Mattson Technology Announces Filing of Shelf Registration Statement
December 23 2003 - 6:00PM
PR Newswire (US)
Mattson Technology Announces Filing of Shelf Registration Statement
Mattson and STEAG Electronic Systems Jointly Announce STEAG's
Intention to Reduce Ownership Position FREMONT, Calif., Dec. 23
/PRNewswire-FirstCall/ -- Mattson Technology, Inc. announced today
that it has filed a Form S-3 shelf registration statement with the
Securities and Exchange Commission. When effective, the
registration statement will allow Mattson to sell, from time to
time, up to $100 million of its common stock or other securities.
At the same time, Mattson and STEAG Electronic Systems AG of Essen,
Germany, today announced that STEAG intends to gradually reduce its
approximately 30 percent ownership in Mattson. "Having a shelf
registration in place gives us additional flexibility to sell
various types of securities and to move quickly to access capital
markets when we determine that favorable opportunities exist," said
Ludger Viefhues, chief financial officer of Mattson Technology. The
terms of any offering will be established at the time of any sale.
The company currently plans to use the net proceeds from any sale
of its securities for general corporate purposes, including working
capital. The shelf registration statement also covers future sales
of up to 5.9 million of the already outstanding shares of Mattson
Technology common stock owned by STEAG. STEAG plans to sell its
Mattson shares from time to time, subject to prevailing market
conditions and at STEAG's discretion. Neither a definitive time
frame for its sales nor a final ownership percentage has been
established by STEAG. STEAG is currently Mattson's largest
shareholder, holding 13.2 million of the 45 million outstanding
shares of Mattson. "Mattson Technology and STEAG have a strong
relationship," said Dr. Jochen Melchior, chief executive officer of
STEAG AG and chairman of the board of Mattson Technology. "However,
due to changes in the business direction of STEAG and its parent
company, and commitments of capital to other divisions, our
ownership position in Mattson has become less strategic. We will
work with Mattson to reduce this position over time." Robert Maire
of Semiconductor Advisors LLC of New York is providing assistance
and advisory services to STEAG regarding the reduction of its
ownership position in Mattson. A registration statement relating to
these securities has been filed with the Securities and Exchange
Commission, but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This announcement shall
not constitute an offer to sell or a solicitation of an offer to
buy nor shall there be any sale of these securities in any State in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
State. A written prospectus, when available, meeting the
requirements of Section 10 of the Securities Act may be obtained
from Investor Relations, Mattson Technology, Inc. 47131 Bayside
Parkway, Fremont, CA 94538. About STEAG Electronic Systems AG STEAG
Electronic Systems AG, headquartered in Essen, Germany, is a
holding company for activities outside the core energy business of
STEAG AG, its 100% owner. The company is the largest shareholder of
Mattson Technology, Inc. (semiconductor equipment); other
shareholdings include a 66% stake in STEAG HamaTech AG
(manufacturing equipment for optical storage media and photomasks)
and a 100% stake in STEAG Electronic Systems spol. s.r.o.
(manufacturing equipment for optical storage media and
semiconductor wafer processing). About Mattson Technology, Inc.
Mattson Technology, Inc. is a leading supplier of semiconductor
wafer processing equipment used in "front-end" fabrication of
integrated circuits. The company is a market leader in dry strip
and RTP equipment, and its products combine advanced process
technology on high-productivity platforms backed by
industry-leading support. Since beginning operations in 1989, the
company's core vision has been to help bring technology leadership
and productivity gains to semiconductor manufacturers worldwide.
Headquartered in Fremont, Calif., the company maintains sales and
support centers throughout the United States, Europe and Asia. For
more information, please contact Mattson Technology, Inc., 47131
Bayside Parkway, Fremont, Calif. 94538. Telephone: 800-MATTSON/
510-657-5900. Fax: 510-492-5911. Internet: http://www.mattson.com/.
CONTACT: Ludger Viefhues, CFO, of Mattson Technology, Inc.,
+1-510-492-5954, or fax, +1-510-492-5963, or . DATASOURCE: Mattson
Technology, Inc. CONTACT: Ludger Viefhues, CFO, of Mattson
Technology, Inc., +1-510-492-5954, or fax, +1-510-492-5963, or Web
site: http://www.mattson.com/
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