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Mattson Technology's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: MTSN

In strip, we gained 5% market share in 2011, garnering 24% and the #2 position in this little [indiscernible] market. Our Suprema system delivers a broad capability to our customers from bulk strip to the demanding special strip in processes required for advanced high-K metal gate and three-dimensional structures. This broad application capability based on a context flexible low cost platform is the reason why Mattson Technology has the widest established customer base in strip as compared to any other competitor.

As we have previously discussed, our RTP business has historically been dominant in the DRAM sector and the reduced DRAM spending in 2011 affected our overall results.

During the last 2 years, our RTP has gone through a complete transformation expanding into the NAND and foundry areas. This strategic shift is led by the introduction of our Millios millisecond annealing tools and the Helios XP, both of which are targeted at the leading edge of the foundry/logic market, where we previously have negligeable position.

In the first quarter of 2012, we shipped the Millios millisecond annealing system to our third customer for this foundry's leading edge production ramp. In just the last month, we shipped a follow-on Millios for a major customer for its advanced foundry manufacturing line.

In our Helios product line, we shipped a third Helios XP rapid thermal annealing system to a leading foundry customer for their advanced production line. Note that Helios XP and the Millios combined are now positioned at 5 major foundry/logic customers for the most advanced application and we expect this new RTP product portfolio to drive our renewed growth in this market.

Read the rest of this transcript for free on seekingalpha.com

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