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Rudolph Technologies Appoints Michael Jost to Head Inspection Business Unit

Monday, August 20, 2012 7:00 am EDT

Public Company Information:

NASDAQ:
RTEC
"The inspection business continues to exceed expectations and now accounts for 60 percent of our total revenue"

FLANDERS, N.J.--(BUSINESS WIRE)--Rudolph Technologies, Inc. (NASDAQ: RTEC), a leading provider of process characterization equipment and software for microelectronic manufacturers, today announced the appointment of Dr. Michael Jost as vice president and general manager of the Company’s Inspection Business Unit.

Dr. Jost has over 20 years of experience with scientific products, initially in development, and most recently as vice president and general manager of the Molecular Spectroscopy Business Unit at Thermo Fisher Scientific. He joined Rudolph in April 2012 as supply chain vice president and will assume general manager responsibilities immediately. Jost replaces Nathan Little who will remain with Rudolph working on special corporate-wide growth initiatives at the Company’s headquarters in New Jersey.

“The inspection business continues to exceed expectations and now accounts for 60 percent of our total revenue,” said Paul McLaughlin, chairman and chief executive officer. “In addition to managing a broad product portfolio for both front- and back-end semiconductor manufacturing, Mike will lead the research and development of Rudolph’s next-generation inspection solutions—a critical, ongoing effort that is required to address today’s diverse and emerging process requirements. In addition, he will oversee the Company’s centralized manufacturing operations located in Bloomington, Minnesota.”

Jost holds a B.S. in physics/mathematics from St. John’s University and a PhD in materials science/chemical engineering from the University of Minnesota.

Rudolph Technologies, Inc. is a worldwide leader in the design, development, manufacture and support of defect inspection, process control metrology, and data analysis systems and software used by semiconductor device manufacturers worldwide. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down the costs and time to market of their products. The company’s yield management solutions are used in both the wafer processing and final manufacturing of ICs, as well as in emerging markets such as FPD, LED and Solar. Headquartered in Flanders, New Jersey, Rudolph supports its customers with a worldwide sales and service organization. Additional information can be found on the company’s web site at www.rudolphtech.com.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) which include Rudolph’s business momentum and future growth and Rudolph’s ability to strengthen our market position as well as other matters that are not purely historical data. Rudolph wishes to take advantage of the “safe harbor” provided for by the Act and cautions that actual results may differ materially from those projected as a result of various factors, including risks and uncertainties, many of which are beyond Rudolph’s control. Such factors include, but are not limited to, the company’s ability to leverage its resources to improve its positions in its core markets and fluctuations in customer capital spending. Additional information and considerations regarding the risks faced by Rudolph are available in Rudolph’s Form 10-K report for the year ended December 31, 2011 and other filings with the Securities and Exchange Commission. As the forward-looking statements are based on Rudolph’s current expectations, the company cannot guarantee any related future results, levels of activity, performance or achievements. Rudolph does not assume any obligation to update the forward-looking information contained in this press release.

Contact:

Rudolph Technologies, Inc.
Investors:
Steven R. Roth, 973-448-4302
steven.roth@rudolphtech.com
or
Trade Press:
Virginia Becker, 952-259-1647
virginia.becker@rudolphtech.com

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