Amtech Systems, Inc. Customer Expands Order to $5 Million for IBAL Automated Furnaces.Business Editors/High-Tech Writers TEMPE, Ariz.--(BUSINESS WIRE)--June 27, 2000 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) announced that a well respected U.S. based semiconductor manufacturer, which is rapidly expanding capacity, has increased its recent repeat order from $3 million to approximately $5 million. The record-setting orders for new Amtech/Tempress 200-mm silicon wafer processing horizontal diffusion furnaces and the company's most advanced IBAL IBAL Irish Business Against Litter Automation System are scheduled to ship ratably over three quarters beginning in September 2000. J.S. Whang, the company's president and chief executive officer, stated, "I believe that large, repeat orders such as this one are a confirmation that we have the right products at the right time and that we provide the high level of support expected by the semiconductor manufacturers. These orders illustrate that our customers recognize the value of our products and service. "The attention of our employees to complete customer satisfaction has enabled us to sell our Tempress furnaces around the globe and to sell our IBAL Automation systems in quantities to large-scale semiconductor producers. We expect to see growth from the industry's rapid expansion of semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. capacity and from new applications for our tools that continue to evolve. "I am looking forward to a record setting expansion for our Company during this expansion phase of the semiconductor industry." The company's products have several competitive advantages compared to those of its competition. The zero-footprint IBAL Automation products fit onto new and existing load-stations and do not require the added costly clean-room floor space needed by most competing products. The system is also modular, making it easier to configure to customers' requirements and easier for the customer to maintain. The company believes IBAL is more cost effective and more reliable than its competition and the product of choice by a growing number of world-class semiconductor manufacturers. Furthermore, most customers appreciate the benefit of being able to deal with a single vendor for their horizontal furnace, load-station and automation requirements. Amtech Systems Inc. manufactures capital equipment, including silicon wafer handling automation, semiconductor processing equipment and related consumables used in fabricating 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. The company's semiconductor handling and processing products currently address the polishing of newly sliced silicon wafers and reclaimed test wafers and the oxidation oxidation /ox·i·da·tion/ (ok?si-da´shun) the act of oxidizing or state of being oxidized.ox·idative ox·i·da·tion n. 1. The combination of a substance with oxygen. 2. and deposition steps used in the fabrication of semiconductors. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Amtech Systems, Inc.) contains statements that are forward-looking. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions and the success of Amtech's growth and sales strategies. The company does not undertake any obligation to update any of these forward-looking statements for changing circumstances. For more information, review the Company's filings with the Securities and Exchange Commission, including, but not limited to, Amtech Systems Inc.'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. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion