BEVERLY, Mass., Jan. 10, 2017 /PRNewswire/ -- Axcelis
Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling
ion implantation solutions for the semiconductor industry,
announced shipments in the fourth quarter of 2016 of the Purion XE™
high energy implanter to multiple customers in the Asia Pacific
Region. The systems will be used to support the high volume
production of DRAM and 3D NAND devices.
President and CEO Mary Puma,
said, "These shipments represent the leading edge of expected
strong capital investment in the memory sector in 2017. Memory
growth will be driven by a strong Internet of Things market and the
overall Connected World."
Kevin Brewer, executive vice
president and CFO, commented, "We expect fourth quarter revenue to
be on the high end of our guidance, and EPS above guidance
primarily driven by strong gross margin performance. We also
continue to anticipate increased revenue in the first quarter of
2017."
Safe Harbor Statement
This press release contains
forward-looking statements under the SEC safe harbor provisions.
These statements, which include our guidance for future financial
performance, are based on management's current expectations and
should be viewed with caution. They are subject to various risks
and uncertainties, many of which are outside the control of the
Company, including the timing of orders and shipments, the
conversion of orders to revenue in any particular quarter, or at
all, the continuing demand for semiconductor equipment, relative
market growth, continuity of business relationships with and
purchases by major customers, competitive pressure on sales and
pricing, increases in material and other production costs that
cannot be recouped in product pricing and global economic,
political and financial conditions. Our forecasted diluted earnings
per share does not take into account option exercises during the
quarter and assumes no change in the weighted average stock price
from the prior quarter. 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 over 35 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
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SOURCE Axcelis Technologies, Inc.