Gigaphoton Enters a New Development Stage

- Company targets future growth ushered in with new slogan: Challenge for NEXT Growth

OYAMA, Tochigi; November 9, 2016 -- Gigaphoton Inc. (Head Office: Oyama, Tochigi; President & CEO: Hitoshi Tomaru; www.gigaphoton.com), a leading manufacturer of light sources used in lithography, has announced that the company has designated 2016, the 16th anniversary of its inception, as the year of its entry into a new stage of development, and has set its sights on achieving new levels of growth that will benefit the company and its valued clients.

Established on August 1, 2,000, Gigaphoton commemorated its 15th Anniversary last year. At the time of its establishment, Gigaphoton's share of the DUV excimer laser market was approximately 10%*. Today, however, the company has achieved cumulative sales of over 1,300 units with a 2015 market distribution share of some 60%* and levels of record sales. Against this backdrop, Gigaphoton has designated 2016 as the entry point to its second development phase, and aims to achieve even more impressive growth. In addition to continuing its excimer laser business activities in the semiconductor lithography industry, Gigaphoton plans to expand into new fields like FPD manufacturing with its GIGANEX series. Gigaphoton's EUV light sources have successfully attained reliable outputs of 250W, and the company intends to transcend beyond this achievement by accelerating development focused on implementing mass production of the product.

Towards achieving this goal, Gigaphoton began construction work on a new building this fall as a part of its investment in the future. Scheduled to be completed in June 2017, this endeavor will increase manufacturing space by 50% while increasing production scale by up to 70%. The company is also hiring additional staff to augment the company structure in an effort to ensure it is capable of delivering higher levels of reliability, and can satisfy customer needs more swiftly and attentively than ever before.

Hitoshi Tomaru, President & CEO of Gigaphoton says, "Since the company's inception, we at Gigaphoton have remain committed to the manufacture and sale of excimer lasers for semiconductor lithography, and presently we are embarking on an exciting new stage of development. Going forward, we intend to dedicate efforts towards our GIGANEX series and EUV products, which offer highly valued solutions, while also improving the quality of our existing DUV lasers and augmenting our customer support structure. Through such efforts, we are committed to continuing to serve as a company that grows together with our clients."

*market share figures are based on company research

About Gigaphoton

Since it was founded in 2000, Gigaphoton has delivered valuable solutions to semiconductor manufacturers throughout the world as a laser supplier. In every stage from R&D to manufacture, sales, and maintenance services, Gigaphoton is committed to providing world-class support delivered from the perspective of everyday users. For more information please visit www.gigaphoton.com.

Media contact:

Gigaphoton Inc.

Akinori Matsui, +81-285-37-6931

Corporate Planning Division

web_info@gigaphoton.com