Amtech Reiterates Strong Business Fundamentals and Outlook.TEMPE, Ariz. -- Amtech Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASYS), a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and silicon wafers, today reiterated its strong business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point , order growth, and outlook for fiscal year 2008. For fiscal 2008, Amtech has guided for revenue to be in the range of $65 to $75 million, representing growth of approximately 40% to 60% over fiscal 2007. As the Company stated in its fourth quarter earnings release dated December 12, 2007, Amtech's sequential revenue guidance for its fiscal 2008 first quarter ended December 31, 2007 was adversely impacted by the timing of shipment and acceptance of several systems moving into the second quarter of fiscal 2008. This change has no impact on the Company's underlying business conditions or fundamentals. Delay's in delivery or product acceptance by a customer can have a significant impact on Amtech's recorded sales in any given quarter, given its diffusion system's average selling prices The average sales price of goods or commodities. Especially used in the retail sector and technology distribution. are greater than $500,000 and often include tools with sale prices in excess of $1 million. Financial highlights: * Fiscal 2008 year-to-date (since October 1, 2007) solar orders totaling approximately $19 million. * Record FY2007 bookings of $55.5 million, up 40% compared to FY2006 * Orders in Q4 FY2007 of $15.6 million, resulting in a book-to-bill ratio Book-to-Bill Ratio The technology industry's demand-to-supply ratio for orders on a "firm's book" to number of orders filled. Notes: This ratio tells whether the company has more orders than it can deliver (if greater than 1), has the same amount of orders that it can of 1.2 * Total order backlog at September 30, 2007 of $23.2 million, a 70% increase over the prior year. * Total order backlog includes approximately $17.4 million in solar orders, representing a 128% increase over $7.6 million of solar backlog at September 30, 2006. The $17.4 million in solar backlog does not include the additional $19 million in solar orders received in Q1 of fiscal 2008. Backlog includes deferred revenue and customer orders that are expected to ship within fiscal 2008. * Q4 FY2007 solar book-to-bill ratio of 2.2 About Amtech Systems, Inc. Amtech Systems, Inc. manufactures capital equipment, including silicon wafer handling automation, thermal semiconductor processing equipment and related consumables used in fabricating solar cells and semiconductor devices. Semiconductors, or semiconductor chips, are fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including computers, telecommunications devices, automotive products, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , and industrial automation and control systems. Amtech's semiconductor handling, thermal processing and consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" products currently address the polishing of newly sliced silicon wafers and reclaimed test wafers and the oxidation and deposition steps used in the fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of solar cells, semiconductors, and MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. . Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. Such statements may use words such as "proposed," "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to Amtech Systems, Inc. or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risk that this offering does not close and the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this press release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. This earnings release should be read in conjunction with the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended September 30, 2007. |
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