Rubicon Technology, Inc. Reports Strong Third Quarter 2010 Results: EPS of $0.35

Rubicon Technology, Inc. RBCN, a leading provider of sapphire substrates and products to the LED, RFIC, Semiconductor, and Optical industries, today reported financial results for its third quarter ended September 30, 2010 and announced the opening of two new manufacturing facilities. Third Quarter Results and Fourth Quarter Outlook Third Quarter 2010 Financial Highlights * Revenue rose to $20.5 million, up 30 percent sequentially * Gross margin increased 8 percentage points to 54 percent * Operating margin reaches 40 percent * Diluted earnings per share nearly doubles sequentially to $0.35