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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: ScotMcI who wrote (17778)	6/15/1998 2:18:00 PM
From: ScotMcI	Read Replies (2) \| Respond to of 25960

Cymer Expands Global Infrastructure Monday June 15, 10:59 am Eastern Time Company Press Release Cymer Expands Global Infrastructure New Subsidiary Established in Singapore to Support Growing Installed Base SAN DIEGO--(BUSINESS WIRE)--June 15, 1998--Cymer Inc. (NASDAQ:CYMI - news), the world's leading supplier of excimer laser illumination sources essential for deep ultraviolet (DUV) photolithography, today announced the opening of a new field office to provide direct service and support for the company's growing installed base in Singapore. This latest investment, together with Cymer's Japanese, Korean and Taiwanese subsidiaries, expands the company's reach in this key geographic region and further entrenches Cymer as the excimer laser market and technology leader. ''This facility enhances our value as the preferred supplier among DUV equipment manufacturers and end users in Asia by providing yet another local presence necessary to respond quickly and efficiently to customers' needs,'' said Pascal Didier, Cymer's senior vice president of worldwide customer operations. ''The expansion allows us to strengthen our closely-aligned partnerships with key customers in Singapore to prepare for the growth opportunities the Singapore marketplace affords.'' According to the Singapore Trade Development Board, Singapore currently has nine integrated circuit (IC) fabrication plants and hopes to grow this number to 25 by the year 2005. Singapore's purchase of IC fabrication equipment is expected to grow by 12% in 1998 alone. Cymer anticipates this growth will fuel the demand for the leading-edge DUV photolithography solutions essential in the manufacture of these sophisticated devices. To head this effort, Jean-Claude Rabouin has been appointed as Singapore country manager reporting to John Shin, vice president, Asia-Pacific. In addition to overseeing the activities of the subsidiary's field service, technical support and logistics personnel, Rabouin, formerly Asia sales logistics manager for Gasonics, will work directly with customers in the region to ensure that Cymer's existing and emerging DUV laser solutions address their highly complex manufacturing requirements. The expansion into Singapore is the latest step in Cymer's ongoing program to enhance customer satisfaction on a global scale. During the past year, the company has increased the number of its offices from four to nine and now has trained personnel and spare parts depots in 22 locations worldwide to enable timely support to customers on three continents. During this same time, Cymer has more than tripled the number of customer support and service personnel. Cymer Singapore Pte. Ltd. is a wholly-owned subsidiary, strategically situated at the edge of Singapore's central business district in close proximity to several leading fabs. It is located at: 101 Thomson Road #23-01 United Square Singapore 307591 Phone: 65-2599792/Fax: 65-2599036 Cymer Inc. is the world's leading supplier of excimer laser illumination sources, the essential light source for deep ultraviolet (DUV) photolithography systems. DUV lithography is a key enabling technology which has allowed the semiconductor industry to meet the exact specifications and manufacturing requirements for volume production of today's advanced semiconductor chips. Further information on Cymer may be obtained from the company's SEC filings, the Internet at cymer.com or by contacting the company directly. -------------------------------------------------------------------------------- Contact: Cymer, Inc. Leslie Cole, 619/451-7149 Marie C. Burke, 619/618-5232 or MCA Marie Labrie, 650/968-8900 --------------------------------------------------------------------------------