To: Sidney Street who wrote (1391 ) 5/10/2001 9:37:29 AM From: Proud_Infidel Read Replies (1) | Respond to of 1929 Varian Semiconductor Honored by Hyundai Electronics Industries Co., Ltd. -Hynix Semiconductor- GLOUCESTER, Mass.--(BUSINESS WIRE)--May 10, 2001--Varian Semiconductor Equipment Associates, Inc. (NASDAQ:VSEA - news), a leading supplier of ion implantation systems, today announced the company has received the Best Vendor Support Award from Hyundai Electronics Industries Co., Ltd. (Hynix Semiconductor), an industry-leading manufacturer of semiconductors. The award, presented once every calendar year, is part of Hyundai Electronics program to acknowledge the dedication of key equipment companies to Hyundai Electronics production success and specifically recognize supplier efforts in providing their fabrication lines with unsurpassed production support. The award was accepted on behalf of Varian Semiconductor by Wan-Jung Choi, assistant service manager. ``For 16 years, Varian Semiconductor has demonstrated a strong commitment to customer satisfaction, and we are pleased to present this award as a sign of our appreciation,'' stated Jun-Oh Kim, senior managing director of Hyundai Electronics. ``In particular, we wish to recognize Varian Semiconductor's assistant service manager, Wan-Jung Choi, for organizing and implementing a support plan that resulted in the delivery of timely production solutions at our plant in Seoul. Very few vendors are considered for this award, and we are pleased to present it to Mr. Choi and Varian Semiconductor.'' Varian Semiconductor currently supports a number of key fabs at Hyundai Electronics where the company has a large installed base of high current, medium current and high energy implanters. Commenting on the Varian Semiconductor support efforts, Yong-Kil Kim, vice president and general manager of Asia operations stated, ``Wan-Jung Choi has been a key part of the Varian Semiconductor operations team for over seven years, managing the medium current and high energy product lines at Hyundai Electronics. It is a high honor to receive the Best Vendor Support Award from Hyundai Electronics and we want to thank them for acknowledging Varian Semiconductor with this esteemed award.'' Ernest Godshalk, president and chief operating officer of Varian Semiconductor commented, ``We are proud to accept this award as a sign of our continuing commitment to being the industry leader in customer satisfaction. Providing the industry's leading integrated circuit production lines with superior customer support is a major focus at Varian Semiconductor and is part of our overall efforts to improve customer production by providing leadership in critical implanter technologies and technical support.'' Ernest Godshalk added, ``Varian Semiconductor believes that our people are our most important asset, and we are delighted that Wan-Jung Choi has been selected to receive this prestigious award from Hyundai Electronics on behalf of Varian Semiconductor.'' About Varian Semiconductor: Varian Semiconductor Equipment Associates is a 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 press 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 operating outlook, market share and technology leadership 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.