Ad-hoc | 25 January 2005 07:41
Aixtron AG:AIXTRON Announces New Restructured Management Team
Ad hoc announcement §15 WpHG
Sonstiges
Aixtron AG:AIXTRON Announces New Restructured Management Team
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Aachen, Germany, January 25, 2005 – AIXTRON AG announces that effective April
1, 2005 the AIXTRON Executive Board will consist of Paul Hyland – President
and Chief Executive Officer, Dr. Bernd Schulte – Chief Operating Officer and
Executive Vice President, Wolfgang Breme – Chief Financial Officer and
Executive Vice President, and William Elder – Executive Vice President
(subject to completion of the Genus merger).
Wolfgang Breme, currently CFO of technotrans AG will join AIXTRON in March
2005, replacing Chris Dodson as CFO and Executive Vice President as of April
1, 2005.
Following the completion of the transaction with Genus, it is expected that
William Elder, currently Chairman of the Board, President and Chief Executive
Officer of Genus Inc., will be appointed to the AIXTRON Executive Board and
will act as the chairman of all silicon business interests in AIXTRON and
Genus.
It is also expected that Steve Perry, Executive Vice President, will then
assume executive management responsibility for Genus Inc. and Tim McEntee,
Executive Vice President, will remain responsible for the semiconductor
equipment division of AIXTRON AG, including OLED display technology equipment.
AIXTRON AG
Kackertstr. 15-17
52072 Aachen
Deutschland
ISIN: DE0005066203
WKN: 506620
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 25.01.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
About AIXTRON
AIXTRON AG (FSE: AIX; ISIN DE0005066203) is a leading provider of equipment
for compound semiconductor epitaxy. The Company’s products are used by a
diverse range of customers worldwide to manufacture advanced semiconductor
components such as HBTs, PHEMTs, MESFETs, Lasers, LEDs, Detectors, and VCSELs
used in fiber optic communication systems, wireless and mobile telephony
applications, optical storage devices, illumination, signaling and lighting,
as well as a range of other leading-edge technologies. AIXTRON AG’s securities
are listed in the Prime Standard market segment of the Frankfurt Stock
Exchange and are included both in the TecDAX index and the MSCI World Index.
More information about AIXTRON can be found on the Web at
http://www.aixtron.com .
Forward-Looking Statements
This adhoc release may contain forward-looking statements about the business,
financial condition, results of operations and earnings outlook of AIXTRON.
Words such as “may,” “will,” “expect,” “anticipate,” “contemplate,” “intend,”
“plans,” “believe,” “continue” and “estimate,” and variations of these words
and similar expressions, identify these forward-looking statements. These
statements are not guarantees of future performance, involve certain risks,
uncertainties and assumptions that are difficult to predict, and are based
upon assumptions as to future events that may not prove accurate. Therefore,
actual outcomes and results may differ materially from what is expressed
herein. In any forward-looking statement in which AIXTRON expresses an
expectation or belief as to future results, such expectation or belief is
expressed in good faith and believed to have a reasonable basis, but there can
be no assurance that the statement or expectation or belief will result or be
achieved or accomplished. Actual operating results may differ materially from
such forward-looking statements and are subject to certain risks, including
risks arising from: actual customer orders received by AIXTRON; the extent to
which metal-organic chemical vapor deposition, or MOCVD, technology is
demanded by the market place; the timing of final acceptance of products by
customers; the financial climate and accessibility of financing; general
conditions in the thin film equipment market and in the macro-economy;
cancellations, rescheduling or delays in product shipments; manufacturing
capacity constraints; lengthy sales and qualification cycles; difficulties in
the production process; changes in semiconductor industry growth; increased
competition; exchange rate fluctuations; availability of government funding;
variability and availability of interest rates; delays in developing and
commercializing new products; general economic conditions being less favorable
than expected; and other factors. The forward-looking statements contained in
this news release are made as of the date hereof and AIXTRON does not assume
any obligation to (and expressly disclaims any such obligation to) update the
reasons why actual results could differ materially from those projected in the
forward-looking statements. Any reference to the Internet website of AIXTRON
is not an incorporation by reference of such information in this news release,
and you should not interpret such a reference as an incorporation by
reference of such information.
End of message (c)DGAP
250741 Jän 05