Wednesday May 13, 11:00 am Eastern Time
Company Press Release
Plasma-Therm, Inc. Announces Co-Development Program with University of Wisconsin, Madison for Advanced Data Storage Process Development
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 13, 1998-- Plasma-Therm, Inc. (NASDAQ NMS ''PTIS'')announced today an agreement to develop advanced data storage processes with the Engineering Research Center for Plasma-Aided Manufacturing at the University of Wisconsin, Madison. The program, jointly funded by Plasma-Therm and a leading supplier of data storage products, will utilize Plasma-Therm's Inductively Coupled Plasma (ICP) technology for advanced process technology development.
Dr. Jay Sasserath, the Company's Vice President, Strategic Marketing, stated ''This is a very important program for Plasma-Therm and we are pleased to be associated with the University of Wisconsin. As a leading supplier of etch and deposition equipment to the data storage manufacturing industry, we've demonstrated our ICP product for a number of advanced processes to date. The results from this program will be beneficial in our effort to increase PTI's available product offering to the data storage industry, thus enhancing our position as the leading supplier of High Density Plasma (HDP) equipment to this market.''
Dr. Sasserath added, ''In addition to increasing our presence in the data storage industry, this development program may yield results applicable to processes used in two of the Company's other served markets, MicroElectroMechanical (MEMS) devices and Optoelectronics-Telecommunications. Once developed, these processes are expected to be important in Plasma-Therm's future strategic growth plans.''
The statements contained in this release which are not historical facts may be deemed to contain forward looking statements with respect to events, the occurrence of which involve risks and uncertainties, including without limitation, demand and competition for the Company's services and products and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings.
Plasma-Therm Inc., headquartered in St. Petersburg, Florida, is a leading producer of plasma process equipment primarily used by manufacturers requiring expertise in thin film etching and deposition. More information about PTI may be obtained by visiting our website at www.plasmatherm.com. |
