Micronic and Etec settle litigation
Micronic and Etec settle litigation Täby, Sweden, June 1, 2001 -- Micronic Laser Systems AB (Stockholmsbörsen's Attract 40: MICR), is at the forefront in semiconductor and display laser pattern generators for the production of photomasks to the world wide industries. Micronic Laser Systems, Inc. and Micronic Laser Systems AB ("Micronic"), together with Etec Systems, Inc. announce that they have settled the litigation currently pending between the companies in the United States District Court for the Northern District of California. Terms of the settlement are confidential. About Micronic Laser Systems AB Micronic Laser Systems AB is a Swedish high-tech company engaged in the development, manufacture and marketing of a series of extremely accurate laser pattern generators for the production of photomasks. The technology involved is known as microlithography. Micronic's systems are used by the world's leading electronics companies in the manufacture of television and computer displays, semiconductor circuits and semiconductor packaging components. Micronic is located in Täby, north of Stockholm and at present has subsidiaries in the United States and Japan and a service office in Taiwan. Micronic's net sales for 2000 amounted to MSEK 704 (MSEK 213 in 1999) and the company has 323 employees. Micronic maintains a web site at: http://www.micronic.se About Micronic Laser Systems, Inc. Micronic Laser Systems, Inc. is a wholly owned subsidiary of Micronic Laser Systems AB. The operation focuses mainly on customer support activities, such as field service, technical support and application support but also strategic marketing. The company is situated in Mountain View, California. Company contact: Agency contact: Eva Kristensson Vincent Mayeda Director Investor Relations The Loomis Group, Inc. Tel: +46 8 638 52 00 Tel: +1 408 363-0797 eva.kristensson@micronic.se mayedav@loomisgroup.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/06/01/20010601BIT00540/bit0001.doc http://www.bit.se/bitonline/2001/06/01/20010601BIT00540/bit0001.pdf