TEMPE, Ariz., Aug. 8, 2019 /PRNewswire/ -- Amtech Systems,
Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including
thermal processing, related consumables, and wafer handling systems
used in fabricating semiconductor devices, silicon carbide (SiC)
and silicon power chips, electronic assemblies, light-emitting
diodes (LEDs), and solar cells, announced today that its
subsidiary, Bruce Technologies, Inc., has received a significant
new order for its 300mm high-temp diffusion furnace from a top-tier
power semiconductor customer. The Company also reports today that
this order establishes a second 300mm power chip customer
relationship, in addition to an existing, large 300mm installed
base in the power semiconductor market. The furnace is expected to
ship in fiscal Q1 2020.
J.S. Whang, Chairman and Chief Executive Officer of Amtech,
commented, "As we shift our focus from the solar industry to
semiconductor growth, we have worked closely with this
industry-leading manufacturer in order to provide the best
technology solution that optimally addresses their technology and
production needs. The order validates increasing interest in our
highly successful and proven 300mm solution for growing power
semiconductor applications. As we move forward, this order is
an important milestone in Amtech's new strategic semiconductor
focus, expanding our customer base, and future revenue growth."
Bruce Technologies, Inc. is a market leader in 300mm horizontal
thermal reactor (HTR) diffusion furnaces for the power
semiconductor industry with over 100 reactor tubes installed,
offering proven technology for high temperature applications. These
horizontal diffusion furnaces are fully automated and 300mm SEMI
compliant, with multi-process production flexibility. Bruce's
customer portfolio also includes several market-leading customers
in the 200mm power semiconductor market.
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.
Lisa D.
Gibbs
Chief Financial
Officer
(480)
967-5146
irelations@amtechsystems.com
|
Christensen
Investor
Relations
Patty
Bruner
(480)
201-6075
pbruner@christensenir.com
|
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SOURCE Amtech Systems, Inc.