Amtech Systems Inc. Announces $2 Million New Solar Order.TEMPE, Ariz. -- Amtech Systems Inc. (Nasdaq: ASYS), a global supplier of production and automation systems and related supplies for the semiconductor and solar cell solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. industries, today announced a new order totaling approximately $2 million for thermal processing and automation systems from the solar cell industry. The order is a follow-on order from an Asian-based customer who is a leading supplier of solar wafers to the industry as well as a manufacturer of photovoltaic cells A semiconductor diode that converts light into DC voltage. Also known as "solar cells," photovoltaic cells are used in a myriad of applications from simple light sensors to complete energy creation systems. See photovoltaic. , modules and application systems. The order is expected to ship in the fiscal quarter ending March 31, 2007. Amtech has received approximately $9 million of solar orders, including this most recent order, during the last 12 months, a 500% increase over the preceding 12 month period. J.S. Whang, the company's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "I am pleased with the company's continued growth during fiscal 2006, which has been fueled, in part, by an increase in orders from the growing solar cell industry. We continue to aggressively pursue the solar/photovoltaic industry and the expanding Asian market. We believe that this order from the solar cell industry demonstrates the continued success of our growth strategy and sales and marketing activities." Amtech Systems Inc. manufactures capital equipment, including silicon wafer handling automation, thermal 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, 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 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 fabrication (fab´rikā´sh n the construction or making of a restoration. of semiconductors, 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. and solar cells. This press release contains 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. that involve substantial risks and uncertainties. Typically, these statements contain words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position or state other "forward-looking" information. There may be events in the future that we are not able to predict or control. Such risks and uncertainties include changes in the technologies used by our customers, change and volatility in the demand for diffusion equipment, the effect of changing worldwide political and economic conditions on capital expenditures, production levels, including those in Europe and Asia, the effect of overall market conditions and market acceptance risks. Other risks include those associated with dependence on suppliers, the impact of competitive products and pricing, technological and product development risks (including the risks inherent in launching new products, such as our vertical furnace) and other risk factors. As a result, our operating results may fluctuate, especially when measured on a quarterly basis. The forward-looking statements included in this release are made only as of the date of this release and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. For further information, refer to our Securities and Exchange Commission filings, including our Forms 10-K and Forms 10-Q. |
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