Tegal Receives Multi-Tool Etch Upgrade Order from Leading Hard Disk Drive Maker
June 12 2007 - 9:00AM
Business Wire
Tegal Corporation (Nasdaq: TGAL), a leading designer and
manufacturer of plasma etch and deposition systems used in the
production of integrated circuits, MEMS, nanotechnology, and
magnetic storage devices, today announced it has received a
multi-tool order for plasma etch system upgrades from a leading
global manufacturer of hard disk drives. The system upgrades will
be installed in the customer�s North American and Southeast Asian
manufacturing facilities, and will be used to enhance production of
hard disk drives for consumer electronic and mobile storage
applications. �Tegal won this order on the basis of our
demonstrated technical capabilities, our ability to provide field
support across the globe on our installed base of plasma etching
tools, and our ability to support the unique and demanding
requirements of hard disk drive manufacturing,� said John Almerico,
Tegal Corporation�s Marketing Director for Etch Products. �Tegal�s
magnetic storage customers, such as this global hard disk drive
maker, are continuing to invest in production capacity, and in
manufacturing technology, to support the double-digit growth demand
for magnetic storage products. Tegal has etch capabilities for the
hard disk drive market in both font-end wafer fabs and in back-end
slider fabs, and we are continuing, with our customers�
encouragement and side-by-side participation, to bring new plasma
etching tools and processes into this important market.� The hard
disk drive market is expected to grow from the 400 million units
shipped in 2006 to more than 600 million units per year in 2009 and
2010. Along with the year-on-year double-digit growth in shipped
units, the hard drive industry will also benefit from the recent
trend of consumers purchasing large-capacity hard disk drives to
support the data storage needs of the �Terabyte Home.� Terabyte
Home data storage allows consumers easy central access to their
recorded television programs, movie and video collections, digital
image files, and music libraries, and is expected to an be
increasingly important part of the home entertainment industry.
Safe Harbor Statement Except for historical information, matters
discussed in this news release contain forward-looking statements
within the meaning of Section 27A of the Securities Act and Section
21E of the Exchange Act. Forward-looking statements, which are
based on assumptions and describe our future plans, strategies and
expectations, are generally identifiable by the use of the words
"anticipate," "believe," "estimate," "expect," "intend," "project"
or similar expressions. These forward-looking statements are
subject to risks, uncertainties and assumptions about the Company
including, but not limited to industry conditions, economic
conditions, acceptance of new technologies and market acceptance of
the Company's products and services. All forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by the cautionary statements in this
paragraph. For a further discussion of these risks and
uncertainties, please refer to the Company's periodic filings with
the Securities and Exchange Commission. About Tegal Tegal provides
process and equipment solutions to leading edge suppliers of
advanced semiconductor, MEMS, nanotechnology, and magnetic storage
devices. Incorporating unique, patented etch and deposition
technologies, Tegal�s system solutions are backed by over 35 years
of advanced development and over 100 patents. Some examples of
devices enabled by Tegal technology are energy efficient memories
found in portable computers, cellphones, PDAs and RFID
applications; megapixel imaging chips used in digital and cellphone
cameras; power amplifiers for portable handsets and wireless
networking gear; and MEMS devices like accelerometers for
automotive airbags, microfluidic control devices for ink jet
printers; and laboratory-on-a-chip medical test kits. For more
information about Tegal Corporation, visit: www.tegal.com
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