Bentek receives major equity funding for next phase of growth
 
 
San Jose, CA --- December 05, 2006--- Bentek, an innovate manufacturing and engineering company, today announced it has completed a major round of private equity funding from Fundamental Capital, Pacific Community Ventures and JP Morgan. While all of these firms have previously invested in Bentek, Pacific Community Ventures (“PCV”) will be playing a larger role, including the addition of John Thornton, PCV Managing Director, to the Board of Directors at Bentek.

”Bentek’s experienced management team combined with its well trained, loyal workforce have positioned the Company as one of the leading contract electro-mechanical manufacturers,” said PCV Managing Director John Thornton. “The Company’s high quality manufacturing services combined with innovative design and engineering support should continue to drive the Company’s future growth, and we look forward to working closely with the Company to insure its ongoing success.”

The new investment will fund the expansion of Bentek’s operations by providing more working capital as the company continues to grow. In addition to Bentek’s manufacturing capabilities, Bentek’s engineering group has undertaken a major design effort to improve the performance and reliability, while lowering costs, of the power systems for a major semiconductor equipment manufacturer.

Matt Pitchon, CEO and President said “This expansion round will position Bentek to serve our customers with higher levels of quality, innovative product solutions and on-time delivery. It is gratifying to see our investor’s understanding of our business translate into the willingness to provide growth capital, a critical element of our continued success.”

About Bentek
Founded in 1985, Bentek provides high-complexity, low-volume subsystems and assemblies to capital equipment manufacturers. The company's customer base includes semiconductor equipment manufacturers, flat panel market equipment manufacturers, and RFID equipment manufacturers’. Bentek also works with OEMs in the government and aerospace industries.

About Fundamental Capital
Fundamental Capital, based in San Francisco, invests in businesses generating revenue between $5 million and $50 million. The firm is comprised of 21 Founding Investors and 12 Operating Partners who work actively with portfolio companies to achieve their strategic objectives. Fundamental Capital partners with management teams to provide hands-on strategic and operating guidance thereby helping companies achieve their full potential.

About Pacific Community Ventures
Pacific Community Ventures is a private equity fund focused on investing in small, high growth California businesses, with a focus on those areas within California that have historically had limited access to institutional equity capital, particularly those companies who hire a large percentage of their workforce from low-income communities. Headquartered in San Francisco and with regional offices in Fresno, Los Angeles and San Diego, PCV invests $1 to 5 million per transaction throughout California in support of growth, buyouts and recapitalizations.
     
  Bentek Provides Full System Build to Neutronix/Quintel
 
  San Jose, CA --- October 18, 2006--- The merger of the Morgan Hill, Calif.-based photolithography systems specialist Neutronix, Inc. (www.neutronixinc.com) with Quintel (http://www.quintelcorp.com), a leading provider of new microlithography tools for the opto-electronic, microsystem and nanotechnology markets, necessitated outsourcing the production of the companies’ advanced lithography tools. As a full system-build specialist with extensive experience in precision optics, Bentek is well equipped to become the virtual factory and systems integrator for the newly merged companies. Bentek began building systems for Neutronix/Quintel in August, 2006.
 
     
  Bentek Manufacturing, Inc., Acquired by Fundamental Capital
 
  SAN JOSE, CA – May 4, 2005 -- Bentek Manufacturing, Inc., a San Jose, California-based provider of subsystems and assemblies, today announced its acquisition by Fundamental Capital, LLC, a San Francisco-based private equity firm. Founded by Binh Nguyen in 1985, Bentek provides high-complexity, low-volume subsystems and assemblies to capital equipment and emerging high-tech industrial customers. With over $40 million of revenue, Bentek’s services include engineering, design, supply chain management, and contract manufacturing.

“Our goal was to find an investment partner that would provide not only capital, but strategic guidance to help our company navigate the significant opportunities that lie ahead,” said Matt Pitchon, who was promoted from Chief Operating Officer of Bentek Manufacturing to Chief Executive Officer of Bentek Corporation. “The depth of Fundamental Capital’s investor base and strong leadership at the board level will enable Bentek to broaden our service offering to existing and new customers.”

“The Bentek acquisition fits squarely into Fundamental Capital’s investment objectives”, said Kevin Keenley, Managing Principal of Fundamental Capital. “The commitment of Bentek’s employees and the company’s ability to successfully serve its customers is evidenced by Bentek’s double-digit revenue growth. The company has reached an inflection point where it will benefit substantially from access to capital and the hands-on involvement by our investment group.”

Bob Puette will join Bentek as its new chairman. Mr. Puette has held numerous executive positions throughout his career, including executive positions with Hewlett Packard and president of the Apple USA division of Apple Computers. He also served as Chairman and CEO of Netframe Systems and the CEO of Centigram Communications. Mr. Puette has served on several public and private company boards, including Cisco Systems and Quality Semiconductor.

“Bentek’s success has been driven by the company’s ability to meet the complex needs of its customer base,” remarked Puette. “Bentek’s long-term, single source relationships with its customers are a tremendous asset upon which to build. We will leverage Bentek’s strengths to continue to provide additional outsourcing opportunities to capital equipment manufacturers.”

Pacific Community Ventures and The Bay Area Equity Fund, a fund managed by JP Morgan, are equity co-investors in the transaction. Both firms have a double bottom line investment strategy, which emphasizes a social return to the community in addition to financial returns. This social return is measured by a company’s performance in terms of job growth, training, incentives, and career advancement opportunities for employees located in low to moderate income geographic areas.
The acquisition of Bentek marks the second investment for Fundamental Capital in the past four months. Fundamental Capital recently invested growth capital into Allen Technologies, Inc., a leading provider of on-demand hospital patient entertainment, communication and education services.

About Bentek Corporation
Founded in 1985, Bentek is the leading provider of high-complexity, low-volume subsystems and assemblies to capital equipment and emerging high-tech industrial companies in the semi-conductor, flat panel, government, aerospace, and RFID sectors. More information can be found at www.bentek.com.

About Fundamental Capital
Fundamental Capital is a private equity firm that invests $2 million to $10 million into businesses generating revenues between $5 million and $50 million. The firm is comprised of 20 Founding Investors and 12 Operating Partners who work actively with portfolio companies to achieve their strategic objectives. More information can be found at www.fundamentalcapital.com.
 
     
  Bentek Signs Exclusive Manufacturing Agreement with Applied MicroStructures, Inc.
 
  February, 2004 --- San Jose, CA --- Bentek will provide complete system integration services, materials sourcing, testing and documentation, in addition to specific engineering designs, to Applied MicroStructures, a leading technology start-up, designs and markets advanced technology systems for the Micro-Electro-Mechanical Systems (MEMS), BioMEMS and nano-technology industries. The alliance provides Applied MicroStructures with expert engineering and manufacturing capabilities for its line of advanced systems.

“This partnership exemplifies the synergy between technology and engineering / manufacturing companies. Applied MicroStructures will have world-class engineering and manufacturing capabilities that will satisfy customer demands while Bentek is forging a complete system integration – a growing demand in the CM market,” said Binh Nguyen, founder and chairman of Bentek,

“Technology at a competitive cost is the key to success in high-tech. To have a highly flexible, high quality, low cost engineering & manufacturing partner in such a close proximity to us will assist in our success and ultimately benefit our customers.” Said Jeff Chinn, AMST CEO.
 
     
  Bentek awarded Ultratech Stepper Supplier Excellence Award and Novellus Outstanding Service Award
 
  May, 2002 --- San Jose, CA --- In addition to being recognized as a service leader by our customers, this year Bentek won an award from one of our suppliers. We received a plaque from Schneider Electric: "Bentek has been recognized as a Square D Authorized Panel Builder. This certifies that they have met all service and technology requirements and have committed to providing superior electrical equipment to their customers." Only ten EMS firms world wide have been chosen to participate in this program, and Bentek is privileged to be the Silicon Valley representative.  
 
 
 
 
HEADQUARTERS: 2350 Harris Way, San Jose, CA 95131   Main: (408) 954-9600   Fax: (408) 954-9688   sales@bentek.com
 
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