Tegal Corp. (Nasdaq:TGAL) announced that bids for the company's intellectual property portfolio for Nanolayer Deposition Technology (NLD™) will be accepted until 5 p.m. PDT on October 15, 2011. Tegal extended the bid deadline, originally set for today, after several additional IC and semiconductor equipment manufacturers expressed interest in the IP portfolio.

Since its founding in 1972, Tegal Corporation has been dedicated to the development and application of emerging technologies. Often on the forefront of major inventions, Tegal's process and capital equipment know-how enabled the development and manufacturing of leading-edge devices - from early microprocessors to advanced memory and LEDs, as well as to newest filtering and sensing devices that are present in the most advanced smart phones.

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