FREMONT, Calif.--(BUSINESS WIRE)--June 17, 2005--Therma-Wave, Inc.
(Nasdaq:TWAV), a worldwide leader in the development, manufacture and
sale of process control metrology systems used in the manufacture of
semiconductors, today announced the Company has secured a two year
renewal of its $15 million line of credit from Silicon Valley Bank,
the primary commercial banking subsidiary of SVB Financial Group. The
line of credit is available to finance working capital needs.
"We are very pleased to extend our relationship with Silicon
Valley Bank. The availability of this $15 million credit facility
provides Therma-Wave with additional access to capital, strengthens
our financial position and provides increased flexibility as we focus
on growing our metrology business worldwide. Silicon Valley Bank has
been a valuable partner to Therma-Wave and this credit facility
renewal demonstrates the confidence our bankers have in our business,"
stated Joe Passarello, vice president of finance for Therma-Wave.
"We are proud of Therma-Wave's successes and are happy to offer a
solution that meets the Company's financial service needs," said
Quentin Falconer, senior relationship manager, Silicon Valley Bank.
"Therma-Wave has been a strong member of our nationwide portfolio of
technology companies and we look forward to working with the Company
as they continue to grow and expand."
About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to
emerging growth and mature companies in the technology, life science,
private equity and premium wine industries. Through its focus on
specialized markets and extensive knowledge of the people and business
issues driving them, Silicon Valley Bank provides a level of service
and partnership that measurably impacts its clients' success. Founded
in 1983 and headquartered in Santa Clara, Calif., the company serves
clients around the world through 27 domestic offices and two
international subsidiaries in the U.K. and India. More information on
the company can be found at www.svb.com.
About Therma-Wave, Inc.
Since 1982, Therma-Wave, Inc., has been revolutionizing process
control metrology systems through innovative proprietary products and
technologies. The company is a worldwide leader in the development,
manufacture, marketing and service of process control metrology
systems used in the manufacture of semiconductors. Therma-Wave
currently offers leading-edge products to the semiconductor
manufacturing industry for the measurement of transparent and
semi-transparent thin films; for the measurement of critical
dimensions and profile of IC features; for the monitoring of ion
implantation; and for the integration of metrology into semiconductor
processing systems. For further information about Therma-Wave, Inc.,
access the web site at: www.thermawave.com.
CONTACT: Therma-Wave, Inc.
Joe Passarello, 510-668-2200
SOURCE: Therma-Wave, Inc.