Systems sold into advanced packaging and flat panel display markets
Flanders, New Jersey (February 3, 2014)—Rudolph Technologies, Inc. (NYSE: RTEC) announced today it has received two orders for its lithography systems, totaling more than $11 million. Purchase orders include a repeat order for the JetStep™ Lithography System for advanced packaging (AP) applications and a repeat order for a PanelPrinter™ 9200 System for flat panel display (FPD) lithography. The orders were received in the fourth quarter of 2013, and came from customers who are presently using Rudolph’s lithography systems in volume production, both of whom foresee new capacity needs that require the Company’s lithography systems. The JetStep system was shipped in Q1 2014 and the PanelPrinter system is scheduled to ship before the end of 2014.
“This repeat JetStep order is further evidence of the growing acceptance that we are seeing for our lithography systems in back-end applications,” said Rich Rogoff, Vice President and General Manager of Rudolph’s Lithography System Group (LSG). “The requirements of those applications are very different from traditional front-end lithography, and our JetStep system delivers immediate, tangible benefits. The most obvious of these is the increase in throughput and resulting reduction in cost of ownership; but numerous other capabilities, tailored specifically to the needs of AP applications, provide additional improvements in yield and reliability. Our 2X reduction stepper is tailored for the specific, highly demanding lithography needs of advanced packaging processes, including large depth-of-field, long working distance and flexible substrate handling.”
“The PanelPrinter 9200 System addresses the demanding flat panel display (FPD) requirements of the mobile display industry,” said Elvino da Silveira, Chief Technical Officer of Rudolph’s Lithography Systems Group and Vice President and General Manager of the Display Products Business Unit. “The PanelPrinter 9200 is a well-established, step-and-repeat lithography tool, performing high-resolution imaging on panels up to Gen 4.5 (substrate size of 730mm X 920mm) in the flat panel display market. With multiple FPD systems in the field, including systems at four out of the top 10 display manufacturers, we are beginning to see signs that the market for new lithography systems may be bottoming as demand for displays of smartphones, tablets and Internet of Things rises.”
Rudolph will discuss these recent orders, among other topics, during its 2013 fourth quarter and year-end earnings conference call today at 4:30pm EST. To participate in the call, please dial (888) 603-6873 (Domestic) and (973) 582-2706 (International), and reference Conference ID #33666883. A live webcast will also be available on the Company’s website at www.rudolphtech.com.
For more information about Rudolph’s lithography systems, please visit Rudolph’s website www.rudolphtech.com.
About Rudolph Technologies
Rudolph Technologies, Inc. is a worldwide leader in the design, development, manufacture and support of defect inspection, advanced packaging lithography, process control metrology, and data analysis systems and software used by semiconductor device manufacturers worldwide. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down the costs and time to market of their products. The Company’s expanding portfolio of equipment and software solutions is used in both the wafer processing and final manufacturing of ICs, and in adjacent markets such as FPD, LED and Solar. Headquartered in Flanders, New Jersey, Rudolph supports its customers with a worldwide sales and service organization. Additional information can be found on the Company’s website at www.rudolphtech.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) which include the benefits to customers of Rudolph’s products, Rudolph’s existing market position and its ability to maintain and advance such position relative to its competitors and Rudolph’s ability to meet the expectations and needs of our customers as well as other matters that are not purely historical data. Rudolph wishes to take advantage of the “safe harbor” provided for by the Act and cautions that actual results may differ materially from those projected as a result of various factors, including risks and uncertainties, many of which are beyond Rudolph’s control. Such factors include, but are not limited to, delays in shipping products for technical performance, component supply or other reasons, the company’s ability to leverage its resources to improve its positions in its core markets and fluctuations in customer capital spending. Additional information and considerations regarding the risks faced by Rudolph are available in Rudolph’s Form 10-K report for the year ended December 31, 2012 and other filings with the Securities and Exchange Commission. As the forward-looking statements are based on Rudolph’s current expectations, the company cannot guarantee any related future results, levels of activity, performance or achievements. Rudolph does not assume any obligation to update the forward-looking information contained in this press release.
Steven R. Roth
Senior Vice President & CFO