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SemiTest product lines purchased by Semilab

Sept. 10, 2004 - Budapest, Hungary

BUDAPEST, Hungary.-Sept. 10, 2004- SemiTest Inc., a semiconductor metrology company based in Billerica Mass. has ensured continuity of support for its customers and further development of its unique proprietary technologies.

Semilab R.T., a leading manufacturer of semiconductor materials metrology solutions to the semiconductor industry, today announced that it has completed the acquisition of substantially all of the assets of SemiTest Inc., the U.S. based manufacturer of semiconductor metrology systems. The transaction was structured as a purchase of all assets related to the SCA and Epimet product lines for an undisclosed cash amount.

Donna Tinsley, Chief Financial Officer of SemiTest Inc. commented: "The longer than expected recession coupled with our aggressive new product development program caused a severe financial problem for us. We realized that we could no longer continue on our own. Our goal was to find a single purchaser committed and able to carry forward our innovative technology and most importantly offer our many users in the industry a secure alternative means of support long into the future. Following several months evaluating several offers we finally decided that Semilab's offer fulfilled all our criteria".

Semilab Inc., building on the acquisition, has formed a new division with worldwide responsibility for development and marketing of metrology solutions for the semiconductor device manufacturing market. The new business unit, named SemiTest Division, will be housed in a new facility in Billerica Mass. The operation will provide continuity of support for legacy product lines recently acquired from SemiTest Inc. and will also develop new products by integration of new measurement technology from the European parent company into the advanced SemiTest 200mm and 300mm systems.

Dr. Tibor Pavelka, President and Chief Executive Officer of Semilab R.T. commented: "Semitest's high market share in furnace qualification with the Surface Charge Analyzer (SCA) and in epitaxial growth metrology with the Epimet tool will increase our revenue opportunities and lead us directly into the volume semiconductor device production market by leveraging the reputation we will gain through excellence in supporting Semitest's installed base at virtually every CMOS and bipolar IC manufacturer worldwide"..

About SemiTest

SemiTest Inc., with headquarters in Billerica, Mass., was founded in 1987 and first developed the Surface Charge Analyzer as a tool for analyzing the quality of dielectric thin film growth on silicon. The installed base consists of over 170 systems worldwide. A second product, the Epimet system for non-contact CV profiling of epitaxial layers was recently introduced and is used by 4 or 5 out of the leading wafer makers and increasingly by device makers.

About Semilab

Semilab R.T. with headquarters in Budapest, Hungary, was founded in 1989. Semilab pioneered minority carrier lifetime as tool for metal contamination detection in silicon and is now a leading supplier of semiconductor materials metrology solutions for the global semiconductor wafer, solar cell, and semiconductor device manufacturing industries. As an established market leader in semiconductor contamination having installed over 200 systems worldwide, Semilab continues to pioneer best-in-class technologies that outperform their competitors.

The technology in Semilab and Semitest products are covered by U.S. and foreign patents. Semilab has sales distributors worldwide including the United States, Europe, Japan, Korea, Singapore, Taiwan, and China. .

Further information on Semilab can be obtained by calling +361 382 4530. Semilab's web site is located at http://www.semilab.com

Further information on legacy warranty support of Epimet and SCA can be obtained by calling (978) 667-8783