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5 SEP 2017, 08:00

Täby, 5 September, 2017 - Mycronic AB (publ), has received an order of multiple mask writers from Photronics, Inc. (“Photronics”). Photronics, with headquarters in Connecticut, USA, is a global supplier of photomasks for the semiconductor and display industry with increasing activities in China. Photronics has been a customer of Mycronic’s for a long time.

The order, which combines manufacturing and quality control of the most advanced small and large photomasks, comprises one mask writer Prexision-800, one mask writer Prexision-10, one measurement system Prexision-MMS as well as a refurbished Prexision-10.

This is the largest order ever for Mycronic and the total value of this combination deal is in the range of USD 90-100 million. All systems except the Prexision-MMS are scheduled to be delivered during 2018, starting with Prexision-800 during the first half. The Prexision-MMS will be delivered during the first half of 2019. All systems will be shipped to Asia, three of them to China while the Prexision-800 will be placed in South Korea.

Mycronic’s most advanced mask writer, the Prexision-800, enables more than 25 percent denser pattern designs than previously possible. This system will ensure efficient production of future display photo-masks for such products as 4K smartphone displays and advanced AMOLED displays.

Mycronic’s Prexision-10 is indispensable for manufacturing of large advanced photomasks for TV displays. To use the full potential of a Prexision mask writer, a measuring system with high accuracy is beneficial. The Prexision-MMS system can be used to assure the quality of all photomasks up to Generation 10. This is the second order for the Prexision-MMS in just three months.

“We see manufacturers are investing in a growing Chinese display industry. Today there are 27 display fabs in operation in China and approximately 15 new display fabs are being constructed or planned, many of them targeting large format LCD displays for TV or AMOLED for mobile devices. Photronics previously announced it has decided to invest USD 160 million in the most advanced display photomask factory in China and we are honored to receive this order as part of their investment plans. The combination of Prexision-10 and Prexision-MMS provide Photronics with a unique combination of systems that offer the production efficiency and quality necessary for future TV display manufacturing,” says Magnus Råberg, Sr VP and General Manager Pattern Generators of Mycronic AB.

At the same time, the trend towards displays with higher resolution has accelerated and display technologies have become more advanced.

 “We are certain that these trends provide good opportunities for our customer to meet the future requirements for the most advanced displays. Photronics is the first customer to use our Prexision-800. The system performance is superior in all aspects and we believe that the photomasks from the Prexision-800 will set a new industry standard for advanced displays,” Magnus Råberg concludes.

Contacts at Mycronic:
Magnus Råberg                                                               
Sr VP and General Manager PG                                        
Tel: +46 8 - 638 52 00

Torbjörn Wingårdh
Tel: +46 8 - 638 52 00

About Mycronic AB
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, Taiwan, United Kingdom and the United States. For more information see our web site at: www.mycronic.com 

Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.  

The information is information that Mycronic is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons stated above on 5 September, 2017, at 8.00 am.