Receives Industrial Service Merit Award for Contributions to Korea's
Semiconductor Industry
BROOKFIELD, Conn.--(BUSINESS WIRE)--
Photronics,
Inc. (Nasdaq: PLAB), a worldwide leader in supplying innovative
imaging technology solutions for the global electronics industry,
announced that Dr. Soo Hong ("SH") Jeong, the Company's chief operating
officer and president of Asia Operations, received the Tin Tower Order
of Industrial Service Merit by the Korean government. The award
presentation was made at the commemoration of the Third Semiconductor
Day held by the Korea Semiconductor Industry Association ("KSIA") in
recognition of Dr. Jeong's distinguished contribution to the development
of Korea's semiconductor industry.
Dr. Jeong was appointed chief operating officer of Photronics in 2006,
and has also served as president of Asia operations since 2004. He
originally joined Photronics in 2000 when the Company acquired PK, Ltd.
("PKL") in Korea, a company he founded in 1995 as a spin-off from Anam
Semiconductor. Dr. Jeong continues to serve as chairman of PKL. He has
assumed roles of increasing responsibility in recognition of his success
in expanding Photronics' advanced technology capabilities to service
customers in both the integrated circuit and flat panel display
industries.
"SH has consistently demonstrated a talent for identifying growth
markets and then positioning Photronics to capitalize on these
opportunities," said Constantine Macricostas, chairman and chief
executive officer of Photronics, Inc. "He has been instrumental in
Photronics' success in developing leading-edge capabilities and taking
an increasing share of the photomask market for advanced semiconductor
technologies and flat panel displays. SH's colleagues at Photronics
recognize his drive for excellence in the semiconductor industry and we
congratulate him on this well-deserved honor."
Two Industrial Service Merit Awards were bestowed by the President of
Korea at the commemoration of KSIA this year. Along with Dr. Jeong, Nam
Sung Woo, vice president of Samsung Semiconductor, Inc., has also
received this award. The event was held at the Tower 63 in Seoul, Korea.
More than 1,000 people attended the ceremony, including the Minister of
the Ministry of Knowledge Economy, congressmen, and the chairman of KSIA.
"I am humbled to receive this recognition," said Dr. Jeong. "To be
acknowledged alongside a key member of Samsung, the leading-edge
semiconductor business, both in Asia and worldwide, is a great honor. We
will continue to strive for excellence to reflect the high standards of
this prestigious award."
About Photronics
Photronics
is a leading worldwide manufacturer of photomasks.
Photomasks are high precision quartz plates that contain microscopic
images of electronic circuits. A key element in the manufacture of
semiconductors and flat panel displays, photomasks are used to transfer
circuit patterns onto semiconductor wafers and flat panel substrates
during the fabrication of integrated circuits, a variety of flat panel
displays and, to a lesser extent, other types of electrical and optical
components. They are produced in accordance with product designs
provided by customers at strategically located manufacturing
facilities in Asia, Europe, and North America. Additional
information on the Company can be accessed at www.photronics.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements made by or on behalf of
Photronics, Inc. and its subsidiaries (the Company). The forward-looking
statements contained in this press release and other parts of
Photronics' web site involve risks and uncertainties that may affect the
Company's operations, markets, products, services, prices, and other
factors as discussed in filings with the United States Securities and
Exchange Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental, and
technological factors. Accordingly, there is no assurance that the
Company's expectations will be realized. The Company assumes no
obligation to provide revisions to any forward-looking statements.
About PKL
PK Ltd. ("PKL") is a majority-owned subsidiary of Photronics, Inc.
located in Korea.
17-2010
Photronics
Sean T. Smith, 203-775-9000
Senior Vice President
Chief
Financial Officer
ssmith@photronics.com
Source: Photronics, Inc.
News Provided by Acquire Media
