Amtech Systems Books over $8M in High-Volume Thermal Systems for EV Supply Chain
09 February 2023 - 8:07AM
Business Wire
Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital
equipment, including thermal processing and wafer polishing, and
related consumables used in fabricating semiconductor devices, such
as silicon carbide (SiC) and silicon power devices, analog and
discrete devices, electronic assemblies and light-emitting diodes
(LEDs), announced today the receipt of multiple follow-on orders
for controlled atmosphere belt furnaces for thermal processing of
assemblies and substrates used in electric vehicle (EV)
production.
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BTU controlled atmosphere belt furnace
(Photo: Business Wire)
These repeat orders were received by Amtech division, BTU
International, for multiple controlled atmosphere furnaces with
delivery starting in the second half of calendar 2023 and into
calendar 2024. These continuous furnaces will be used in
applications including brazing and sintering for assemblies and
substrates that are used in EV battery cooling and electronic
controls. The furnaces will be produced at BTU’s factory in the USA
and shipped to customer locations in Asia, Europe and North
America.
“Controlled atmosphere belt furnaces possess the unique ability
to both keep thermal process conditions tightly controlled and
consistent while producing extremely high volumes of product,” said
Michael Whang, CEO of Amtech Systems. “The fact that we are seeing
these systems being used in so many critical applications for the
EV supply chain is an indicator of the transition to volume
production and scale for the industry. BTU is uniquely suited for
this opportunity with the existing customer base concentrated in
the automotive supply chain,” added Whang.
About Amtech Systems, Inc.
Amtech Systems, Inc. is a leading, global manufacturer of
capital equipment, including thermal processing, chemical
mechanical polishing (CMP) technology, wafer cleaning, and related
consumables used in fabricating semiconductor devices, such as
silicon carbide (SiC), silicon power, electronic assemblies and
modules focusing on enabling technologies for electric vehicles
(EV) and clean technology (CleanTech) applications. We sell process
equipment and services to semiconductor device and module
manufacturers worldwide, particularly in Asia, North America and
Europe. Our strategic focus is on semiconductor growth
opportunities in power electronics, sensors and analog devices
leveraging our strength in core competencies in thermal and
substrate processing. Amtech's products are recognized under the
leading brand names BTU International, Entrepix Inc., Bruce
Technologies™, PR Hoffman™ and Intersurface Dynamics, Inc.
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, and
the Private Securities Litigation Reform Act of 1995). 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 profitably grow our
revenue, and enhancements to our technologies and expansion of our
product portfolio. In some cases, forward-looking statements can be
identified by terminology such as "may," "plan," "anticipate,"
"seek," "will," "expect," "intend," "estimate," "believe,"
"continue," "predict," "potential," "project," "should," "would,"
"could", "likely," "future," "target," "forecast," "goal,"
"observe," and "strategy" 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, 2022, 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 in our subsequently filed Quarterly Reports on
Form 10-Qs, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230208005891/en/
Amtech Systems, Inc. Lisa D. Gibbs Chief Financial Officer (480)
360-3756 irelations@amtechsystems.com
Sapphire Investor Relations, LLC Erica Mannion and Mike Funari
(617) 542-6180 irelations@amtechsystems.com
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