Applied Materials and Tokyo Electron to become Eteris post merger

BANGALORE, INDIA: Applied Materials, Inc. and Tokyo Electron Limited today unveiled the new name and logo of their combined company which will be used once the merger closes. Derived from the concept of eternal innovation for society, Eteris embodies the spirit of what will drive the new company and speaks to what makes the combination unique.

"The new name for our combined company builds on the strong legacies of Applied Materials and Tokyo Electron, creating something even greater than the sum of the two," said Tetsuro Higashi, chairman, president and CEO of Tokyo Electron.

"At the time we announced our plans to merge, we said this was a bold step forward for our industry. The name Eterisdemonstratesour commitment to a new and exciting future for our company to create and enable technology innovations that improve the way people live."

"Eterisis innovative and forward-looking and our logo symbolizes expanding future opportunities driving a new era of innovation and growth," said Gary Dickerson, president and CEO of Applied Materials. "With a new name, mission and vision, we are bringing our new company into focus so that we can move quickly, execute our combined strategy and begin to create value as soon as the merger closes."

Eteris captures the company's focus on innovations that will enable its customers and move the industry forward. Core to Eteris is the promise to leave a positive and lasting impact on the world.Paired with the name is a bold logo that celebrates Eteris' role in realizing the incredible possibility of technology.

At the heart of the mark, the bright green square symbolizes the energy of the new company, the power of its technology and the foundation of innovation it provides to enable customer success. From the green foundation, bright colors and new dimensions expand, representing the many innovations Eteriswill make possible every day.The logo represents expanding future opportunities that drive new innovation and growth.

Applied Materials and Tokyo Electron expect the transaction to close in the second half of 2014.