TEMPE, Ariz., Jan. 24, 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 fiscal year 2017 year-to-date order
bookings through January 20, 2017 are
approximately $84 million. This
includes solar orders of $60
million. The solar bookings include major wins
for the Company's high productivity PECVD platform with top tier
customers in China, Malaysia, and Taiwan and an n-type bi-facial turnkey order
from a new customer in China. The majority of the orders are
expected to ship within the next six to nine months.
Fokko Pentinga, CEO and President
of Amtech, commented, "These competitive wins are a direct result
of our ongoing investment program and a clear testament to the
Company's ability to meet the market's expectations as they
selectively invest in next-generation technology solutions.
Our newly introduced PECVD platform is recognized as a compelling
solution to increase the efficiency in solar cell manufacturing
while lowering the cost of ownership. The continuing
development of our advanced n-type technology led to this turnkey
order from a customer who will use the technology for Bi-Facial
glass-glass module design in the first of a multi-phase 1GW cell
and module expansion. We believe that Amtech has the right
mix of n-type and PERC cell technologies for this expanding global
solar market where success is driven by the best next-gen
technology solutions. Recently, we have experienced increased
customer interest in our n-type technology. As the solar
market looks to the future, we believe n-type cell technology has
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.