adversity creates opportunity photronics annual report 2001 weakens the weak and strengthens strong 1 inc & subsidiaries is world s leading manufacturer of reticles also known as photomasks innovator in application advancement reticle technologies are high precision quartz plates containing microscopic images electronic circuits an enabling technology manufacture semiconductors transfer circuit patterns onto semiconductor wafers during fabrication integrated critical production microelectronic mechanical systems mems biosensors a variety photonics devices produced at strategically located manufacturing facilities asia europe north america accordance with design data provided by customers safe harbor statement under private securities litigation reform act 1995 except for historical information matters discussed this that may be considered forward looking statements subject to certain risks uncer tainties could cause actual results differ materially from those projected including uncertainties market pricing competition procurement efficiencies other detailed time company sec reports
