FERDINAND
SEEMANN JOINS TEGAL’S BOARD AS INDEPENDENT MEMBER
Company
Regains Compliance with NASDAQ Continued Listing Requirements
PETALUMA, Calif., December 10, 2009—Tegal Corporation,
(Nasdaq: TGAL) an innovator of specialized production solutions for the
fabrication of advanced MEMS, power ICs and optoelectronic devices today
announced the appointment of Ferdinand Seemann to its Board of
Directors. Mr. Seemann will serve on three standing committees of the
Board, including Audit, Compensation and Nominating/Governance.
Ferdinand
Seemann is currently the CEO of se2quel Partners LLC, a technology consulting
firm with offices in the USA, Europe, Middle East and Asia. With deep
roots in the semiconductor industry, se2quel is today also considered a leading
global utility-scale photovoltaic consulting firm. Before founding
se2quel Partners in 2003, Mr. Seemann held senior positions in several leading
technology companies, including Vice President of Lam Research Corporation,
Executive Vice President of Mattson Technology, President & CEO of Steag
Microtech and President and Owner of Seemann Engineering. Mr. Seemann started
his career as a process engineer at Wacker Siltronic in Germany. Mr.
Seemann holds a BSEE from the Fachhochschule Regensburg and mastered in “Novel,
cost efficient photovoltaic systems” in 1985.
"We are
delighted to welcome Ferdinand to our Board of Directors," said Thomas Mika,
Chairman, President and CEO of Tegal Corporation. “An inventor,
entrepreneur, experienced executive and industry leader, Ferdinand’s
achievements, particularly in the field of photovoltaics, are well known
throughout the sun belt countries, as well as in the USA and
Europe. His substantial business experience and his insight into
potential opportunities for Tegal Corporation will be extremely valuable as we
continue to look for new, attractive growth opportunities that can help drive
profitability as the capital equipment market begins to emerge from the
downturn.”
“Over the
last couple years, Tegal has made significant progress in focusing on some of
the more exciting future growth markets in the industry,” commented Ferdinand
Seemann. “I look forward to working with Tom and the rest of the
Board to continue this progress.”
On
December 10, 2009, the Company confirmed with The NASDAQ Stock Market that, as a
result of the appointment of Mr. Seemann to the Board, the Company had
satisfied all the conditions necessary to regain compliance with NASDAQ’s
independent directors requirement for continued listing as set forth in NASDAQ
Listing Rule 5606(b)(1) and NASDAQ’s audit committee composition requirements
for continued listing as set forth in NASDAQ Listing Rule
5605(c)(2)(A).
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.
Tegal is
an innovator of specialized production solutions for the fabrication of advanced
MEMS, power ICs and optoelectronic devices found in products like smart phones,
networking gear, solid-state
lighting, and digital imaging. The Company’s plasma etch and
deposition tools enable sophisticated manufacturing techniques, such as 3D
interconnect structures formed by intricate silicon etch, also known as Deep
Reactive Ion Etching (DRIE). Tegal combines proven expertise with practical
system strategies to deliver application-specific solutions that are robust and
reliable, and deliver exceptional process quality and high yields at a lower
overall cost of ownership. Headquartered
in Petaluma, California, the company has
more than 35 years of expertise and innovation in specialized technologies, over
100 patents, and an installed base of more than 1900 systems worldwide. Please
visit us on the web at www.tegal.com.
Tegal
Contact
Christine
Hergenrother
Vice
President – Finance and Administration
Chief
Financial Officer
Tel: +1
707 765-5616
Email:
chergenrother@tegal.com
or
The
Blueshirt Group
Chris
Danne
Tel: +1
415 217-7722
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