news release:
DANBURY, Conn.--(BUSINESS WIRE)--Oct. 13, 1997--ATMI Inc.
(NASDAQ:ATMI), today announced the successful completion of its
Advanced Delivery & Chemical Systems (ADCS) and Lawrence
Semiconductor Laboratories acquisitions, following shareholder
approval at the annual meeting of Advanced Technology Materials Inc.
In these pooling of interests transactions, ATMI (a new holding
company) exchanged almost 5.5 million common shares for ADCS interests,
and issued about 3.7 million shares for Lawrence. Stephen Siegele,
former president of ADCS, will be appointed president of ATMI's ADCS
subsidiary, and will join ATMI's board of directors soon. Monte
Lawrence, founder of Lawrence Semiconductor, will also be joining
ATMI's board. Lawrence Semiconductor becomes a part of ATMI's
Epitronics Division, with Dr. Duncan Brown as president.
Gene Banucci, ATMI president, said, "ATMI's goal is to be a
leader in each semiconductor sector we serve. We achieved that with
our EcoSys (San Jose, Calif.) environmental equipment business last
year. Now, we have achieved that goal in both chemical vapor
deposition materials with ADCS (Austin, Texas) and in specialty
silicon epitaxy with our Epitronics business (Phoenix.)"
ATMI is a leading provider of advanced semiconductor materials
and environmental equipment. It is also developing next-generation
semiconductor devices based on its new materials technologies.
Statements which are not historical information are forward
looking and involve risks and uncertainties, including, but not
limited to: changes in semiconductor industry growth or ATMI's
markets; competition, problems, or delays developing and commercializing
new products, and other factors discussed in ATMI's filings with the
Securities and Exchange Commission.
atmi.com |
