Amtech Systems Inc. Continues to Capitalize on Booming Solar Industry with $2.4 Million in Additional Commitments for Our Fiscal Year 2006.TEMPE, Ariz. -- Amtech Systems Inc. (Nasdaq: ASYS), a global supplier of production and automation systems and related supplies for the semiconductor, silicon wafer, 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. and microelectromechanical system (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. ) industries, today announced a new order for $1.2 million for its Tempress brand furnaces and a letter of intent for $1.2 million in future orders. This is a repeat order from an Asian customer in the solar cell industry and represents phase two of the customer's expansion. These furnaces will be manufactured in our plant in the Netherlands and designed for POCL POCL Phosphorus Oxychloride (chemical used in microchip manufacturing) POCL Power over Camera Link POCL Partial-Order Causal Link POCL Post Office Counters Ltd POCL Patriotic Old Comrades League POCL Penguinista Open Content Licence 3, wet oxidation and anneal To take the brittleness out of metal, plastic or certain carbon composites. Performed in the preparation of new products or in their restoration, annealing is accomplished via a heat treating process. processing of 200mm solar cells. We expect to ship the new order in December 2005. This solar cell manufacturer has also provided us with a letter of intent to acquire another $1.2 million of Tempress brand furnaces for phase three of this expansion project. Based upon the customer's letter of intent, phase three is expected to ship near the end of our fiscal year 2006. 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 very pleased with this new order that confirms our continued success in serving the solar industry. It is also very exciting to increase our participation in Asia, a geographic region that is growing rapidly." 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 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. The company's semiconductor handling, thermal processing and consumable 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 semiconductors, MEMS 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. 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 or other commitments, potential delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer acceptance requirements, and changes in foreign currency exchange rates, which can result in transaction gains or losses and may affect the translation of the results of our foreign operations, difficulties in collecting receivables, and the effects of Staff Accounting Bulletin No. 104, "Revenue Recognition in Financial Statements," issued by the Securities and Exchange Commission. |
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