Varian Semiconductor Awarded Service Contract for 300mm VIISta Single Wafer Implanters by Major U.S. Chipmaker
$16M Contract to Provide Support for Five Years
GLOUCESTER, Mass.--(BUSINESS WIRE)--May 29, 2002--Varian Semiconductor Equipment Associates, Inc. (Nasdaq: VSEA - News), the leading supplier of ion implantation systems, today announced that a major U.S. chipmaker awarded a $16 million, five-year service contract to the Company.
Varian Semiconductor will provide complete service and support for their all VIISta single wafer ion implanters at this 300mm wafer processing fab.
"Receiving a service contract of this magnitude clearly demonstrates our customer's confidence in our ability to deliver superior parts, labor, service and preventative maintenance support," said Walt Sullivan, Varian Semiconductor's vice president of customer operations and chief information officer. "Customers rely on us, as the leader in customer satisfaction, to provide exceptional service, keeping their VIISta single wafer platform tools running at peak performance."
This contract includes world-class 24x7, 365 days-a-year support by VSEA's onsite engineers dedicated to this customer. "The combination of our team of fab-based engineers with factory personnel and our corollary spare parts and test equipment, gives us the flexibility to offer our customer a custom, turn-key solution to meet all of their requirements to produce next generation products," remarked Sullivan.
About Varian Semiconductor
Varian Semiconductor Equipment Associates is the leading producer of ion implantation equipment used in the manufacture of semiconductors. The company is headquartered in Gloucester, Massachusetts, and operates worldwide. Varian Semiconductor maintains a web site at www.vsea.com. The information contained in our web site is not incorporated by reference into this release, and our web site address is included in this release as an inactive textual reference only.
Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the company's expectations regarding the customer discussed in this release are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the company's customers; significant fluctuations in the company's quarterly operating results; the impact of rapid technological change and the company's dependence on the development and introduction of new products; the company's concentration on ion implantation systems and related products; concentration in the company's customer base and lengthy sales cycles; the highly competitive market in which the company competes; risks of international sales; foreign currency risks; general economic conditions; and other factors identified in the company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The company cannot guarantee any future results, levels of activity, performance or achievement. The company undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
