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AXT, Inc. Schedules Special Conference Call

FREMONT, CA, Mar 24, 2009 (MARKET WIRE via COMTEX) -- AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will hold a conference call on Thursday, March 26, 2009 at 1:30 PM PT to discuss its recent change in management. As the Company has not yet completed its first quarter of fiscal 2009, there will be no discussion of financial results on the call.

The conference call can be accessed at (719) 325-4804 (passcode 8800604). The call will also be simulcast on the Internet at www.axt.com. Additional investor information can be accessed at http://www.axt.com or by calling the company's Investor Relations Department at (510) 683-5900. In addition, the company will announce its first quarter 2009 financial results on Wednesday, April 29, 2009.

About AXT, Inc.

AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China. In addition, AXT maintains its sales, administration and customer service functions at its headquarters in Fremont, California. The company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at http://www.axt.com.

Contacts:

Wilson W. Cheung
Chief Financial Officer
(510) 683-5900

Leslie Green
Green Communications Consulting, LLC
(650) 312-9060


SOURCE: AXT, Inc.