Re-organization — April 21, 2000 — Utratech Stepper Closes UltraBeam Business

SAN JOSE, CA—Ultratech Stepper has closed its UltraBeam Lithography business. The project focused on developing electron beam technologies for the photomask manufacturing industry. UltraBeam employs about 30 people and is based in Murray Hill, NJ.

According to the company, the decision is the best alternative for enhancing stockholder value. UltraBeam has generated no significant revenues. Ultratech will report a special charge for the discontinuation in its Q2’00 financial results.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.