Gloucester's Varian Semiconductor Wind Power Grant

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GLOUCESTER, MA, Jun 15, 2006 (MARKET WIRE via COMTEX News Network) -- Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA) announced today it received a grant of $575,000 from the Massachusetts Technology Collaborative (MTC) Renewable Energy Trust for the design and construction of two wind turbines at its world headquarters property at 35 Dory Road, Blackburn Industrial Park, Gloucester, Massachusetts.

The proposed wind turbines could provide Varian with up to half of its electricity supply. "Receiving the grant from the Massachusetts Technology Collaborative will help us reduce our operating overhead while also protecting the regional environment by using a non-polluting renewable energy resource," said Rick Johnson, Director of Facilities at Varian Semiconductor.

"Varian is in a highly competitive industry -- one that requires companies to look for new methods of reducing costs. Varian is pleased the Renewable Energy Trust of the MTC has supported our project to design and install the two wind turbines at our headquarters. Varian's wind project is an example of corporate social responsibility -- the Company will improve its bottom line while protecting the environment, improving local power quality and helping the region reduce its reliance on imported oil."

Varian Semiconductor Sep 5, 2006 at 12:32 PM
Gloucester, MA