TEMPE, Ariz., April 25, 2017 /PRNewswire/ -- Amtech
Systems, Inc. (NASDAQ: ASYS), a global supplier of production
equipment and related supplies for the solar, semiconductor,
and LED markets, today announced its solar subsidiary, Tempress
Systems, received a follow-on order for the second phase of a
multi‑phase 1GW project, in addition to the order for the first
phase announced in January 2017. This turnkey order for the
second phase is similar in size and includes Tempress'
high-throughput PECVD and diffusion platforms, which have been sold
to other top tier customers in China, Malaysia,
and Taiwan. The first and second phases of this
China project are designed to
manufacture high efficiency n-type bi-facial solar cells and
modules at an attractive cost per watt. This repeat order is
expected to ship within the next twelve months. Amtech's
backlog as of April 25, 2017 is
approximately $125 million compared
to the December 31, 2016 backlog of
$52 million.
Fokko Pentinga, CEO and President
of Amtech, commented, "Over the years, we have made advances in
n-type technologies in collaboration with leading research
institutes, including the Energy Research Centre of the Netherlands (ECN). With recent declines in
the cost of n-type wafers and the market demand for higher
efficiency and lower cost per watt, we are seeing increased
adoption of n-type bi-facial technologies for production of c-Si
cells. Recently, at one of the largest solar tradeshows, SNEC in
Shanghai, there was much
excitement and a trend towards adoption of bi-facial cells, which
requires two PECVD steps. We believe that Amtech has the
right mix of n-type cell technologies and high-throughput tools to
capitalize on the growing market demand for higher efficiency
cells, and that n-type bi-facial cell technologies have the best
roadmap to higher efficiency."
About Amtech Systems, Inc.
Amtech Systems, Inc. is a global supplier of advanced thermal
processing equipment to the solar, semiconductor / electronics, and
LED manufacturing markets. Amtech's equipment includes diffusion,
ALD and PECVD systems and solder reflow systems. Amtech also
supplies wafer handling automation and polishing equipment and
related consumable products. The Company's wafer handling, thermal
processing and consumable products currently address the diffusion,
oxidation, and deposition steps used in the fabrication of solar
cells, LEDs, semiconductors, MEMS, printed circuit boards,
semiconductor packaging, and the polishing of newly sliced sapphire
and silicon wafers. Amtech's products are recognized under the
leading brand names Tempress SystemsTM, Bruce
TechnologiesTM, PR HoffmanTM, R2D
AutomationTM, SoLayTec, and BTU International.
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). 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 and are intended to identify such
forward-looking statements. Examples of forward-looking
statements include statements regarding Amtech's future financial
results, operating results, business strategies, projected costs,
products under development, competitive positions, and plans and
objectives of Amtech and its management for future
operations. 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, 2016, 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-Ks 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:
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Amtech Systems,
Inc.
Robert T.
Hass
Chief Financial
Officer
(480)
967-5146
irelations@Amtechsystems.com
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Christensen
Investor
Relations
Patty
Bruner
(480)
201-6075
pbruner@christensenir.com
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SOURCE Amtech Systems, Inc.