TEMPE, Ariz., June 28, 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 the sale of its
SoLayTec business as the first step in the previously announced
plan to divest substantially all of its solar segment. Amtech
expects to report a gain on the sale this quarter and reduced
losses from discontinued operations beginning in the fourth fiscal
quarter.
Mr. J.S. Whang, Executive Chairman and Chief Executive Officer
of Amtech, stated "we are pleased with the timely divestiture of
SoLayTec. Following Amtech's March announcement to
discontinue solar and to dedicate our resources to value-driving
opportunities in our semiconductor and SiC/LED polishing businesses
going forward, we engaged Oaklins SmallCap Adivsory B.V. located in
the Netherlands, to advise on the
divestiture of Tempress Holding
B.V. Today, we are pleased to report that Oaklins is
actively engaged in conversations with both private equity and
strategic buyers."
Amtech and Oaklins encourage interested parties to reach out to
Fokko Poldervaart, an Oaklins'
partner. Mr. Poldervaart's contact information is detailed
below.
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
Technologies™, PR Hoffman™, and R2D
Automation™.
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:
|
|
Oaklins SmallCap
Adivsory B.V
|
Fokko Poldervaart,
Partner
|
+31 20 416
1303
|
f.poldervaart@nl.oaklins.com
|
|
|
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.