BTU Announces $3.8 Million in Orders From the Power Generation Industry.Business/Technology Editors NORTH BILLERICA, Mass.--(BUSINESS WIRE)--June 7, 2001 BTU Btu: see British thermal unit. International, 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 : BTUI) announced today it has signed contracts for multiple orders in excess of $3.8 million. The orders were placed by overseas customers in the Power Generation industry for BTU's latest generation Walking Beam systems designed for sintering sintering, process of forming objects from a metal powder by heating the powder at a temperature below its melting point. In the production of small metal objects it is often not practical to cast them. fuel. These orders are from existing customers for capacity expansion. Revenue will be recognized over the remaining quarters of 2001. BTU's Walking Beam systems operate at temperatures of up to 1800 degrees centigrade centigrade /cen·ti·grade/ (sen´ti-grad) having 100 gradations (steps or degrees); see under scale. cen·ti·grade adj. Celsius. and are used for large volume production, incorporating the latest technological advancements for processing heavy loads under precisely controlled temperature and atmosphere. BTU International is a major supplier of thermal processing systems to the electronics industry. BTU designs, manufactures, sells and supports advanced thermal processing systems used primarily in the assembly of printed circuit boards and in advanced semiconductor packaging. BTU is the market leader in solder reflow (1) The process of heating and melting the solder that has been screen printed onto a printed circuit board in order to bond chips and other components to the board. Surface mount chips (SMT) use the reflow method. Contrast with wave soldering. See also reflowable text. systems used by contract electronics manufacturers and electronics original equipment manufacturers. In addition, BTU produces certain custom thermal processing systems that are engineered for specific customer applications, typically requiring high temperatures and precise atmosphere control. This news release, other than historical financial information, includes forward-looking statements that involve known and unknown risks and uncertainties, including quarterly fluctuations in results. Such statements are made pursuant to the "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. " provisions established by recent securities legislation, and are based on the assumptions and expectations of the company's management at the time such statements are made. Important factors that could cause actual results to differ include the timely availability and acceptance of new products, general market conditions governing supply and demand, the impact of competitive products and pricing and other risks detailed in the company's filings with the Securities and Exchange Commission. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. Unless otherwise required by law, the company disclaims any obligation to revise or update such forward-looking statements in order to reflect future events or developments. BTU International is headquartered at 23 Esquire Road, North Billerica, MA 01862, USA TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom : 978-667-4111, FAX: 978-667-9068, E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : sales@btu.com, INTERNET: http://www.btu.com. In addition, BTU has sales and service offices in Europe and Asia. |
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