DPR Construction Selected to Build Tencor Instruments Headquarters

November 27, 1995

$50 million corporate campus includes five buildings totaling 550,000 square feet

DPR Construction Selected to Build Tencor Instruments Headquarters
$50 million corporate campus includes five buildings totaling 550,000 square feet
Redwood City, CA, November 27, 1995 DPR Construction, Inc., an aggressive, forward-thinking building contractor specializing in technically demanding projects in the microelectronics, biopharmaceutical, health care, and high-end corporate office areas, today announced that it has been selected by Tencor Instruments (NASDAQ:TNCR) to build the company’s new $50 million, five-building corporate headquarters campus in Milpitas, CA.

The 550,000 square foot campus will include corporate office space, over 25,000 square feet of Class 100 cleanroom area, a 2,000 square foot Class 10 clean room, and electronic laboratories. Pre-construction on this fast-track project will begin this month. Construction is expected to start in late 1995 and is targeted for completion by the end of 1996.

SELECTION CRITERIA

Tenor chose DPR for a number of reasons, according to John Henderson, Manager of Corporate Real Estate and Facilities at Tencor. “Two of DPR's key strengths are experience in fast-track clean room construction and high-end corporate office construction,” said Mr. Henderson. “They're a perfect fit for what we’re trying to achieve with our new campus.” DPR has completed similar corporate campus work for many San Francisco Bay Area customers, including Advanced Micro Devices (AMD),Taligent, General Magic, and Addison-Wesley. In addition, DPR has built large-scale fast-track cleanrooms for Rockwell Telecommunications, VLSI Technology, and LSI Logic among others.

“This will be one of the top two or three technology projects built in the San Francisco Bay Area over the next year,” said Doug Woods, one of DPR's founders. “We're very excited that Tencor has selected us for this important project.”

ABOUT DPR CONSTRUCTION

Last month, Inc. magazine ranked DPR the third fastest growing privately-held company in the United States, as measured over its last five years of operation. The ranking makes DPR the fastest growing company in the Bay Area over the five year period. The Entrepreneur of the Year Institute (recently honored the company by naming its founders the Northern California Entrepreneurs of the Year in construction for 1994. DPR was among the Top 25 General Contractors in the San Francisco Bay Area in 1994 according to The San Jose Business Journal. In its five years of operation, DPR has grown to $176 million in revenue in 1994. The company expects to exceed $200 million in revenue in 1995. DPR Construction, Inc. is located at 555 Twin Dolphin Drive, Second Floor, and Redwood City, CA 94065 and can be reached by calling (650) 474-1450. DPR also has offices in Austin, Newport Beach, Phoenix, Sacramento, San Diego, and Seattle.