As Photronics Chairman and Founder Constantine "Deno" Macricostas told Photronics employees worldwide in an open letter published in 'The Photon,' the Company's internal newsletter, "the best days lie ahead." Building upon decades of success in which Photronics has driven to the leadership position in the global photomask industry, the Company is poised for growth.

As the semiconductor industry progresses along its technology roadmap, greater significance is placed on the photomask service supplier, who must be able to provide solutions that satisfy demanding technology challenges while operating at an efficiency level that can accommodate a price structure its customers can absorb. With an unprecedented commitment to technology, Photronics is well positioned to expand the variety and levels of technology services provided to semiconductor companies all around the world.  Recognized as the most cost-efficient photomask service provider, Photronics is committed to translating those efficiencies into an improvement of its already unparalleled level of service to its customers.

With the most experienced and visionary team in the industry, Photronics has been able to navigate the ups and downs of the industry - not just by remaining profitable, but also consistently reaching revenue milestones. This team's strategic plan for the Company targets future vertical and horizontal growth through potential mergers, acquisitions and organic growth in the demand for photomask technology and services.

Finally, the construction of a manufacturing facility in Shanghai, China will position Photronics as a key photomask supplier to the world's fastest-growing semiconductor region.