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News
Release
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Tegal
Corporation 2201
S.
McDowell Blvd., Petaluma, CA 94954 [T] (707) 763-5600 [F] (707) 765-9311
www.tegal.com
TEGAL
ANNOUNCES NEW CHAIRMAN OF THE BOARD
San
Jose, Calif., October 31, 2006 —
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 the appointment of Thomas R. Mika to
its
Board of Directors and to the position of Chairman of the Board, effective
immediately. The Company also announced that Ralph Martin and Brad Mattson
resigned from their positions as members of the Board of Directors during a
regularly scheduled meeting held yesterday. Duane Wadsworth will assume the
position of “Lead Independent Director” at Tegal.
Mr.
Mika
has served as President and Chief Executive of Tegal since March 2005. He has
more than 25 years of senior management, finance and consulting experience.
Prior to his appointment as President and Chief Executive, Mr. Mika served
as
Executive Vice President & Chief Financial Officer of Tegal. Mr Mika has
previously served on Tegal’s Board of Directors from 1992 until his appointment
as Executive Vice President & Chief Financial Officer in August 2002.
“We
are
pleased to welcome Tom Mika to the Board of Directors and to the Chairman
position,” said Duane Wadsworth, Lead Independent Director at Tegal. “Tom’s
contributions to Tegal over the years have been exemplarily and we look forward
to his leadership under this expanded role. We also want to thank Ralph Martin
and Brad Mattson for their contributions to Tegal and wish them well in their
future endeavors. Tegal remains focused on achieving its growth objectives
and
returning to strong financial performance.”
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
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: www.tegal.com
Company
Contact:
Tegal
Corporation
Christine
T. Hergenrother
Vice
President & Chief Financial Officer
(707)
763-5600
info@tegal.com
Agency
Contact:
The
Blue
Shirt Group
Rakesh
Mehta, 415/217-7722
Chris
Danne, 415/217-7722
###