Süss MicroTec AG / Disposal 28.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SUSS MicroTec AG sells Test Systems Division Garching near Munich, Germany, January 28, 2010 - SUSS MicroTec AG (business address: Schleissheimer Strasse 90, 85748 Garching, Germany; ISIN: DE0007226706), which is listed in the Prime Standard of Deutsche Börse AG, today announced the sale of its Test Systems Division, which is located in Sacka near Dresden, Germany, plus other related assets. The Company was sold to Cascade Microtech, Inc. (NASDAQ: CSCD), a worldwide leader in the precise electrical measurement and test of integrated circuits. The purchase price for the SUSS MicroTec Test Systems GmbH, which is subject to a post-closing purchase price adjustment, is cash and debt free and consists of a fixed amount and an amount placed in escrow. The fixed component amounts to EUR 4.5 million of which EUR 2.0 million was paid in cash and EUR 2.5 million was paid in shares of Cascade Microtech common stock. In addition, an amount of EUR 2.5 million has been placed in escrow and will be released to the seller upon meeting certain post-sale conditions. SUSS MicroTec Test Systems is a leading global supplier of measurement and test systems for the semiconductor industry. It employs approximately 120 staff at its Sacka site and its international subsidiaries. In the 2008 fiscal year sales was EUR 25.0 million and EUR 10.6 million for the nine months ended September 30, 2009. With the divestment of the SUSS MicroTec Test Systems GmbH and the recent acquisition of HamaTech APE, SUSS MicroTec will focus on its core competency of microstructuring for microelectronics applications. SUSS MicroTec's comprehensive product portfolio of exposure, cleaning, coating, developing and bonding equipment offers complete high performance solutions for advanced semiconductor packaging and 3D integration as well as the manufacturing of MEMS and LEDs. Through the acquisition of SUSS MicroTec Test Systems GmbH, who held the second position in the market, Cascade Microtech will strenghten its market leadership position in the semiconductor test probe station market focusing the necessary resources towards developing leading-edge customer solutions to address accelerated growth markets. 'This is a key strategic move for Cascade Microtech which strengthens our product portfolio and leverages our combined resources and competencies,' said F. Paul Carlson, Chairman and CEO, Cascade Microtech, Inc. 'We now have the critical mass to focus on the technical challenges our customers have in developing semiconductor processes and designing devices into the next decade. This acquisition enables us to aggressively address emerging applications such as 3D TSV, LED, and MEMS that are on an accelerated growth curve.' 'Divesting the SUSS MicroTec Test Systems GmbH allows us to focus on manufacturing solutions for our high growth core markets of advanced packaging, 3D integration, LED and MEMS' said Frank P. Averdung, President and CEO of SUSS MicroTec. 'Having a broad product range for 3D integration, we anticipate future collaboration with Cascade Microtech in order to address the complex issues in developing and testing 3D through silicon vias (TSVs).' SUSS MicroTec AG (ISIN DE 0007226706) About SUSS MicroTec AG SUSS MicroTec is a leading supplier of process equipment and test process solutions for markets such as 3-D Integration, Advanced Packaging, MEMS, Nanotechnology and Compound Semiconductor. High-quality solutions enable customers to increase process performance while reducing cost of ownership. SUSS MicroTec supports more than 8,000 installed mask aligners, coaters, bonders and probe systems with a global infrastructure for applications and service. SUSS MicroTec is headquartered in Garching near Munich, Germany. For more information, please visit http://www.suss.com. About Cascade Microtech, Inc. Cascade Microtech, Inc. (NASDAQ: CSCD) is a worldwide leader in the precise electrical measurement and test of integrated circuits (ICs) and other small structures. For technology businesses and scientific institutions that need to evaluate small structures, Cascade Microtech delivers access to electrical data from wafers, integrated circuits (ICs), IC packages, circuit boards and modules, MEMS, biological structures, LED devices and more. Cascade Microtech's leading-edge semiconductor production test products include unique probe cards and test sockets that reduce manufacturing costs of high-speed and high-density semiconductor chips. For more information visit www.cascademicrotech.com. Disclaimer This press release contains forward-looking statements relating to the business, financial performance and earnings of SUSS MicroTec AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of SUSS MicroTec AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which explicitly or implicitly assumed in the forward-looking statements. SUSS MicroTec AG does not intend or accept any obligation to publish updates of these forward-looking statements. 28.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: Süss MicroTec AG Schleissheimer Strasse 90 85748 Garching b. München Deutschland Phone: +49 (0)89 32007-161 Fax: +49 (0)89 32007-336 E-mail: ir@suss.com Internet: www.suss.com ISIN: DE0007226706 WKN: 722670 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Süss MicroTec AG sells Test Systems Division
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