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WESI Brings World-Class Distribution and Technical Support Capabilities, along with Local Expertise and Customer Base, to Tegal's Business Operations in China and Taiwan
Tegal Corporation (NASDAQ:TGAL), a leading designer and manufacturer of plasma etch and deposition systems used in the production of integrated circuits, MEMS, and nanotechnology devices, today announced that it has signed an agreement with WESI Technology (China) for sales distribution as well as service and technical support of Tegal's plasma etch and PVD products in China and Taiwan. WESI is a joint venture between WKK, founded in 1975, a publicly traded company specializing in the distribution of capital equipment and services in the Greater China market, and ECI Technology, Inc., the world leader in online chemical monitoring systems for VLSI dual damascene and wafer bumping plating processes.
Vahan Tchakerian, Vice President of Global Sales and Field Operations at Tegal Corporation, remarked, "With the signing of WESI as our China and Taiwan distributor, we at Tegal now have our global business house in order in all the important chip making regions of the world. We are very happy to be able to respond with greater effect, alongside our new distributor WESI, to the strong pull in China and Taiwan for Tegal's plasma etch and PVD products. Additionally, we will now be providing local support again to our customers in China and Taiwan. We will be servicing our large installed base of etch and PVD systems in this region using the more than 200 experienced sales and service team members WESI and WKK bring to our new China and Taiwan organization."
Marianna Rabinovitch, WESI's principal, expressed her company's enthusiasm about the agreement: "WESI is very selective in our representation of companies in Greater China. We are excited about having Tegal among our business partners, and we are looking forward to mutual success by capitalizing on this opportunity to represent Tegal and its products."
WESI, through its partner WKK Technology, has offices and support personnel throughout Mainland China, Taiwan and Hong Kong. WESI serves virtually every semiconductor manufacturing and semiconductor packaging customer in the region with a suite of capital equipment, materials, and technical support services, ranging from front-end process to back-end packaging.
Tegal will be co-exhibiting with WESI Technology in Hall 5, Booth 5159, at SEMICON China 2008, from 18 March 2008 through 20 March 2008.
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.
About Tegal Corporation
Tegal provides process and equipment solutions to leading edge suppliers of advanced semiconductor, MEMS, and nanotechnology devices. Incorporating unique, patented etch and deposition technologies, Tegalís 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.
About WESI Technology
Focusing on the Semiconductor, FPD, and Solar industries, WESI Technology represents International Processing Equipment suppliers in the Greater China markets. Based in Shanghai, WESI Technology has affiliated offices throughout Mainland China and Taiwan. WESI Technology distinguishes itself from other distributors with its deep understanding of China's market and its personnel's expertise in processing technology, as evidenced by its employees' numerous patents.
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Vahan Tchakerian, +1-707-763-5600
VP Ė Global Sales and Field Operations
The Blueshirt Group
Rakesh Mehta, +1-415-217-7722
Chris Danne, +1-415-217-7722
Chenting Lin, +86 13661858665
Director, Business Development, Greater China
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