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Exhbit 99.1
[LOGO OF A T M I]
For Immediate Release
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A T M I ACQUIRES ESCA, INC.
Enhances Microelectronics Services, Logistics, and Management Capabilities
DANBURY, CT -- July 10, 2000 --A T M I, Inc. (Nasdaq: ATMI), today
announced it has acquired ESCA, Inc. and ESCA Ireland, Inc. (together, ESCA) of
Albuquerque, New Mexico in a pooling of interests transaction valued at
approximately $17 million. A T M I exchanged 369,505 shares of its common stock
for all interests in ESCA.
Doug Neugold, A T M I's President, said, "A T M I is one of the
semiconductor industry's leading suppliers of performance materials and
technologies used in semiconductor fabrication processes. In response to the
trends we observe in the industry -- notably a desire to outsource certain
functions --A T M I will provide additional value added services to complement
our excellent technology. Adding ESCA's capabilities in process tool servicing
and support to our existing materials, process, and environmental services
business allows A T M I to further its intent of becoming the company the
semiconductor industry turns to for innovative materials and related
technologies and services."
Thomas Barr, President of ESCA, said, "Since ESCA's inception, my brother
Chris and I have focused on creating a company that is capable of meeting the
stringent requirements of the global semiconductor industry. By investing in
operations and quality infrastructure, and creating a model that gives our
customers confidence through data, our customers realize substantial value-added
from reduced consumable parts inventory, lifetime and most important, part
-more-
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A T M I Acquires ESCA, Inc. -- Page 2
performance in process. Joining A T M I allows us to further enhance our
offering, and provides capital resources and distribution opportunities to meet
the ever-increasing needs of our global customer base."
ESCA, Inc., founded in 1996, and its affiliated companies, are considered
one of the market leaders in environmentally safe cleaning services for the
global microelectronics industry. Privately owned, ESCA has additional sites in
Dallas, Texas; Phoenix, Arizona; Portland, Oregon; and has operations in
Ireland. It had consolidated revenues of approximately $6 million in its fiscal
year ended September 1999, and employs nearly 70 people on a consolidated basis.
A T M I provides specialty materials and related equipment systems and
services for the worldwide semiconductor industry. Related equipment includes
delivery, treatment, monitoring, and analytical process monitoring systems.
Services include material management, equipment servicing, and thin film wafer
deposition.
Statements which are not historical information are forward looking, and
involve risks and uncertainties, including, but not limited to: changes in
semiconductor industry growth or A T M I's markets; competition, problems, or
delays developing and commercializing new products; problems or delays in
integrating acquired operations and businesses into A T M I; and other factors
discussed in A T M I's filings with the Securities and Exchange Commission. Such
risks and uncertainties could cause actual results to differ from those
projected.
http://web.atmi.com
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For more information contact:
Dean Hamilton
A T M I
203/794-1100
[email protected]
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