Amtech Systems Inc. Announces $3.5 Million in Orders from Newly Expanded Market and New Customer Base.Business Editors/High-Tech Writers TEMPE, Ariz.--(BUSINESS WIRE)--March 31, 2003 Amtech Systems, Inc. (Nasdaq:ASYS) ("Amtech" or the "Company") announced $3.5 million in new orders from two Asian customers indicating at least stability or even some improvement in the Asian market for the Company's products. Combined, these two orders include multiple horizontal diffusion furnace systems and Amtech's proprietary automation products. Both of these customers have expansion plans that could benefit Amtech in the future. The larger of the two orders is from a new customer who is establishing its first semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. plant in China. Benefits of Amtech's automation products include a reduction of particles created by the operators, by minimizing their contact with the wafers, improved operator safety and a reduction in scrap from dropped wafers. 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 always pleased when a new customer places a repeat order, which is the case with one of the two orders announced here, as it is the best evidence that we have met or exceeded the customer's expectations regarding our engineering and design capabilities, process technology, manufacturing quality, and customer service, from initial sales contact through installation and post-acceptance service. The other order is from a new customer locating in China, which we hope will continue to expand as a market for Amtech's products and further enhance our market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" in that country." 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 , industrial automation and control systems, and solar cells 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. . The Company's semiconductor handling and processing products currently address the polishing of newly sliced silicon wafers and reclaimed test wafers and the oxidation and deposition steps used in the fabrication 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. 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, success of Amtech's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer acceptance requirements, difficulties in collecting receivables and the effects of Staff Accounting Bulletin No. 101, "Revenue Recognition in Financial Statements," issued by the Securities and Exchange Commission. |
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