Cymer, Inc. (Nasdaq:CYMI), the world's leading supplier of excimer
laser light sources used in semiconductor manufacturing, today named
Frank Hochstenbach as president of Cymer Europe. Hochstenbach has more
than 23 years experience in the semiconductor industry and will
oversee sales, marketing, finance, customer service and technical
support, while driving the region's growth.
"We are excited to welcome Frank to the Cymer family," said Ed
Brown, president and chief operating officer for Cymer. "His
impressive background in sales, extensive industry experience, proven
abilities managing operations in Europe, North America and Asia, and
proficiency implementing technology development and improvement
programs will significantly strengthen Cymer's presence throughout
Europe."
Hochstenbach comes to Cymer after serving as executive director of
sales and marketing, applications and product development for Bede
Scientific Instruments. At Bede Scientific, an X-ray metrology company
in the nanotechnology sector, Hochstenbach was responsible for
extending the company's position into the semiconductor market. During
his tenure, Hochstenbach qualified Bede's X-ray metrology systems at
leading semiconductor companies in Europe, the United States and
Japan. In addition, he implemented various programs to improve system
quality and time to market.
Prior to Bede Scientific, Hochstenbach served as senior director
of a global account for Applied Materials, the largest global
semiconductor equipment supplier. At Applied Materials, he grew the
account annual business volume from $9 million to $300 million in five
years, helping the company achieve its position as the market share
leader. He also grew the company's global account support team from
five to 150 employees. Additionally, Hochstenbach has held engineering
positions at both ET Electrotech Ltd., and Philips.
In his new position at Cymer, Hochstenbach will immerse himself in
the products, services, culture, and organizational structure of the
company; work in close concert with corporate and regional
headquarters while supporting staff to ensure customer satisfaction
and effective business development, and implement operational
strategies to ensure the overall success of Cymer Europe.
Hochstenbach earned his bachelor's degree in chemical engineering
from the School of Polytechnics in Heerlen, The Netherlands, and
received his sales and marketing qualification from the Institute of
Social Science in Eindhoven.
About Cymer
Cymer, Inc. is the world's leading supplier of deep ultraviolet
(DUV) laser illumination sources, the essential light source for DUV
photolithography systems. DUV lithography is a key enabling
technology, which has allowed the semiconductor industry to meet the
exacting specifications and manufacturing requirements for volume
production of today's advanced semiconductor chips. Further
information on Cymer may be obtained from the Company's SEC filings,
the Internet at www.cymer.com or by contacting the company directly.
Forward Looking Statements
Statements in this press release that are not strictly historical
in nature are forward-looking statements. These statements include
statements regarding Hochstenbach's expected role at Cymer, growing
revenue, strengthening Cymer's position in Europe and ensuring its
overall success there. These statements are based only on current
information and expectations that are inherently subject to change and
involve a number of risks and uncertainties. Actual events or results
may differ materially from those projected in these statements due to
various factors, including but not limited to: Hochstenbach's
execution of his role; cyclicality in the semiconductor equipment
industry; and the demand for semiconductors in general, and, in
particular, for leading-edge devices with smaller geometries. For a
discussion of these and other factors which may cause our actual
events or results to differ from those projected, please refer to the
company's most recent annual report on Form 10-K and quarterly reports
on Form 10-Q, as well as other subsequent filings with the Securities
and Exchange Commission. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date
of this press release. All forward-looking statements are qualified in
their entirety by this cautionary statement, and the company
undertakes no obligation to revise or update any forward-looking
statements to reflect events or circumstances after the date of this
press release.
