the expansion of large diameter post crystal growth processing capability

The Company plans to add a new 2nd generation crystal growth facility near its existing facilities in Illinois which will nearly double the current crystal growth capacity and will house larger furnaces providing even greater ability to serve the growing demand for large diameter substrates. Concurrent with the addition of another crystal growth facility, the Company will build a facility in Asia to expand post crystal growth processing operations. This facility will reduce manufacturing costs while enhancing revenue generating capacity through the expansion of large diameter post crystal growth processing capability.

Mr. Parvez continued, "These expansion initiatives are designed to ensure Rubicon maintains its global leadership in high quality, large diameter sapphire substrates and to ensure our pricing remains competitive while maximizing our revenue and margins generated from our existing and new manufacturing facilities."

Both new facilities are expected to open by the end of next year. Equipment will then be installed and additional capacity will begin to come on-line. While additional capacity will begin coming on-line once the facilities are opened, the Company estimates that it will take approximately twelve months from the opening for all machinery and equipment to be installed and operational. The Company expects to spend between $60 and $65 million over the next two years on these two new facilities.

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