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Tegal Corporation (Nasdaq:TGAL), a leading designer and manufacturer of plasma etch and deposition systems used in the production of integrated circuits and nanotechnology devices, today announced that it has signed a sales and service representation agreement with Westpac Associates. The exclusive agreement, which covers an initial three-year period, calls for Westpac to assume responsibility for Tegal's sales and field service support operations in Korea.
"This agreement with Westpac is an additional step in our overall strategy to enhance our distribution and support services globally, and especially in Asia," said Thomas Mika, President and CEO of Tegal. "Westpac has a very good reputation and we know them well, since they were most recently the AMS representative in Korea and were at one time the representative for Sputtered Films, Inc., our PVD subsidiary. There are some very good signs of renewed demand for our specialized systems in Korea, so we look forward to actively selling in this market once again."
"We are excited about forming a partnership with Tegal in Korea," said Henry Kim, President of Westpac Associates. "Tegal has been successful with their etch and PVD products in many market applications in both global and Korean markets. We plan to continue this success and grow Tegal's presence in Korea through this new partnership."
About Tegal Corporation
Tegal provides process and equipment solutions to leading edge suppliers of advanced semiconductor and nanotechnology 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: http://www.tegal.com
About Westpac Associates
Founded in 1989, Westpac Associates is a full-service representation/distribution company in Korea. Westpac specializes in front-end process, packaging and metrology equipment for semiconductor, MEMS, LCD, LED and other electronics devices. Westpac provides sales, technical service for installations and warranty, distribution and related business consultation.
For more information about Westpac, visit: http://www.westpac.com
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.
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Murali Narasimhan (Vice President – Marketing),
The Blue Shirt Group
Rakesh Mehta or Chris Danne, 415-217-7722
Henry Kim (President), 408-243-8080
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