October 27, 2006
By: by Nicolas Mokhoff, EE Times
MANHASSET, N.Y. — The New York State Assembly is providing $30 million to relocate Vistec Lithography Inc.'s global headquarters, R&D, manufacturing and business operations from Cambridge, U.K., to Watervliet, N.Y.
At a news conference Thursday (Oct. 19), Assembly Speaker Sheldon Silver, said Vistec will be relocating over a five-year period as part of its partnership with the Arsenal and Business Technology Partnershipand the Collegeof Nanoscale Science and Engineeringof the University at Albany, Silver said
Vistec is expected to invest $125 million at the Arsenal campus and lease approximately 25,000 square feet of space in the Arsenal's Building 125 where renovations have already begun to equip it with clean rooms, offices and production space. The move is expected to create 130 high-technology jobs.
Vistec Lithographyis the U.S. successor to Leica Microsystems Lithography. Its newest product lines include a 300-mm wafer technology
"Today's announcement continues our efforts to put this region on the map as a center for new technology development, research and manufacturing," said Assemblyman Ron Canestrari. Canestrari represents Watervliet, the Watervliet Arsenal Complex and several surrounding communities.
Vistec has approximately 150 European employees. It's not known how the move will affect them.
The company's current facilities are in Cambridge and Jena, Germany.