SOURCE: Photon Dynamics, Inc.

January 09, 2008 09:00 ET

Photon Dynamics Announces Partnership With Ultra Clean Technology

Partnership Improves Operational Efficiencies of Company

SAN JOSE, CA--(Marketwire - January 9, 2008) - Photon Dynamics, Inc. (NASDAQ: PHTN), a global supplier utilizing advanced machine vision technology to provide market leading Liquid Crystal Display (LCD) yield enhancement systems and high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications, announced a plan to create a partnership with Ultra Clean Technology (NASDAQ: UCTT). Under the terms of the partnership agreement, Ultra Clean will manufacture, integrate and test major process modules on Photon Dynamics' ArrayChecker™ test products of all generations as well as the entire ArrayChecker test products of earlier generations. The first shipment of Photon Dynamics' test products out of Ultra Clean's Shanghai facilities is expected in the summer of 2008. The ArrayChecker product line is Photon Dynamics' market leading LCD array test system; which enables improved panel defect detection.

"The partnership with Ultra Clean is a further step in the Company's strategy to transition fixed costs to variable costs to better manage the LCD capital equipment business throughout the cycle," explained Jeffrey Hawthorne, president and chief executive officer of Photon Dynamics. "It will allow us to lower our manufacturing and shipping costs, while reducing the time-to-market of our mission critical ArrayChecker test systems, and will place us in closer proximity to our customers in supporting production ramp schedules." Hawthorne concluded, "All together, the Ultra Clean partnership improves the operational efficiencies of Photon Dynamics, and we are pleased to find a proven strategic partner who is highly equipped with manufacturing expertise and dedicated customer support."

About Photon Dynamics, Inc.

Photon Dynamics, Inc. is a global supplier utilizing advanced machine vision technology for market leading Liquid Crystal Display (LCD) flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics (NASDAQ: PHTN), visit its website at www.photondynamics.com.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. (Ultra Clean Technology) is a developer and supplier of critical subsystems for the semiconductor capital equipment industry. Having gained a global reputation for gas delivery systems, Ultra Clean now offers its customers a complete outsourced solution for liquid and gas delivery systems, and a growing list of critical subsystems. The company can facilitate improved design-to-delivery cycle times and offers component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers of semiconductor capital equipment. The Company is headquartered in Menlo Park, California. Additional information is available at the UCT web site www.uct.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release are forward-looking statements. These forward-looking statements are based on current expectations on the date of this press release and involve a number of uncertainties and risks. We use words such as "anticipate," "believe," "plan," "expect," "future," "intend," "may," "will," "should," "estimate," "predict," "continue" and similar expressions to identify these forward-looking statements. Accordingly, the actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors include, among others, those identified in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" under the caption "Factors Affecting Operating Results" in Photon Dynamics' Annual Report on Form 10-K for the year ended September 30, 2006 as filed with the Securities and Exchange Commission. As a result, actual results may differ substantially from expectations. Photon Dynamics undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Contact Information

  • Contacts:
    Corporation:
    Photon Dynamics, Inc.
    So-Yeon Jeong
    Vice President, Investor Relations and Marketing Communications
    (408) 360-3084
    Email Contact