Science & Technology
Science and Technology
Science and Technology
Wed, July 15, 2009 Semitool: Semitool Teams With Zinc Air to Develop Flow Batteries
KALISPELL, MT--(Marketwire - July 15, 2009) - Semitool, Inc. (
Kevin Witt, Semitool's director of Disruptive Technology, said, "The technology behind flow batteries is a natural extension of Semitool's core competency in electrochemical processing and plating technology. Our ability to bring the improved electroplating quality and reduced operational costs offered by our Raider Tools should position us strategically for the development and production of efficient flow batteries."
Craig Wilkins, vice president of Zinc Air, added, "We believe flow batteries provide the best solution for large scale storage, which will improve the efficiency of smart grids and increase the viability of emerging renewable energy technologies. The concept and basic technology isn't new; the challenge has always been cost. With Semitool's expertise and Zinc Air's proprietary cell technology, we believe we have an approach that will beat the threshold thought necessary to make megawatt storage a commercial reality."
About Semitool, Inc.
Semitool is a worldwide leader in the design, development, manufacture, and support of high-performance, single-wafer and multi-wafer batch wet chemical processing systems for use in the fabrication of semiconductor devices. The company's primary suites of equipment include electrochemical deposition systems for electroplating copper, gold, solder and other metals; surface preparation systems for cleaning, stripping and etching silicon wafers; and wafer transport container cleaning systems. The company's equipment is used in semiconductor fabrication front-end and back-end processes, including wafer level packaging and solar cell manufacture.
Headquartered in Kalispell, Montana, Semitool maintains sales and support centers in the United States, Europe and Asia. The company's stock trades on the NASDAQ National Market under the symbol SMTL. For more information, please visit the company's website at [ www.semitool.com ].
About Zinc Air
Zinc Air, Inc. (ZAI) is a new company focused on the development of sustainable energy storage solutions intended to provide high levels of efficiency at low costs. ZAI is also committed to providing the "greenest" battery technology using resources that are abundant, inexpensive and environmentally friendly. In addition to the Zinc Redox battery to be developed with Semitool, ZAI is in the process of developing a rechargeable zinc/air battery technology to provide the next generation of batteries for the consumer electronics and automotive industry.
Zinc Air, Inc. is a privately held company with headquarters located in Kalispell, Montana. For more information on Zinc Air, Inc., please contact the company by email at [ info@zincairinc.com ].
Safe Harbor Statement
The matters discussed in this news release include forward-looking statements, including statements regarding flow batteries being a natural extension of Semitool's core competency in electrochemical processing and our ability to bring improved electroplating quality and reduced operational costs to the production of flow batteries. The forward-looking statements contained herein are based on management's assumptions, estimates and projections as of the date hereof and are subject to risks and uncertainties that are discussed in our filings with the U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2008. The ability to enter a new market has numerous risks, including the ability to compete on a cost-effective basis and the uncertain success of untried technologies. We assume no obligation to update forward-looking statements that become untrue because of subsequent events.
