Amtech Announces New Solar Orders

Mar 17, 2016, 09:00 ET from Amtech Systems, Inc.

TEMPE, Ariz., March 17, 2016 /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 segment, consisting of Tempress Systems, Inc., R2D Automation, and SoLayTec, has received approximately $27 million in new solar orders since January 1, 2016, including orders previously announced.  Since the beginning of Amtech's fiscal year (October 1, 2015), solar orders now total approximately $50 million and the most recent solar orders include a repeat order for the Company's next generation diffusion systems.  Including non-solar orders, the company has booked approximately $76 million in total orders since the start of its fiscal year.

Fokko Pentinga, Chief Executive Officer of Amtech, commented, "We are pleased that the strong level of solar bookings, which started in the December quarter, continued into the March quarter. We are seeing healthy quotation activity within our solar segment.  With respect to our goal to have a diversified mix of revenues we are encouraged by the signs of some improvement we are now seeing in our electronics and LED businesses."

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 or our management 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, 2015, 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:

Amtech Systems, Inc.

Christensen

Bradley C. Anderson

Investor Relations

Chief Financial Officer

Patty Bruner

(480) 967-5146

(480) 201-6075

irelations@Amtechsystems.com

pbruner@christensenir.com

 

 

SOURCE Amtech Systems, Inc.



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