SCOTTS VALLEY, Calif., August 13, 2009—Aviza Technology, Inc., a supplier of
semiconductor capital equipment and process technologies for the global
semiconductor industry and related markets, and certain of its subsidiaries have
entered into a definitive agreement to sell certain assets to Sumitomo Precision
Products Co., Ltd. (“SPP”).
Pursuant to the terms of the agreement, Aviza has agreed to sell to SPP substantially all of Aviza’s assets related to its system, service, parts, spares and upgrade businesses for batch thermal products and technologies, atmospheric-pressure chemical vapor deposition (“APCVD”) products and technologies, physical vapor deposition (“PVD”) products and technologies, chemical vapor deposition (“CVD”) products and technologies, and plasma etch (“Etch”) products and technologies, as well as its service, parts, spares and upgrade business for atomic layer deposition (“ALD”) products and technologies. Aviza’s headquarters and batch systems manufacturing facilities in Scotts Valley, California and the property on which they are located are not being sold to SPP pursuant to the terms of the agreement.
In exchange for these assets, SPP has agreed to pay Aviza a purchase price
comprised of three components:
This press release contains forward-looking statements. These forward-looking statements are based on our management’s current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations, including the risk that we may fail to consummate the transactions contemplated by our agreement with SPP. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. These forward-looking statements include, but are not limited to, our current expectation about the aggregate principal amount of the non-recourse note, our belief that holders of our common stock will not receive any proceeds from the transactions contemplated by our agreement with SPP and all statements containing the words “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates” or “anticipates” or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. Many factors could cause actual results to differ materially from those projected in these forward-looking statements. We assume no obligation to update forward-looking statements. Certain risks and uncertainties related to the Chapter 11 process include risks that:
About Aviza Technology, Inc.
Aviza Technology, Inc. designs, manufactures, sells and supports advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets. The company’s systems are used in a variety of segments of the semiconductor market, such as advanced silicon for memory devices, advanced 3-D packaging and power integrated circuits for communications. Aviza’s common stock is publicly traded on the NASDAQ Global Market (NASDAQ GM: AVZA (changed to AVZAQ on June 19, 2009)). Aviza is headquartered in Scotts Valley, Calif., with manufacturing, R&D, sales and customer support facilities located in the United Kingdom, Germany, France, Taiwan, China, Japan, Korea, Singapore and Malaysia. Additional information about the company can be found at http://www.aviza.com.
SOURCE: Aviza Technology, Inc.
Aviza Technology, Inc. Patrick C. O'Connor, +1-831-439-6360 Chief Financial Officer Fax: +1-831-439-6320 email@example.com