Mattson Technology Announces Plans for Phase IV Cost-Reduction

Mattson Technology Announces Plans for Phase IV Cost-Reduction
Program 
FREMONT, CA -- (Marketwire) -- 01/15/13 --  Mattson Technology, Inc.
(NASDAQ: MTSN), a leading supplier of advanced process equipment used
to manufacture semiconductors, today announced the finalization of
plans for Phase IV of its cost-reduction program, which primarily
entails a broad reduction in force across all areas of the Company.
The total estimated reduction in annual operating expenses for all
four phases of the cost-reduction program is expected to be $30
million. Combined with the ongoing gross margin improvement efforts,
the Company's cash flow breakeven point is expected to be reduced to
the mid to high $20 million quarterly net sales level by the end of
Q1 2013. 
"Over the past five quarters, Mattson has taken appropriate measures
to restructure and size the Company to conserve cash during the
down-cycle and enable significant leverage to deliver profitability
in the up-cycle," said David L. Dutton, President and Chief Executive
Officer. "Leaving Q1 of 2013, the results from all phases our
cost-reduction program are expected to decrease our annual operating
expense run rate by over 40%. These measures when combined with our
ongoing gross margin improvement program lower our quarterly net
sales breakeven level from the $50 million range to the mid to high
$20 million level," noted J. Michael Dodson, Chief Operating and
Financial Officer. 
About Mattson Technology, Inc.
 Mattson Technology, Inc. designs,
manufactures and markets semiconductor wafer processing equipment
used in the fabrication of integrated circuits. We are a leading
supplier of plasma and rapid thermal processing equipment to the
global semiconductor industry, and operate in three primary product
sectors: Dry Strip, Rapid Thermal Processing and Etch. Through
manufacturing and design innovation, we have produced technologically
advanced systems that provide productive and cost-effective solutions
for customers fabricating current- and next-generation semiconductor
devices. For more information, please contact Mattson Technology,
Inc., 47131 Bayside Parkway, Fremont, CA, 94538. Telephone: (800)
MATTSON / (510) 657-5900. Internet: www.mattson.com. 
"Safe Harbor" Statement Under the Private Securities Litigation 
Reform Act of 1995: This news release contains forward-looking
statements. All statements other than statements of historical fact
are statements that could be deemed forward-looking statements,
including but not limited to statements of the plans, strategies and
objectives of management for future operations. Forward-looking
statements address matters that are subject to a number of risks and
uncertainties that can cause actual results to differ materially from
those expressed or implied by such forward-looking statements and
assumptions. Such risks and uncertainties include, but are not
limited to: macroeconomic and geopolitical trends and events;
end-user demand for semiconductors; customer demand for semiconductor
manufacturing equipment; the timing of significant customer orders
for the Company's products; customer acceptance of delivered products
and the Company's ability to collect amounts due upon shipment and
upon acceptance; the Company's ability to timely manufacture, deliver
and support ordered products; the Company's ability to bring new
products to market and to gain market share with such products;
customer rate of adoption of new technologies; risks inherent in the
development of complex technology; the timing and competitiveness of
new product releases by the Company's competitors; the Company's
ability to align its cost structure with market conditions; and other
risks and uncertainties described in the Company's Forms 10-K, 10-Q
and other filings with the Securities and Exchange Commission. The
Company assumes no obligation to update the information provided in
this news release. 
Investor Contact
J. Michael Dodson
tel +1-510-657-5900
fax +1-510-492-5963
mike.dodson@mattson.com 
 
 
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