Ultratech to buy Oraxion

July 6, 2006 – Ultratech Inc., a supplier of lithography and laser-processing systems used to manufacture semiconductors and nanotechnology devices, announced that it has entered into a non-binding letter of intent to purchase the assets of Oraxion Inc.

The transaction is subject to the negotiation of definitive agreements and other standard conditions. Oraxion makes capital equipment for surface metrology and stress analysis for the semiconductor industry. Ultratech said it believes the transaction will prove to be an important component of its strategic growth efforts.

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