Tom... though the systems purchased would normally sell for ~$5M,
the press release specifically mentioned that the systems were
acquired through an upgrade program. i don't think this will mean
$5M in revenue.
marc
here is a copy of the release for those who didn't see it:
September 18, 1996
Lucent Technologies Purchases FSI Mercury Systems
MINNEAPOLIS, Sept. 18 /PRNewswire/ -- FSI International, Inc. (Nasdaq: FSII)
announced today that Lucent Technologies has purchased ten (10) MERCURY(R) surface
conditioning systems as part of a program that allows FSI customers to replace
prior-generation spray processing equipment with the most current model. The systems,
which replace nineteen FSI 2120 systems, will be used in Lucent's Reading, Penn. plant
for cleaning, etching and stripping processes.
"We are pleased that Lucent has chosen to replace their FSI 2120 systems with
state-of-the-art MERCURY MP systems," said Dale A. Courtney, FSI's Surface
Conditioning Division President. "Their per-square-foot capital productivity should
improve significantly while their cost of ownership is reduced. In addition, Lucent will
continue to experience the high return on investment of earlier FSI systems."
The MERCURY system, which typically sells for approximately $500,000, uses a
sequenced spray of chemicals to perform sub-micron cleaning, etching and photoresist
stripping applications. The system provides flexibility, reliability and other performance
advantages for manufacturing integrated circuits.
Lucent Technologies is a new company created as part of AT&T's restructuring into three
separate, publicly held companies. Its Microelectronics Group designs and manufactures
integrated circuits, optoelectronic components, power systems and printed circuit boards
for applications in the telecommunications and computing industries. In addition to
components, Lucent Technologies offers public and private networks, communications
systems and software and consumer and business telephone systems. Bell Laboratories is
the research and development arm of the new company.
The FSI Surface Conditioning Division designs and manufactures advanced, sub-micron
batch and single wafer cleaning systems that meet the full range of needs for the
semiconductor industry. In addition to MERCURY spray processors, the Division
manufactures EXCALIBUR(R) vapor phase processors and ARIES(TM)
CryoKinetic(TM) cleaning systems. The MERCURY and EXCALIBUR products are
among three FSI products that have won Semiconductor International's prestigious Best
Product Award. The Division's facilities are located in Chaska, Minn.
FSI International is a leader in producing automated processing equipment used by
semiconductor manufacturers for processing silicon wafers. The company develops,
manufactures, markets and services spray, vapor phase, and dry gas surface conditioning
systems, photoresist processing cluster tools and chemical management systems for use in
the fabrication of advanced semiconductor integrated circuits. FSI International's
customers include semiconductor manufacturers located throughout North America,
Europe, Japan and the Far East.
/CONTACT: Robin Oestreich, Media Relations, 612-448-8974, or Heide Erickson,
Investor Relations, 612-361-7648, both of FSI International/ |
