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15 December 2009


Tegal regains NASDAQ compliance as it appoints independent board member

Plasma etch and deposition system maker Tegal Corp of Petaluma, CA, USA has appointed Ferdinand Seemann to its board of directors. Seemann will serve on three standing committees of the board, including Audit, Compensation and Nominating/Governance.

Seemann is CEO of se2quel Partners LLC, a technology consulting firm with offices in the USA, Europe, Middle East and Asia. With roots in the semiconductor industry, se2quel is also a global utility-scale photovoltaic consulting firm. Before founding se2quel Partners in 2003, Seemann held senior positions in technology companies, including VP of Lam Research Corp, executive VP of Mattson Technology, president & CEO of Steag Microtech, and president & owner of Seemann Engineering. Seemann started his career as a process engineer at Wacker Siltronic in Germany. He also has a BSEE from the Fachhochschule Regensburg and mastered in ‘Novel, cost efficient photovoltaic systems’ in 1985.

“An inventor, entrepreneur, experienced executive and industry leader, Ferdinand’s achievements, particularly in the field of photovoltaics, are well known throughout the sun-belt countries, as well as in the USA and Europe,” says chairman, president & CEO Thomas Mika. “His substantial business experience and his insight into potential opportunities for Tegal Corporation will be extremely valuable as we continue to look for new, attractive growth opportunities that can help drive profitability as the capital equipment market begins to emerge from the downturn,” he adds.

“Over the last couple years, Tegal has made significant progress in focusing on some of the more exciting future growth markets in the industry,” comments Seemann.

On 10 December, Tegal confirmed with The NASDAQ Stock Market that, as a result of the appointment of Seemann to the board, it had satisfied all the conditions necessary to regain compliance with NASDAQ’s independent directors requirement for continued listing, as set forth in Rule 5606(b)(1) and NASDAQ’s audit committee composition requirements for continued listing as set forth in Rule 5605(c)(2)(A).

See related items:

Tegal’s revenue falls further, but orders and losses rebound

Tegal declares going concern qualification

Tegal’s quarterly revenue down 74% year-on-year

Tegal given cure period to comply with NASDAQ listing requirements

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