SOURCE: Mattson Technology, Inc.

Mattson Technology, Inc.

May 10, 2011 16:22 ET

Mattson Technology, Inc. Announces Proposed Public Offering of Common Stock

FREMONT, CA--(Marketwire - May 10, 2011) - Mattson Technology, Inc. (NASDAQ: MTSN) today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The offering is expected to price on or about Wednesday, May 11, 2011. Needham & Company, LLC is acting as sole book running manager and Rodman & Renshaw, LLC and Roth Capital Partners are acting as co-managers for the offering.

Mattson Technology intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, other corporate expenses, and acquisitions of complementary products, technologies or businesses.

A shelf registration statement relating to the shares of common stock was previously filed with the Securities and Exchange Commission (the "SEC") and declared effective on September 30, 2010. A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, (800) 903-3268.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995:
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Mattson Technology will be able to raise capital through the sale of shares of common stock or consummate the offering, the final terms of the offering, the satisfaction of customary closing conditions, prevailing market conditions, the anticipated use of the proceeds of the offering which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. Additional risks and uncertainties relating to the proposed offering, Mattson Technology and its business can be found under the heading "Risk Factors" in Mattson Technology's Quarterly Report on Form 10-Q for the quarter ended April 3, 2011 and in the preliminary prospectus supplement relating to the proposed offering filed with the Securities and Exchange Commission. Mattson Technology assumes no duty or obligation to update or revise any forward-looking statements for any reason.

About Mattson Technology, Inc.
Mattson Technology, Inc. designs, manufactures and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits. We are a leading supplier of plasma and rapid thermal processing equipment to the global semiconductor industry, and operate in three primary product sectors: dry strip, rapid thermal processing and etch. Through manufacturing and design innovation, we have produced technologically advanced systems that provide productive and cost-effective solutions for customers fabricating current- and next-generation semiconductor devices.

Contact Information

  • Mattson Technology Contact
    Andy Moring
    Chief Financial Officer
    Mattson Technology, Inc.
    tel 510-657-5900
    fax 510-492-5963
    andy.moring@mattson.com

    Investor & Media Contact
    Laura Guerrant-Oiye
    Principal
    Guerrant Associates
    tel 808-882-1467
    lguerrant@guerrantir.com