HMT to Supply Western Digital Corporation with Advanced Magnetoresistive Media for its Newest 9.1GB Enterprise Storage Product

Business Wire, Oct 8, 1997

FREMONT, Calif.--(BUSINESS WIRE)--Oct. 8, 1997--HMT Technology today announced that Western Digital Corporation has qualified HMT's magnetoresistive, laser-textured media for its just announced 9.1GB enterprise storage product.

"We are pleased to have been selected as a primary supplier for this new, second generation enterprise storage product by Western Digital," Ron Schauer, Chairman and President of HMT said. "This program incorporates HMT's advanced MR, laser-textured media. Completing the qualification was a tremendous cooperative development team effort between Western Digital and HMT which continues the close relationship developed with the first generation enterprise storage product introduced over a year ago."

The statements in this news release may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. Further information on factors that could affect the company's results is detailed in the company's reports on Form 10-K for the year ended March 31, 1997 and Form 10-Q for the period ended June 30, 1997, as filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.

HMT Technology Corporation independently designs, develops, manufactures and markets high-performance thin-film disks. The company's products are used in high-capacity hard disk drives for a variety of high-end applications, including personal computers, network servers and workstations, and certain removable hard-disk drive applications. The disks currently being shipped by HMT all have coercivity levels of 2000 to 2400 Oersted, a measure of storage capacity, and glide heights of 1.5 to 1.0 microinches. The company's shares are traded on the Nasdaq National Market under the symbol HMTT. Additional information may be obtained by visiting HMT's website at http://www.hmtt.com or by contacting the company directly.

CONTACT: HMT Technology Corporation

Jon van Bronkhorst, 510/490-3100

or

Stapleton Communications

Anna Yen, 650/237-8489