INFICON Receives Orders Totaling $9.3 Million for HAPSITE Chemical Identification System From U.S. Department of Defense
Syracuse, New York/Zurich, Switzerland - June 30, 2003 - INFICON Holding AG (SWX Swiss Exchange and NASDAQ: IFCN), a leading manufacturer of vacuum instrumentation and process control software for the semiconductor and related industries and other industrial applications, today received orders worth $9.3 million for its HAPSITE Chemical Identification System from the United States Department of Defense for use by the U.S. Air Force and U.S. Army. INFICON shipped approximately $1 million of the order in the second quarter with delivery scheduled for completion by the end of 2003.
HAPSITE Chemical Identification System, the only fully portable gas chromatograph/mass spectrometer (GC/MS), was developed using INFICON expertise in gas-sensing and vacuum technology. It is used for fast on-scene detection and analysis of chemical agents and toxic materials in air, soil and water. INFICON has sold HAPSITE to U.S. and other military organizations, state and city governments, and to private and public sector customers for emergency response, hazardous waste site analysis and remediation, industrial hygiene and other environmental applications.
"This follow-on order reflects the increased demand we are seeing for HAPSITE from the U.S. military and other public sector agencies," said James Brissenden, president and chief executive officer. "HAPSITE enables users to quickly make decisions affecting life, health and safety, critical in a worldwide environment of heightened security and emergency response preparedness."
About INFICON
INFICON is a leading developer, manufacturer and supplier of innovative vacuum instrumentation, critical sensor technologies, and advanced process control software for the semiconductor and related industries and other industrial applications. These analysis, measurement and control products are vital to original equipment manufacturers (OEMs) and end-users in the complex manufacturing of semiconductors, flat panel displays, magnetic and optical storage media and precision optics. INFICON also provides essential instrumentation for gas leak detection and toxic chemical analysis to the air conditioning/refrigeration, emergency response and industrial hygiene markets. Headquartered in Syracuse, New York, INFICON has world-class manufacturing facilities in the United States and Europe and worldwide offices in the U.S., China, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. For more information about INFICON and its products, please visit the Company?s website at www.inficon.com.
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. Forward looking statements can be identified by the use of words such as "may", "believe", "will", "expect", "project", "assume", "estimate", "anticipate", "plan", "continue", "resumes", "opportunity" or "potential". These forward-looking statements address, among other things, our strategic objectives, trends in vacuum technology and in the industries that employ vacuum instrumentation, such as the semiconductor and related industries and the anticipated effects of these trends on our business. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. Some of these risks and uncertainties are discussed in the Company's Annual Report on Form 20-F for fiscal 2002 and the Company's reports on Form 6-K filed with the Securities and Exchange Commission during 2003.
As a consequence, our current and anticipated plans and our future prospects, results of operations and financial condition may differ from those expressed in any forward-looking statements made by or on behalf of our company. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
HAPSITE Chemical Identification System, the only fully portable gas chromatograph/mass spectrometer (GC/MS), was developed using INFICON expertise in gas-sensing and vacuum technology. It is used for fast on-scene detection and analysis of chemical agents and toxic materials in air, soil and water. INFICON has sold HAPSITE to U.S. and other military organizations, state and city governments, and to private and public sector customers for emergency response, hazardous waste site analysis and remediation, industrial hygiene and other environmental applications.
"This follow-on order reflects the increased demand we are seeing for HAPSITE from the U.S. military and other public sector agencies," said James Brissenden, president and chief executive officer. "HAPSITE enables users to quickly make decisions affecting life, health and safety, critical in a worldwide environment of heightened security and emergency response preparedness."
About INFICON
INFICON is a leading developer, manufacturer and supplier of innovative vacuum instrumentation, critical sensor technologies, and advanced process control software for the semiconductor and related industries and other industrial applications. These analysis, measurement and control products are vital to original equipment manufacturers (OEMs) and end-users in the complex manufacturing of semiconductors, flat panel displays, magnetic and optical storage media and precision optics. INFICON also provides essential instrumentation for gas leak detection and toxic chemical analysis to the air conditioning/refrigeration, emergency response and industrial hygiene markets. Headquartered in Syracuse, New York, INFICON has world-class manufacturing facilities in the United States and Europe and worldwide offices in the U.S., China, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. For more information about INFICON and its products, please visit the Company?s website at www.inficon.com.
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. Forward looking statements can be identified by the use of words such as "may", "believe", "will", "expect", "project", "assume", "estimate", "anticipate", "plan", "continue", "resumes", "opportunity" or "potential". These forward-looking statements address, among other things, our strategic objectives, trends in vacuum technology and in the industries that employ vacuum instrumentation, such as the semiconductor and related industries and the anticipated effects of these trends on our business. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. Some of these risks and uncertainties are discussed in the Company's Annual Report on Form 20-F for fiscal 2002 and the Company's reports on Form 6-K filed with the Securities and Exchange Commission during 2003.
As a consequence, our current and anticipated plans and our future prospects, results of operations and financial condition may differ from those expressed in any forward-looking statements made by or on behalf of our company. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.