FLANDERS, N.J., July 11, 2000 (PRIMEZONE)-- Rudolph Technologies, Inc. (Nasdaq:RTEC) today announced that it has been selected for inclusion in the Russell 3000(c) Index. The latest Index was published after the close of market yesterday by the Frank Russell Company.
"Rudolph's inclusion in the Russell 3000 less than a year after the Company went public is an excellent measure of our success to date," said Paul F. McLaughlin, Chairman and CEO. "Clearly, we have achieved our objective of delivering the right solutions at the right time to leading semiconductor manufacturers throughout the world. With the semiconductor industry experiencing a resurgence of strength, we see excellent prospects for the growth of our metrology tools and our Company."
The Russell 1000(c), Russell 2000(c) and Russell 3000(c) indices rank the performance, respectively, of the top 1000, 2000 and following 3000 largest public U.S. companies by market capitalization. Revised annually, they are widely used as benchmarks for investment consideration by the investment community.
Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for both transparent and opaque thin film measurement. Rudolph's product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry's growth. The Company's success in creating complementary metrology applications through aggressive research and development is key to Rudolph's strategy for continued technological and market leadership.
This press release contains forward-looking statements, including statements related to anticipated growth rates, manufacturing capacity and tax rate. Actual results may differ materially from those projected due to a number of risks, including changes in customer demands for our products, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies' business strategy, unanticipated manufacturing or supply problems, or changes in tax requirements. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies' form 10K filed for the year ended December 31, 1999. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.