Vice President, Investor Relations &
first quarter FY 2013 Revenue
Guidance to the High End of the Range in Advance of
Presentation at Stifel Nicolaus Technology Conference
BROOKFIELD, Connecticut February 6, 2013
-- Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics
industry, narrowed its guidance range on revenue for the first quarter of fiscal 2013.
Photronics expects revenues for the first quarter ended January
27, 2013 will be in the range of $99 million to $100 million compared with previous guidance announced on December 5, 2012 of $96
million to $100 million.
"High-end semiconductor orders began to strengthen late
in the quarter and flat panel display (FPD) photomask demand gained momentum as the quarter progressed." stated Constantine
("Deno") Macricostas, Photronics' chairman and chief executive officer. "The IC business was soft at the beginning
of the quarter, as we anticipated, but demand for high-end masks accelerated in January."
Photronics is scheduled to present at the Stifel Nicolaus 2013
Technology Conference on Wednesday, February 6, 2013 at 10:55 a.m. Pacific Time at the Ritz-Carlton Hotel in San Francisco. A live
webcast of the Fireside Chat can be accessed at www.photronics.com.
Photronics plans to announce its fiscal first quarter 2013 financial
results at 4:30 p.m. Eastern Time on Wednesday, February 13, 2013 and host a conference call with investors to discuss these results
at 8:30 a.m. Eastern Time on Thursday, February 14, 2013. The live dial-in number is (408) 774-4601. The call can also be accessed
by logging onto Photronics' web site at www.photronics.com.
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Photronics is a leading worldwide manufacturer of photomasks.
Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture
of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat
panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other
types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically
located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com.
The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements made by or on behalf of Photronics,
Inc. and its subsidiaries (the Company). The forward-looking statements contained in this press release and other parts of Photronics’
web site involve risks and uncertainties that may affect the Company’s operations, markets, products, services, prices, and
other factors as discussed in filings with the United States Securities and Exchange Commission. These risks and uncertainties
include, but are not limited to, economic, competitive, legal, governmental, and technological factors. Accordingly, there is no
assurance that the Company’s expectations will be realized. The Company assumes no obligation to provide revisions to any