<PAGE>
IBIS TECHNOLOGY CORPORATION RECEIVES APPROXIMATELY
$5 MILLION IN SIMOX-SOI WAFER ORDERS FROM
BOOKHAM TECHNOLOGY, ONE OF ITS LARGEST WAFER
CUSTOMERS
BUSINESS WIRE - JUNE 21, 2000 08:59
DANVERS, Mass. --(BUSINESS WIRE)--June 21, 2000--Ibis Technology Corporation
(NASDAQ:IBIS), a leading manufacturer and supplier of SIMOX-SOI (Separation
by IMplantation of OXygen/Silicon-On-Insulator) implantation equipment and
wafers for semiconductor manufacturers, today announced the receipt of
$5 million in SIMOX-SOI wafer orders from Bookham Technology, one of Ibis'
largest wafer customers. Bookham Technology plans to utilize the wafers for
their patented active silicon integrated optical circuits ("ASOC") process
to manufacture high quality integrated fiber-optic devices, such as optical
multiplexers for broadband Internet and other optical network applications.
"In recent years, telecommunications providers have increasingly relied on
fiber-optic networks to meet the capacity demands that the growth of the
Internet and dramatically increased network usage have created," said Andrew
Rickman, President and CEO of Bookham Technology." As a result, the market
for fiber-optic components is growing rapidly. Our patented ASOC technology
is designed to overcome the challenges inherent in fiber-optic network
systems." Ibis' wafers meet the quality and price requirements for Bookham
Technology's applications and Bookham's growing product demand is reflected
in their requirements for wafers.
"Ibis is very pleased with the growth that both Bookham Technology and Ibis
are experiencing as the demand for the SIMOX-SOI based optical devices are
driven by the Internet revolution. Bookham has been a valuable customer
during their development and introduction of their silicon based optical
products," said Martin Reid, President and CEO of Ibis Technology Corporation.
"We anticipate that Bookham Technology will remain a key customer as they
position themselves to become a leading global provider of integrated
optical circuits and modules to telecommunications and network system
providers."
"We are very excited that Bookham Technology's products incorporate our SIMOX
wafers and we are poised to support their growing requirements," commented Al
Alioto, Vice President of Sales and Marketing. As previously announced, Ibis
will add several more implanters this year, substantially increasing our
wafer production capacity, in order to satisfy this growing demand for
SIMOX-SOI wafers."
About Ibis Technology
<PAGE>
Ibis Technology Corporation is a premier manufacturer and supplier of
enhanced Silicon-On-Insulator substrates and equipment for the worldwide
semiconductor industry. The company is headquartered in Danvers,
Massachusetts and maintains an office in Aptos, California. Information about
Ibis Technology Corporation and SIMOX-SOI is available on Ibis's World Wide
Web site at HTTP://WWW.IBIS.COM.
About Bookham Technology
Bookham -Registered Trademark- Technology (LSE:BHM; Nasdaq:BKHM) designs,
manufactures and markets optical components which allow communications
networks to be constructed efficiently to meet the growing demands of
Internet traffic. Using patented silicon-based ASOC -Registered Trademark-
technology, the company's products generate, detect, route and control light
signals in the next-generation optical communication networks which are
currently being deployed by telcos, ISPs and large enterprises. The company,
which is quoted on Nasdaq and London Stock Exchange, is headquartered in the
UK and has offices in the US and Japan. More information on Bookham
Technology is available at HTTP://WWW.BOOKHAM.COM.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: This release may contain forward-looking statements that are subject to
certain risks and uncertainties including statements regarding Bookham
Technology's plans to utilize the Company's wafer in their optical
components, the Company's expectation that Bookham Technology will remain a
key customer, the growth of optical components and the effect of this growth
on the Company's revenue and results and the Company's ability to support the
anticipated growth. Such statements are based upon management's current
expectations that are subject to risks and uncertainties that could cause
actual results to differ materially from those set forth in or implied by
forward-looking statements, including, but not limited to, product demand and
market acceptance risks, general economic conditions, the impact of
competitive products, technologies and pricing, the impact of rapidly
changing technology, equipment capacity and supply constraints or
difficulties, limitations on the ability to protect the Company's patents and
proprietary technology, the Company's limited history with regard to sales of
implanters, the cyclical nature of the semiconductor industry, and other risks
described in the Company's Securities and Exchange Commission filings.
CONTACT: Company Contacts:
Debra Nelson
Chief Financial Officer
Ibis Technology Corporation
978-777-4247
or
Al Alioto
Vice President, Sales and Marketing
Ibis Technology Corporation
978-777-4247
or
Agency Contact:
Charla Jones
Northeast Regional Director
The Loomis Group, Inc
617-638-0022
[email protected]
