Ultratech, Inc. Announces Results of Annual Meeting of Stockholders

SAN JOSE, Calif.--(BUSINESS WIRE)--Ultratech, Inc. (Nasdaq: UTEK), a leading supplier of lithography and laser-processing systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), today announced results from its annual meeting of stockholders held in Santa Clara, California.

The items voted upon included the election of Arthur W. Zafiropoulo, Joel F. Gemunder, Nicholas Konidaris, Dennis Raney, Henri Richard, Rick Timmins and Ben Tsai to the Board of Directors for terms ending upon the 2012 annual stockholders' meeting. The company's stockholders also ratified the appointment of Ernst & Young, LLP, to serve as independent auditors for the Company during the fiscal year ending December 31, 2011; approved certain amendments to the Company’s 1993 Stock Option/Stock Issuance Plan, including an amendment to increase the number of shares reserved for issuance under the plan; approved the compensation of the Company’s named executive officers and approved a yearly advisory vote on executive compensation.

The meeting was broadcast through a live webcast. A replay of this webcast is currently available through the Company's website at www.ultratech.com.

About Ultratech: Ultratech, Inc. (Nasdaq: UTEK) designs, manufactures and markets photolithography and laser processing equipment. Founded in 1979, the company's market-leading advanced lithography products deliver high throughput and production yields at a low, overall cost of ownership for bump packaging of integrated circuits and high-brightness LEDs (HB-LEDs). A pioneer of laser processing, Ultratech developed laser spike anneal technology, which increases device yield, improves transistor performance and enables the progression of Moore’s Law for 45-nm and below production of state-of-the-art consumer electronics. Visit Ultratech online at: www.ultratech.com.

(UTEK-F)