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TGAL > SEC Filings for TGAL > Form 8-K on 30-Dec-2011All Recent SEC Filings

Show all filings for TEGAL CORP /DE/

Form 8-K for TEGAL CORP /DE/


30-Dec-2011

Completion of Acquisition or Disposition of Assets


Item 2.01. Completion of Disposition of Assets

In connection with the proposed sale of its intellectual property portfolio for Nanolayer Deposition Technology (NLD), on December 23, 2011 Tegal Corporation (the "Company") awarded three of the four offered lots to multiple IC and semiconductor equipment manufacturers for aggregate consideration of approximately $4 million, of which the Company has received to date approximately $3.6 million. NLD is a process technology that bridges the gap between high throughput, non-conformal chemical vapor deposition (CVD) and highly conformal, low throughput atomic layer deposition (ALD). The portfolio included over 35 US and international patents in the areas of pulsed-CVD, plasma-enhanced ALD, and NLD.

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