Axcelis Technologies Re-Affirms Financial Guidance for the Fourth Quarter

December 9, 2002 at 3:49 PM EST

BEVERLY, Mass.--(BUSINESS WIRE)--Dec. 9, 2002--Axcelis Technologies, Inc. (Nasdaq: ACLS) today re-affirmed its financial guidance for the fourth quarter 2002 during an investor meeting hosted by Goldman Sachs. The company said that it re-affirms its previously stated guidance issued on October 23, 2002 of worldwide revenue (including SEN) in the range of $95 - $105 million, net revenue (excluding SEN) between $60 - $70 million, gross margins in the 30% range and a loss per share of $0.08 - $0.10. The company plans on releasing its fourth quarter and year-end results on January 23, 2003.

About Axcelis Technologies, Inc.

Axcelis Technologies, Inc., headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation, rapid thermal processing, and cleaning and curing systems. Axcelis Technologies has key technology centers in Beverly, Massachusetts, and Rockville, Maryland as well as in Toyo, Japan through its joint venture, SEN. The company's Internet address is: www.axcelis.com.

CONTACT:

Company Contact:
Axcelis Technologies, Inc.
Maureen Hart, 978/787-4266
maureen.hart@axcelis.com
or
Investor Contact:
Axcelis Technologies, Inc.
Mark Namaroff, 978/787-4000
investor.relations@axcelis.com
or
Agency Contact:
The Loomis Group Inc.
Stacy Grisinger, 617/638-0022
grisingers@loomisgroup.com