BEVERLY, Mass., Dec. 5, 2017 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of innovative, high-productivity solutions for the semiconductor industry, announced today that it has received multiple orders for the Purion H™ high current system from several leading chip manufacturers in the Asia Pacific and North America regions. The orders include one new tool evaluation in 3D NAND, one successful tool evaluation closure in mature foundry and several follow on orders from the Non Volatile Memory, mature logic and DRAM segments. Revenue is expected to be recognized in the fourth quarter, except for the new tool evaluation.
Executive Vice President, Customer Operations John Aldeborgh commented, "Robust growth across all market segments has provided significant opportunity for Axcelis to sell the Purion H. We expect this momentum to continue as more chipmakers realize the power of the Purion H's exceptional productivity, manufacturing flexibility and device yields, making it ideal for both high volume production and R&D."
Safe Harbor Statement The statement in this press release regarding expected recognition of revenue in the fourth quarter is a forward-looking statement under the SEC safe harbor provisions. This statement is based on management's current expectations and should be viewed with caution. It is subject to various risks and uncertainties, some of which are outside the control of the Company, including customer decisions regarding the timing of delivery. 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.