Mark Telford

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10 July 2006


AXT's Bob Ochrym promoted to VP of business development

Compound semiconductor substrate maker AXT Inc of Fremont, CA, USA has promoted Robert Ochrym to the newly formed position of vice president of business development. Ochrym will focus on enhancing AXT's joint
venture operations and worldwide sales efforts. He will also continue to maintain selected high-level substrate customers in North America and Europe. In addition, he will explore possible investment opportunities into complementary businesses where there are product
synergies with AXT's current compound substrate and raw material products.

Ochrym will report directly to Phil Yin, chief executive officer with dotted line reporting responsibility to Davis Zhang, president of joint venture operations and John Cerilli, vice president of global sales and marketing.

Ochrym joined AXT in June 2005 as senior director of international sales and joint venture operations. Prior to AXT, he was national sales manager at Aixtron Inc, where he was responsible for North American sales and marketing functions. Prior to Aixtron, Ochrym held various positions in sales and marketing, business development and product
management at Uniroyal Optoelectronics, Northrop Grumman and Rhone-Poulenc. He received his undergraduate degree from Le Moyne College in Syracuse, New York. Ochrym is currently on the standards committee of SEMI for Electronic Materials (gallium arsenide).

"Over the past year, we have focused tremendous energy into restoring and growing our customer base. The positive results are beginning to show in our continued revenue growth.  Bob has played a key role in this success through his extensive knowledge of both compound semiconductor substrates and raw materials and through his longstanding positive relationships in marketplace," said Yin. "As we move forward, we believe that there are several areas that can yield considerable growth opportunities.  First, we believe that our core business can grow substantially through continued focus on quality and customer service.  Second, we believe that our raw materials business is
increasingly becoming a key strategic differentiator and thus, we will expand our raw materials sales efforts and explore new investment opportunities.  Finally, we will continue to explore complementary businesses to our core product line that we believe would allow us to serve the increasing demand for compound semiconductor substrates.  I am very pleased to be able to leverage Bob's expertise, and the considerable talent and experience of our entire team, towards turning these opportunities into tangible results for our company, our customers and our shareholders."

Visit: http://www.axt.com