- July 20th 2005 -

Cymer, Inc. and Carl Zeiss SMT AG team for next-generation displays

Cymer, Inc. and Carl Zeiss SMT AG, announced the creation of TCZ GmbH
(Team Cymer Zeiss), a joint venture focused on innovative production
equipment for the emerging FPD market. Based on their combined laser
and optics expertise the companies have developed a production tool to
improve LTPS processes for TFT displays.

Large-scale introduction of active matrix LCD displays with integrated
logic devices, referred to as System On Panel, and OLEDs has been held
back to a large extent by the lack of a cost-effective LTPS solution.
TCZ's thin-beam crystallization tool will fill that void. Operational
headquarters of TCZ will be located in San Diego, and led by CEO Brian
Klene, former executive vice president of Emerging Technologies and
Applications at Cymer. Klene will report to the TCZ Board of
Directors, consisting of both Cymer and Carl Zeiss SMT executives.
Cymer is a 60% owner of the joint venture and Carl Zeiss SMT is a 40%
owner.

"For nearly 20 years, Cymer's light sources have been used to produce
smaller circuit geometries, enabling faster chips that power the most
advanced electronic devices on the market today," said Cymer Chairman
and CEO Bob Akins. "Although we remain solidly committed to the
lithography market, we plan on carrying over our history of success
into TCZ, a venture that draws upon our core strengths -- technology
and service. This is a great opportunity to broaden our reach and fill
a much-needed void, in a complementary market with significant growth
potential."

TCZ was also unveiling the details of the industry's first
cost-effective, thin beam crystallization tool, the TCZ-900X.