Rhetech, Inc. Appoints Spindrift Technology As Sales Representative in New England
COOPERSBURG, Pa.--(BUSINESS WIRE)--April 8, 2002--Rhetech, Inc., a wholly owned subsidiary of Semitool, Inc. (Nasdaq: SMTL - news) today announced the appointment of Spindrift Technology of Andover, Massachusetts, as the company's sales representative in New England.
``Spindrift will help bring Rhetech's high-value products and services to one of the United States' most diverse markets for semiconductor capital equipment,'' said Vince McGinty, President of Rhetech, Inc. `` In 10 years of successful business since its founding, Spindrift has developed significant customer relationships in New England, which will strengthen our sales program in the region''
Kenneth J. Pulaski, President of Spindrift, commented, ``Wet process technology has been Spindrift's focus since our founding. This new partnership with Rhetech builds on our core strength and will help us broaden the high technology solutions we're bringing to our customers.''
Rhetech, Inc. was established in 1993 and is a wholly owned subsidiary of Semitool, Inc. (Nasdaq: SMTL - news), a worldwide leader in the design, development, manufacture and support of high performance, single-wafer and multi-wafer batch wet chemical processing systems for use in the fabrication of semiconductor devices and advanced packaging. Rhetech sells and services fully remanufactured and restored Semitool Spin Rinser Dryers, Spray Solvent Tools, Spray Acid Tools, and Equinox single wafer processing systems. Rhetech, Inc, is Semitool's only factory-authorized remanufacturing and restoration services provider. For more information, please visit the company's website at www.rhetechinc.com.
Safe Harbor Statement
Except for historical information, the matters discussed in this news release include forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements relating to Rhetech's unique, high-value products, the demand for the processing tools and services supplied by Rhetech and the strengthening of its sales program in the New England region. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from those projected. In addition, Semitool's business is subject to several risks, including, but not limited to, the cyclicality in the semiconductor industry, fluctuations in Semitool's operating results, rapid technological change and market acceptance of Semitool's new products, as well as, other risk factors related to Semitool's business contained in its Annual Report on Form 10-K for the fiscal year ended September 30, 2001 and other filings with the Securities and Exchange Commission. Neither Semitool nor Rhetech assumes the obligation to update or supplement forward-looking statements that become untrue as a result of subsequent events.
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Contact:
Rhetech, Inc.
Vincent C. McGinty, 610/282-0105
vmcginty@rhetechinc.com
or
Investor Relations Partners, Inc.
Darlene Hershey, 973/535-8389
hershey@irpartners.com
or
Spindrift Technology
Mr. Kenneth J. Pulaski, 978/470-3400
kpulaski@spindrifttech.com |
