BEVERLY, Mass., Jan. 16, 2018 /PRNewswire/ -- Axcelis
Technologies, Inc. (Nasdaq: ACLS), a leading supplier of
innovative, high-productivity solutions for the semiconductor
industry, announced today that it has received new orders for the
full Purion product family from several leading chip manufacturers
worldwide. These systems will support capacity additions for 3D
NAND, DRAM image sensors, power devices, and mature devices.
It also includes the first Purion orders for 3D NAND from a
domestic China customer.
Revenue for the systems is expected to be recognized in the first
and second quarters of 2018.
President and CEO Mary Puma said,
"We're very pleased to announce these new wins for the Purion
platform, supporting a strong start to 2018. The market
continues to be very robust across all segments, providing many
opportunities for follow on orders and new project
penetrations.
We are targeting to achieve $450
million in revenue in 2018."
A new version of the Axcelis Investor Presentation has been
posted to the Company's website, at
http://investor.axcelis.com/phoenix.zhtml?c=121859&p=irol-investorkit.
Fourth Quarter 2017 Conference Call
The Company will
host a conference call to discuss the Company's results for the
fourth quarter 2017 on Tuesday, February 6,
2018 at 5:00 pm ET. The
call will be available to interested listeners via an audio webcast
on the Investors page of Axcelis' website at www.axcelis.com, or by
dialing 866.588.8911 (707.294.1561 outside North America). Participants calling
into the conference call will be requested to provide the company
name, Axcelis Technologies, and pass code: 5651308. Webcast replays
will be available for 30 days following the call.
Safe Harbor Statement
The Company's statement
regarding its revenue target for 2018 should not be read as
financial guidance; the Company will continue its practice of
providing guidance for the subsequent quarter on the release of
quarterly financial results. The Company's expectations on the
timing of the recognition of revenue for the orders referenced in
this press release is a forward-looking statements under the SEC
safe harbor provisions. This statement is based on management's
current expectations and should be viewed with caution. It is
subject to various risks and uncertainties, many of which are
outside the control of the Company, including the timing of
shipments, the conversion of orders to revenue in any particular
quarter, or at all. These risks and other risk factors relating to
Axcelis are described more fully in the most recent Form 10-K
filed by Axcelis and in other documents filed from time to time
with the Securities and Exchange Commission.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered
in Beverly, Mass., has been
providing innovative, high-productivity solutions for the
semiconductor industry for 40 years. Axcelis is dedicated to
developing enabling process applications through the design,
manufacture and complete life cycle support of ion implantation
systems, one of the most critical and enabling steps in the IC
manufacturing process. Learn more about Axcelis at
www.axcelis.com.
CONTACTS:
Maureen Hart
(editorial/media) 978.787.4266
Doug Lawson (investor relations)
978.787.9552
View original content with
multimedia:http://www.prnewswire.com/news-releases/axcelis-announces-continued-strong-order-activity-for-purion-ion-implanters-entering-2018-300582327.html
SOURCE Axcelis Technologies, Inc.