JMAR Signs With SG Cowen Securities

SAN DIEGO, Dec. 11 -- JMAR Technologies Inc. has signed an agreement with SG Cowen Securities Corp. to assist in commercializing its collimated plasma lithography (CPL) systems.

Under a series of contracts funded by the US Defense Advanced Research Projects Agency, JMAR demonstrated a laser-produced plasma source capable of creating 1 nm, "soft" x-ray light for semiconductor photolithography, which is undergoing functional testing and operator training at its San Diego facility. The CPL source will then be integrated with an x-ray stepper at JMAR's JSAL facility in Burlington, Vt., followed by lithography wafer exposures and lithography demonstrations for the semiconductor industry.

JMAR's plans to sell its CPL technology to fabricators of high-performance gallium arsenide semiconductors for military and commercial markets.

JMAR president and CEO Ronald A. Walrod said, "With the pre-shipment testing of JMAR's CPL source well underway and with planned lithography wafer exposures and demonstrations planned for early 2003, now is the time to add an experienced investment banker to our CPL team to assist us in our discussions with prospective semiconductor industry alliance partners."

For more information, visit: www.jmar.com