DANBURY, Conn., April 9, 2014 (GLOBE NEWSWIRE) -- ATMI, Inc. (Nasdaq:ATMI), a global technology company and supplier of advanced materials solutions to the microelectronics industry, cut the ribbon on their new manufacturing facility in JangAn, South Korea today at a Grand Opening Ceremony in the Gyeonggi province. Key customers, local government dignitaries, ATMI executives and employees, and media members from the region were in attendance to mark the occasion. ATMI launched the expansion of its Korea operations in the Fall of 2012 with a groundbreaking ceremony for this new facility and with the opening of a new advanced technology center in Suwon. Officials from the Gyeonggi province and Hwaseong city governments had participated in that ceremony with ATMI executives and they did so again today for this event.
"We have made a lot of progress in the past 18 months," commented Senior Vice President and General Manager of ATMI's Microelectronics business Christian Kramer. "With the facility structures now in place, and qualifications underway, we are continuing the push to meet commitments to our customers, the Province and the people of South Korea. This is an effort of strategic and economic importance to many, so I am excited to see it reach operational status. I would like to thank the wonderful people from the local governing bodies and agencies for their support and our ATMI team members for their excellent efforts in making this a reality."
After a welcome speech by ATMI Chairman and CEO Doug Neugold, and statements and acknowledgements from the attending customers and government officials, all were treated to a site tour and hospitality.
Construction of the four main buildings of the manufacturing site is complete, and customer qualifications have commenced for ATMI's ion implant process products the Safe Delivery Source® (SDS®) and VAC® gas cylinder systems.
"We are looking forward to the capability this facility will provide us to fully support our customers on a local and regional level," noted Steve Jang, head of Korea operations for ATMI.
ATMI recently signed an agreement with industry peer Entegris, Inc. (Nasdaq:ENTG), wherein Entegris will acquire ATMI. The deal is expected to close in the second quarter of this year.
ATMI, Inc. provides specialty semiconductor materials, and safe, high-purity materials handling and delivery solutions designed to increase process efficiencies for the worldwide semiconductor, flat panel, and life sciences industries. For more information, please visit www.atmi.com.
Entegris provides a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in semiconductor and other high-tech industries. Entegris is ISO 9001 certified and has manufacturing, customer service or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at www.entegris.com.
Forward Looking Statements
Statements contained herein that relate to ATMI's future performance, including, without limitation, statements with respect to ATMI's anticipated results of operations or level of business for 2014 or any other future period, are forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations only and are subject to certain risks, uncertainties, and assumptions, including, but not limited to, changes in semiconductor industry growth (including, without limitation, wafer starts) or ATMI's markets; competition, problems, or delays developing, commercializing, and delivering new products; customer-driven pricing pressure; potential loss of key customers; problems or delays in integrating acquired operations and businesses; uncertainty in the credit and financial markets; ability to protect ATMI's proprietary technology; and other factors described in ATMI's Form 10-K for the year ended December 31, 2013 and other subsequent filings with the Securities and Exchange Commission. Such risks and uncertainties may cause actual results to differ materially from those expressed in our forward-looking statements. ATMI undertakes no obligation to update any forward-looking statements.
ATMI, Safe Delivery Source, SDS and NOWPak are trademarks or registered trademarks of Advanced Technology Materials, Inc., in the United States, other countries or both. Entegris is a trademark or registered trademark of Entegris, Inc.in the United States, other countries, or both.