TEMPE, Ariz., July 17, 2019 /PRNewswire/ -- Amtech
Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment,
including thermal processing and wafer handling automation, and
related consumables used in fabricating semiconductor devices,
light-emitting diodes (LEDs), silicon carbide (SiC) and silicon
power chips and solar cells, announced today that its subsidiary,
PR Hoffman, will be moving to a larger manufacturing facility and
has hired a business development manager to meet the anticipated
growing demand for its SiC, Optics, and Silicon solutions.
The Company expects to be operating in the larger facility by
January 2020.
Michael Whang, Chief Operating
Officer of Amtech commented, "Our current manufacturing operations
are at capacity. With this move, we are near doubling our
manufacturing footprint and positioning our business to meet the
expected longer-term increase in demand for our distinctive SiC,
optics, and silicon substrate solutions. The larger floor
space plus the planned additional manufacturing equipment will
improve manufacturing flow, add greater efficiencies, and
importantly, reduce lead times to ensure we always provide the best
service possible to our customers. With the addition of our
business development manager, who is an industry veteran, we are
positioning PR Hoffman to maximize growth opportunities, while
maintaining their outstanding customer service."
J.S. Whang, Executive Chairman and Chief Executive Officer
of Amtech, added, "We are very excited about the expanding market
for SiC, optics, and silicon that is supported by the continuously
growing demand for power devices used in electric vehicles,
automotive sensors, consumer and industrial IoT, 5G mobility,
artificial intelligence, and big data. As this market grows,
our strategy is to ensure the highest level of responsiveness to
increasing demand from current and future customers, to bring
timely product innovations to the marketplace, and capitalize on
select external opportunities to further enhance our growth.
Our move to this larger facility is an important step in our
overall plan to capitalize on the attractive opportunities in the
semiconductor marketplace, profitably grow our business, and
enhance the value of our company for all stakeholders."
About Amtech Systems, Inc.
Amtech Systems, Inc. is a global supplier of advanced thermal
processing and polishing equipment and related consumables to the
semiconductor / electronics, power IC businesses, and advanced
lighting manufacturing markets. Amtech's equipment includes
diffusion, solder reflow systems, wafer handling automation, and
polishing equipment and related consumables for surface preparation
of various materials, including silicon carbide ("SiC"), sapphire
and silicon. The Company's wafer handling, thermal processing,
polishing and consumable products currently address the diffusion,
oxidation, and deposition steps used in the fabrication of
semiconductors, printed circuit boards, semiconductor packaging,
MEMS, and advanced lighting, including the polishing of newly
sliced sapphire and silicon wafers. Amtech's products are
recognized under the leading brand names BTU International, Bruce
TechnologiesTM, PR HoffmanTM, and R2D
AutomationTM.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release is
forward-looking in nature. All statements in this press release, or
made by management of Amtech Systems, Inc. and its subsidiaries
("Amtech"), other than statements of historical fact, are hereby
identified as "forward-looking statements" (as such term is defined
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended).
The forward-looking statements in this press release relate only to
events or information as of the date on which the statements are
made in this press release. Examples of forward-looking
statements include statements regarding Amtech's future financial
results, operating results, business strategies, projected costs,
products under development, competitive positions, plans and
objectives of Amtech and its management for future operations,
efforts to improve operational efficiencies and effectiveness and
greater China sourcing. In
some cases, forward-looking statements can be identified by
terminology such as "may," "will," "should," "would," "expects,"
"plans," "anticipates," "intends," "believes," "estimates,"
"predicts," "potential," "continue," or the negative of these terms
or other comparable terminology used in this press release or by
our management, which are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. The Form 10-K that Amtech filed with the
Securities and Exchange Commission (the "SEC") for the year-ended
September 30, 2018, listed various important factors that
could affect the company's future operating results and financial
condition and could cause actual results to differ materially from
historical results and expectations based on forward-looking
statements made in this document or elsewhere by Amtech or on its
behalf. These factors can be found under the heading "Risk
Factors" in the Form 10-K and investors should refer to them.
Because it is not possible to predict or identify all such factors,
any such list cannot be considered a complete set of all potential
risks or uncertainties. Except as required by law, we
undertake no obligation to publicly update forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Contacts:
|
|
Amtech Systems,
Inc.
|
Christensen
|
Lisa D.
Gibbs
|
Investor
Relations
|
Chief Financial
Officer
|
Patty
Bruner
|
(480)
967-5146
|
(480)
201-6075
|
irelations@amtechsystems.com
|
pbruner@christensenir.com
|
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SOURCE Amtech Systems, Inc.