Nanometrics' CEO Discusses At Citi 8th Annual US Small/Mid Cap - Conference Call Transcript

Nanometrics Incorporated (NANO)

Citi 8th Annual US Small/Mid Cap Conference Call

November 16, 2011 11:45 AM ET

Executives

Timothy Stultz – President and CEO

Analysts

Presentation

Timothy Stultz

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So, Nanometrics, five points I am going to try to address this morning. The first one is, although in the semiconductor capital equipment market primarily which is a process control metrology provider. Talk a little bit about the drives high-growth business, in particular our flagship product known as optical critical dimension. Where we will talk a little bit about the emerging growth of three dimension devices, three dimension packaging and the market that support those activities. Our efforts to expand our position within the markets through a combination of acquisitions, new product development and key comp penetration, and little bit our financial performance which we’re quite proud of.

So what is Nanometrics, Nanometrics provides products to the semiconductor, data storage, LED, solar markets, these are light-based technology to make measurements in the fabrication of our integrated devices, integrated circuit LED or solar cells. All of our technologies are non-destructive, high-speed and in line metrology components.

We have a variety of products that are used depending on which environment, whether it’s a semiconductor fab or LED fabric, but what’s really importantly is, it’s not about machines themselves but the software analysis and measurement capabilities that are provided by what we call our NanoCD suite which is a combination of server platform and proprietary software.

Our products have all this optical techniques to take advantage of the physic of the way light in our actual surfaces to make these measurements, but it apply to multiple markets, primarily -- our primary market is the semiconductor, but we -- as I mentioned earlier, we are in this high-growth utility solar, data storage and the packaging area, and for us it really doesn’t matter what the device does, because what we are measuring are the features and structures that play direct role in the performance of the devices, so whether it’s a light emitting dial or it is a solar cell, or some integrated circuit, they all make features, they all make devices that have structured properties that need to be measure to control in order to get the desired outcome and that’s why our tools come into play.

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