We would like to highlight Mattson Technology, Inc. (NASDAQ: MTSN). The company is the leading supplier of dry strip equipment and the second largest supplier of rapid thermal processing equipment in the global semiconductor industry. The Company's strip and RTP equipment utilize innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices.
Mattson Technology, Inc. announced that Andy Moring, the company’s chief financial officer, recently conducted a presentation at the 2008 Citi Investment Research Technology Conference at the Hilton New York Hotel in New York City. Mattson Technology is a leading supplier of dry strip and rapid thermal processing equipment to the global semiconductor industry.
Founded in 1988 and headquartered in Fremont, California, the company’s strip and RTP equipment utilizes innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices. Mattson is currently expanding into the etch market with state-of-the-art products targeting high-volume dielectric etch applications. The company’s management team expects that entry into these new markets will enhance revenue and profitability gains.
During his presentation Mr. Moring explained, “We are a strong company in the two markets that we currently support, but we believe that we can take our products into new etch markets that will provide significant earnings going into the next cycle. The etch market is expected to be $2.2 billion by 2010.” Further commenting on the company’s growth initiatives, Mr. Moring added, “By 2010, our target model is $475 million in sales and operating margins of 15 percent, which would be significant in our segment.”
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Forward-Looking Statement:
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