Oct 16, 2008. /Lesprom.com/. Ultratech, Inc. (NASDAQGM: UTEK - News) today announced unaudited results for the three-month and nine-month periods ended September 27, 2008. For the third quarter of fiscal 2008, Ultratech reported net sales of $34.4 million, up 36.7%, compared to $25.2 million during the third quarter of 2007. Ultratech’s net profit for the third quarter of 2008 was $3.3 million or $0.14 per share (diluted), compared to a net loss of $0.9 million or $0.04 per share for the same quarter last year. For the first nine months of 2008, Ultratech reported net sales of $97.6 million, up 18.2% compared to net sales of $82.6 million in the first nine months of 2007. Ultratech posted net income of $7.8 million or $0.33 per share (diluted) during the first nine months of 2008, compared to a net loss of $3.1 million or $0.13 per share in the first nine months of 2007. Arthur W. Zafiropoulo, Chairman and Chief Executive Officer stated, “Ultratech achieved another quarter of solid results as we executed on our strategy to drive growth in our served markets. Momentum continued in the LSA business as evidenced by orders received during the quarter and we increased our market share in the advanced packaging business.” “Ultratech has a solid business model with a strong balance sheet, no debt and leading-edge proprietary technologies for our customers,” continued Zafiropoulo. “In this current environment, it is imperative that we further our ongoing efforts to deliver superior customer support and provide semiconductor manufacturers with reliable solutions that enable advantages in both technology and cost-effective products for our served markets.” “Our company will remain focused on cost discipline and operational management and as a result we feel Ultratech is well positioned to meet our objectives providing solid financial results that deliver intrinsic value back to our stockholders,” concluded Zafiropoulo. At September 27, 2008, Ultratech had $152 million in cash, cash equivalents and short-term investments. Working capital was $181 million and stockholders’ equity was $7.99 per share based on 23,478,838 total shares outstanding on September 27, 2008.