TEMPE, Ariz. — Amtech Systems, Inc. (NASDAQ:ASYS), a global supplier of production and
automation systems and related supplies for the manufacture of solar
cells, semiconductors, and silicon wafers, today announced that its
solar subsidiary, Tempress Systems, Inc., has received approximately $19
million in solar orders for its diffusion processing systems from
several new and existing customers in Asia. The orders are expected to
ship in the second half of calendar 2010. Amtech’s total solar orders to
date in fiscal 2010, including these most recent orders, have surpassed
$70 million. Amtech’s fiscal 2010 began October 1, 2009.
J.S. Whang, President and Chief Executive Officer of Amtech, commented,
“These latest orders are from both new and existing customers and
demonstrate the growing solar manufacturing market in Asia and the
significant presence that Tempress has developed in the region in a very
short period of time through superior diffusion technology. I am very
pleased that an increasing number of top tier solar cell manufacturers
are recognizing our diffusion technology and our capability to support
their high efficiency solar cell programs, as evidenced by the high
level of orders received fiscal year-to-date. We believe the intense
effort by our customers and the solar industry to increase cell
efficiency will continue to drive demand for our diffusion technology
and related products. We continue to see excellent quotation activity
and remain focused on continued successful execution of our solar growth
strategy.”
About Amtech Systems, Inc.
Amtech Systems, Inc. manufactures capital equipment, including silicon
wafer handling automation, thermal processing equipment and related
consumables used in fabricating solar cells and semiconductor devices.
Semiconductors, or semiconductor chips, are fabricated on silicon wafer
substrates, sliced from ingots, and are part of the circuitry, or
electronic components, of many products including solar cells,
computers, telecommunications devices, automotive products, consumer
goods, and industrial automation and control systems. The Company’s
wafer handling, thermal processing and consumable products currently
address the diffusion, oxidation, deposition, PECVD, and PSG removal
steps used in the fabrication of solar cells, semiconductors, MEMS and
the polishing of newly sliced silicon wafers.
Statements contained in this press release that are not historical
facts may be forward looking statements within the meaning of the
Private Litigation Reform Act. Such statements may use words such as
“proposed,” “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“predict,” “project” and similar expressions as they relate to Amtech
Systems, Inc. or our management. When we make forward-looking
statements, we are basing them on our managements beliefs and
assumptions, using information currently available to us. Although we
believe that the expectations reflected in the forward looking
statements are reasonable, these forward-looking statements are subject
to risks, uncertainties and assumptions including the risks discussed in
our filings with the Securities and Exchange Commission. If one or more
of these risks materialize, or if our underlying assumptions prove to be
incorrect, actual results may vary materially from what we projected.
Any forward looking statements contained in this press release reflect
our current views with respect to future events and are subject to these
and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity. We
have no intention, and disclaim any obligation, to update or revise any
forward-looking statements, whether as a result of new information,
future results or otherwise.
A replay of the conference call will also be available for one week by
calling 888-266-2081, or 703-925-2533 from international locations. The
access code for this call is 1427610.
The audio webcast will remain available on Intuit’s Web site for one
week after the conference call.
TEMPE, Ariz. — Amtech Systems, Inc. (NASDAQ:ASYS), a global supplier of production and
automation systems and related supplies for the manufacture of solar
cells, semiconductors, and silicon wafers, today announced that its
solar subsidiary, Tempress Systems, Inc., has received approximately $19
million in solar orders for its diffusion processing systems from
several new and existing customers in Asia. The orders are expected to
ship in the second half of calendar 2010. Amtech’s total solar orders to
date in fiscal 2010, including these most recent orders, have surpassed
$70 million. Amtech’s fiscal 2010 began October 1, 2009.
J.S. Whang, President and Chief Executive Officer of Amtech, commented,
“These latest orders are from both new and existing customers and
demonstrate the growing solar manufacturing market in Asia and the
significant presence that Tempress has developed in the region in a very
short period of time through superior diffusion technology. I am very
pleased that an increasing number of top tier solar cell manufacturers
are recognizing our diffusion technology and our capability to support
their high efficiency solar cell programs, as evidenced by the high
level of orders received fiscal year-to-date. We believe the intense
effort by our customers and the solar industry to increase cell
efficiency will continue to drive demand for our diffusion technology
and related products. We continue to see excellent quotation activity
and remain focused on continued successful execution of our solar growth
strategy.”
About Amtech Systems, Inc.
Amtech Systems, Inc. manufactures capital equipment, including silicon
wafer handling automation, thermal processing equipment and related
consumables used in fabricating solar cells and semiconductor devices.
Semiconductors, or semiconductor chips, are fabricated on silicon wafer
substrates, sliced from ingots, and are part of the circuitry, or
electronic components, of many products including solar cells,
computers, telecommunications devices, automotive products, consumer
goods, and industrial automation and control systems. The Company’s
wafer handling, thermal processing and consumable products currently
address the diffusion, oxidation, deposition, PECVD, and PSG removal
steps used in the fabrication of solar cells, semiconductors, MEMS and
the polishing of newly sliced silicon wafers.
Statements contained in this press release that are not historical
facts may be forward looking statements within the meaning of the
Private Litigation Reform Act. Such statements may use words such as
“proposed,” “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“predict,” “project” and similar expressions as they relate to Amtech
Systems, Inc. or our management. When we make forward-looking
statements, we are basing them on our managements beliefs and
assumptions, using information currently available to us. Although we
believe that the expectations reflected in the forward looking
statements are reasonable, these forward-looking statements are subject
to risks, uncertainties and assumptions including the risks discussed in
our filings with the Securities and Exchange Commission. If one or more
of these risks materialize, or if our underlying assumptions prove to be
incorrect, actual results may vary materially from what we projected.
Any forward looking statements contained in this press release reflect
our current views with respect to future events and are subject to these
and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity. We
have no intention, and disclaim any obligation, to update or revise any
forward-looking statements, whether as a result of new information,
future results or otherwise.
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