Ultratech, Inc. develops, manufactures and markets photolithography, and laser thermal processing equipment for manufacturers of integrated circuits (Ics) and nanotechnology components located throughout North America, Europe, Japan, Taiwan and Asia. The Company supplies step-and-repeat photolithography systems based on one-to-one imaging technology. Within the Ic industry, Ultratech targets the market for advanced packaging applications. Within the nanotechnology industry, its target markets include thin film head magnetic recording devices, optical networking devices, laser diodes and light-emitting diodes (Leds). The Company's laser thermal processing equipment is targeted at advanced annealing applications within the semiconductor industry. During the year ended December 31, 2005, Intel Corporation accounted for 13% of Ultratech's net sales.