FREMONT, Calif., Feb. 8, 2008 (PRIME NEWSWIRE) -- Legacy Holding, Inc. (Pink Sheets:LGYH) announced today that it has submitted a patent application for its proprietary Organostrip(tm) technology at the Republic of China Intellectual Property Office.
Legacy Holding, Inc. management believes that the technology has enormous market potential, both in the United States and abroad. As such, management feels it imperative to protect the patent worldwide. Organostrip(tm) has been developed through a four year partnership with the world's largest semiconductor manufacturer in an effort to commercialize state-of-the-art technologies that improve the overall efficiency of the silicon wafer cleaning process.
The company's proprietary Organostrip(tm) technology helps alleviate a number of pain points currently plaguing the semiconductor industry by aggressively removing photoresist in backend processing in less than 30 seconds while having no effect on delicate advanced metal interconnects such as copper. The electrical properties of low-k dielectric films are virtually unchanged
According to the Semiconductor Industry Association (SIA), "China's domestic semiconductor industry is rapidly building production capacity, as outlined in the Chinese government's 10th Five-Year Plan, which aims specifically to increase Chinese semiconductor output from $2 billion in 2000 to $24 billion in 2010, representing an annual growth rate of over 25%. By way of comparison, the worldwide industry is experiencing annual growth of approximately 8-10."
Further emphasizing the opportunity in China, industry leader Intel Corp has recently stated plans to build a $2.5 billion plant in Dalian, China. The wafer facility will be Intel's first ever in Asia and is expected to be dedicated to the production of chipsets to support the company's core microprocessor business when it ramps up in 2010. The company has also stated recently that China is its fastest growing market and has reportedly invested more than $4 billion in the country over the past 22 years.
In response to the increasing trend of process expansion of photoresist removal in both the backend and solder bump packaging by Asian semiconductor fabs and foundries, and more specifically the growth rates in China, management feels it imperative to both announce its presence and protect its patents in this rapidly emerging region.
Commenting on today's announcement, CEO Robert Matthews commented: "Legacy is focused on introducing its suite of proprietary technologies that it developed for a leading semiconductor equipment manufacturer to other Tier 1 customers that are experiencing similar challenges. In doing so, Legacy's management hopes its technology will eventually become the technology 'Process of Record' for other Tier 1 fabs."
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About Legacy Holding, Inc.
Legacy Holding, Inc. provides wafer cleaning and stripping technology to the semiconductor and related industries. Under the direction of its President and CEO, Robert Matthews, Legacy has developed and patented new, and what management believes are breakthrough processes that employ "Green Chemistry" to produce an environmentally safe process for photoresist stripping and cleaning of any size silicon wafer. Legacy delivers its cleaning technology through its own state of the art benches that employ the latest in robotic systems, or via specially designed modules that can be integrated into existing bench technology provided by other equipment manufacturing companies. Legacy Systems has been in operations since 1989.
This press release contains forward-looking statements regarding the future plans of Legacy Systems and Legacy Holding, Inc. and its business and products These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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