Eteris(TM) to be focused on creating and
enabling technology innovations that improve the way people
live
SAN FRANCISCO and TOKYO, July 7, 2014 - Applied
Materials, Inc. (NASDAQ: AMAT) and Tokyo Electron Limited (TSE:
8035) today unveiled the new name and logo of their combined
company which will be used once the merger closes. Derived from the
concept of eternal innovation for society,
Eteris(TM) [pronounced: eh-TAIR-iss] embodies the spirit of
what will drive the new company and speaks to what makes the
combination unique.
"The new name for our combined company builds on
the strong legacies of Applied Materials and Tokyo Electron,
creating something even greater than the sum of the two," said
Tetsuro Higashi, chairman, president and CEO of Tokyo
Electron. "At the time we announced our plans to merge, we said
this was a bold step forward for our industry. The name Eteris
demonstrates our commitment to a new and exciting future for our
company to create and enable technology innovations that improve
the way people live."
"Eteris is innovative and forward-looking and our
logo symbolizes expanding future opportunities driving a new era of
innovation and growth," said Gary Dickerson, president and CEO of
Applied Materials. "With a new name, mission and vision, we are
bringing our new company into focus so that we can move quickly,
execute our combined strategy and begin to create value as soon as
the merger closes."
Eteris captures the company's focus on innovations
that will enable its customers and move the industry forward. Core
to Eteris is the promise to leave a positive and lasting impact on
the world. Paired with the name is a bold logo that celebrates
Eteris' role in realizing the incredible possibility of technology.
At the heart of the mark, the bright green square symbolizes the
energy of the new company, the power of its technology and the
foundation of innovation it provides to enable customer success.
From the green foundation, bright colors and new dimensions expand,
representing the many innovations Eteris will make possible every
day. The logo represents expanding future opportunities that drive
new innovation and growth.
The unveiling of the new company's name and logo
are the latest milestones in the merger's progress. Last month the
stockholders of Applied Materials and Tokyo Electron declared
strong support for the combination. Approximately 99% of the shares
voting at the Applied Materials stockholder meeting and 95% of the
shares voting at the Tokyo Electron stockholder meeting voted to
adopt the proposed business combination. These results underscore
the value the combination brings to stockholders.
The closing of the business combination remains
subject to customary conditions set forth in the parties' Business
Combination Agreement, including review by regulators in various
countries. Applied Materials and Tokyo Electron expect the
transaction to close in the second half of 2014.
Forward-Looking
Statements
This communication contains forward-looking statements, including
but not limited to those regarding the proposed business
combination between Applied Materials and Tokyo Electron (the
"Business Combination") and the future performance of their
combined businesses. Forward-looking statements may contain words
such as "expect," "believe," "may," "can," "should," "will,"
"forecast," "anticipate" or similar expressions, and include the
assumptions that underlie such statements. These statements are
subject to known and unknown risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied by such statements, including but not limited to: the
ability of the parties to consummate the Business Combination in a
timely manner or at all; satisfaction of the conditions precedent
to consummation of the Business Combination, including the ability
to secure regulatory approvals in a timely manner or at all;
Applied Materials' and Tokyo Electron's ability to successfully
integrate their operations, product lines, corporate structures,
transfer pricing policies, technology and employees and realize
expected synergies, savings and growth; the level of demand for the
combined companies' products, which is subject to many factors,
including uncertain global economic and industry conditions, demand
for electronic products and semiconductors, and customers' new
technology and capacity requirements; Applied Materials' and Tokyo
Electron's ability to (i) develop, deliver and support a broad
range of products, expand their markets and develop new markets,
(ii) timely align their cost structures with business conditions,
and (iii) attract, motivate and retain key employees; and other
risks described in Applied Materials' filings with the
Securities & Exchange Commission, Tokyo Electron's filings with
the Financial Services Agency of Japan, and the registration
statement on Form S-4 filed with the SEC by TEL-Applied Holdings
B.V. and declared effective on May 13, 2014. All forward-looking
statements are based on management's estimates, projections and
assumptions as of the date hereof. Except as required under
applicable law, none of Applied Materials, Tokyo Electron or
TEL-Applied Holdings undertakes any obligation to update any
forward-looking statements.
About Applied
Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in
precision materials engineering solutions for the semiconductor,
flat panel display and solar photovoltaic industries. Our
technologies help make innovations like smartphones, flat screen
TVs and solar panels more affordable and accessible to consumers
and businesses around the world. Learn more at
www.appliedmaterials.com.
About Tokyo
Electron
Tokyo Electron Limited (TSE: 8035), established in 1963, is a
global supplier of semiconductor and flat panel display production
equipment, and a provider of technical support and services for
semiconductor, flat panel display and photovoltaic panel production
equipment worldwide. TEL has located research & development,
manufacturing, sales, and service locations all over the world.
http://www.tel.com
# # #
PHOTO
CAPTION:
Applied Materials CEO Gary Dickerson, left, and Tokyo Electron
Chairman and CEO Tetsuro (Terry) Higashi, right, unveil
'Eteris(TM),' the new name of their combined company once the
merger is approved, at an event on Monday, July 7, 2014, in San
Francisco, Calif.
Contact
Information:
Editorial/Media Contacts
Kevin Winston, Applied Materials Corporate Communications
(408) 563-5300
kevin_winston@amat.com
Tokyo Electron Limited
Public Relations Group
telpr@tel.com
Investor Relations Contacts
Michael Sullivan, Applied Materials Investor Relations
(408) 986-7977
michael_sullivan@amat.com
Tokyo Electron Limited
Investor Relations Dept.
telir@tel.com
PHOTO:Applied Materials & Tokyo
Electron unveil their new name, Eteris™
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Applied Materials via Globenewswire
HUG#1817050
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