Ultra Clean Announces Departure of Chief Operating Officer

Ultra Clean Holdings, Inc. -4.77% Post

Ultra Clean Holdings, Inc.

UCTT

48.34

47.61

-4.77%

-1.51% Post

HAYWARD, Calif., Oct. 30, 2023 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that Vijay Chinnasami, Chief Operating Officer, will be leaving UCT as of December 31, 2023.

(PRNewsfoto/Ultra Clean Holdings, Inc.)

"Over the past four and a half years, Vijay has made substantial contributions to UCT's growth by effectively diversifying and scaling our global business on many levels," said Jim Scholhamer, CEO. "We sincerely thank Vijay for his leadership in implementing many strategic initiatives, integrating acquisitions, adding new global facilities, and spearheading industry-leading manufacturing automation solutions. We wish him all the best in his future endeavors."

A search is underway for Mr. Chinnasami's replacement and an announcement will be made in due course.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Contact:

Rhonda Bennetto

SVP Investor Relations

rbennetto@uct.com

Safe Harbor Statement

The foregoing information contains, or may be deemed to contain, "forward-looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "projection," "outlook," "forecast," "believes," "plan," "expect," "future," "intends," "may," "will," "estimates," "see," "predicts," "should" and similar expressions to identify these forward-looking statements. Forward-looking statements included in this press release include our expectations about the semiconductor capital equipment market and outlook. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, the Company's actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors also include, among others, those identified in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations'' and elsewhere in our annual report on Form 10-K for the year ended December 30, 2022, as filed with the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise unless required by law.

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SOURCE Ultra Clean Holdings, Inc.

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