Nanometrics Finalizes Real Estate Asset Sales
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TMCNet: Nanometrics Finalizes Real Estate Asset Sales

[August 28, 2007]

Nanometrics Finalizes Real Estate Asset Sales

(Wireless News Via Thomson Dialog NewsEdge)
Nanometrics, a supplier of advanced metrology equipment to the
semiconductor industry, announced that the company has completed the
sale of certain real estate holdings in Narita, Japan and Milpitas,
California.

Included in the real estate sales were a facility in Japan, which
housed the flat panel display business that Nanometrics sold in 2005,
and a residential condominium near the company's headquarters in
Milpitas. Sales of these real estate assets are expected to reduce debt
by $1.2 million, contribute nearly $2 million in cash and result in an
income statement gain of approximately $1.2 million during the third
quarter of 2007.

"We are pleased to announce the successful sale of our facility in
Japan -- which had sat unutilized for nearly two years -- as well as
the condominium in Milpitas," said Tim Stultz, president and chief
executive officer of Nanometrics. "This announcement is another
benchmark to demonstrate our company's ability to monetize fixed assets
and dispose of businesses no longer critical to our mission, such as
the machining and plating shop closure announced earlier this month.
These steps improve our profitability and cash flow, similar to the
successful second-quarter divestitures of the Yosemite CD-SEM
technology and DiVA product line."

((Comments on this story may be sent to newsdesk@closeupmedia.com))

((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright 2007 Wireless News

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