Competitive Position Upgrade — Revised: Photronics is the only U.S.-headquartered, publicly traded, independent merchant photomask supplier — and unlike previously characterized, it is in active EUV photomask production with manufacturing-grade IBM R&D agreements at 7nm, 5nm and beyond, and holds the first U.S. merchant multi-beam mask writer with explicit U.S. Government Trusted designation. The national security characterization requires material upgrade.

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