatement Equipment business to Applied Materials." ATMI provides
specialty materials and materials packaging to the worldwide
semiconductor industry. As the Source of Semiconductor Process
Efficiency, ATMI helps customers improve wafer yields and lower
operating costs. For more information, please visit
http://atmi.com/. Statements contained herein that relate to ATMI's
future performance, including, without limitation, statements with
respect to ATMI's anticipated results of operations or level of
business for 2004, 2005, or any other future period, are
forward-looking statements within the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements
are based on current expectations only and are subject to certain
risks, uncertainties, and assumptions, including, but not limited
to: changes in semiconductor industry growth or ATMI's markets;
competition, problems, or delays developing and commercializing new
products; problems or delays in integrating acquired operations and
businesses into ATMI; problems or delays associated with any
restructuring activity, or implementing any strategy, including
resolution of the various discontinued elements of ATMI's
Technologies segment; and other factors discussed in ATMI's filings
with the Securities and Exchange Commission. Such risks and
uncertainties could cause actual results to differ from those
projected. ATMI undertakes no obligation to publicly update or
revise any forward-looking statements, whether because of new
information, future events or otherwise. DATASOURCE: ATMI, Inc.
CONTACT: Dean Hamilton, ATMI Investor & Public Relations,
+1-203-207-9349, Web site: http://atmi.com/
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