Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > SPP Proposes Offer to Shareholders to Buy Back Control of STS

Surface Technology Systems plc (STS) today announced that Sumitomo Precision Products Co., Ltd (SPP), who currently owns 63% of STS' shares, officially put forward an offer to the other shareholders to buy back shares and regain control of the Company. SPP has stated its intention, subject to the level of acceptances of the offer, to seek to cancel the trading of the shares on the London Stock Exchange , and to re-register STS as a private company.

SPP Proposes Offer to Shareholders to Buy Back Control of STS

NEWPORT, UK | Posted on August 24th, 2007

Commenting on the offer Hisao Shiotani, Executive Vice President of Sumitomo Precision Products Co., Ltd said, "The SPP Directors believe there are considerable benefits to STS, such as enhanced critical mass and financial resources, in it being developed and funded as a wholly owned subsidiary and privately traded business."

As the former parent company of STS, SPP understands the company, their markets and their customers' requirements. They offer a wealth of industry experience and financial security which will allow STS to continue to improve their products and customer service.

Enquiry levels for the Pegasus system and the new 300mm tool remain encouraging, especially from worldwide production customers, and the Directors believe that the long term demand for the type of systems produced by STS will continue to grow.

Commenting on the offer Nigel Randall, Non-Executive Chairman of Surface Technology Systems plc said, "The Independent Directors now believe the future development of the Company's business will be better facilitated as a private company and as a wholly owned subsidiary of SPP."

Building on a firm base of technology accumulated over many years, SPP has expanded from its core field of aerospace products into more diverse areas such as equipment for semiconductor production, heat exchangers, industrial machinery employing hydraulic control and cryopumps. The company is headquartered in Japan with sales offices in many parts of the world. SPP is listed on the Tokyo Stock Exchange and as at 23 August 2007 had a market capitalisation of Yen29.72 billion (GBP130.50 million).

This press announcement is for information only, and not intended to, and does not constitute or form any part of, an offer or an invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction (including the USA) pursuant to the Offer or otherwise.


About Surface Technology Systems plc (STS)
STS designs and manufactures a range of highly specialized systems incorporating innovative technology used in the production of semiconductors and related devices and is a leader in plasma based etch and deposition technologies for processing non 'mainstream' semiconductor devices. STS serves a range of applications in several emerging sectors within the telecommunications, data storage, advanced packaging, MEMS and Nanotechnology.

STS is the market leader in deep silicon etching for the growing MEMS market, offering patent-protected technology. In addition, STS has a strong presence in each of its other served markets and distributes its process solutions worldwide through an experienced sales and service operation. The Group currently markets in over 30 countries and has an installed base of over 900 systems.

For more information, please click here

STS plc
Imperial Park
NP10 8UJ


Telephone Number 44 1633 652400
Fax Number 44 1633 652405

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Chip Technology

How nanoscience will improve our health and lives in the coming years: Targeted medicine deliveries and increased energy efficiency are just two of many ways October 26th, 2016

Nanoantenna lighting-rod effect produces fast optical switches October 24th, 2016

Unusual quantum liquid on crystal surface could inspire future electronics October 22nd, 2016

Scientists find technique to improve carbon superlattices for quantum electronic devices: In a paradigm shift from conventional electronic devices, exploiting the quantum properties of superlattices holds the promise of developing new technologies October 20th, 2016


How nanoscience will improve our health and lives in the coming years: Targeted medicine deliveries and increased energy efficiency are just two of many ways October 26th, 2016

Chad Mirkin receives nanotechnology prize in Russia October 26th, 2016

Imaging where cancer drugs go in the body could improve treatment October 26th, 2016

Precise quantum cloning: possible pathway to secure communication: Physicists create best ever quantum clones October 26th, 2016


Nanosciences: Genes on the rack October 21st, 2016

Smashing metallic cubes toughens them up: Rice University scientists fire micro-cubes at target to change their nanoscale structures October 20th, 2016

EM Resolutions announce the availability of Kleindiek Nanotechnik’s new cryo microgripper for cryo-FIB lift-out October 18th, 2016

The University of Applied Sciences in Upper Austria uses Deben tensile stages as an integral part of their computed tomography research and testing facility October 18th, 2016


GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project