BTU International Announces Receipt of Furnace Order Valued at Over $2 Million; Walking Beam Furnace to Be Used for Sintering Nuclear Fuel.Business Editors NORTH BILLERICA, Mass.--(BUSINESS WIRE)--Jan. 5, 2004 BTU Btu: see British thermal unit. International, Inc. (Nasdaq NM: BTUI), the leading supplier of advanced thermal processing equipment for semiconductor packaging, surface mount, and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, processing, today announced the receipt of an order valued at over $2 million for one of the company's Walking Beam See Beam, 10. See also: Walking Furnaces 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 for nuclear power generation. Mark R. Rosenzweig, 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. of BTU International, said, "This repeat order for one of our largest and highest-temperature processing systems is testament not only to our technological leadership, but to our continuing strategy of providing exceptional customer support. We remain committed to expanding our leadership position as a provider of thermal processing equipment to the nuclear fuel industry." The BTU Walking Beam Furnace--so called because of the patented conveying system that "walks" heavy product loads through the high temperature processing chamber--was selected for this critical nuclear fuel optimization process due to its ability to provide very uniform temperatures and precise atmospheric control within the processing chamber. Key to this performance is BTU's patented Eductor technology, which enables uniform control of temperatures up to 1800 degrees Celsius. BTU has been manufacturing furnaces of this type since 1970, and has shipped over 40 of these systems. Ordered by an existing overseas user of BTU's Walking Beam Furnaces, this advanced design furnace is expected to be delivered in the first half of 2004. Under terms of the purchase contract, billing will be done on a percentage-of-completion basis. Certain preliminary work on the system was completed during the fourth quarter of 2003, and may result in the recognition of some revenue in that period. About BTU International BTU International, with world headquarters in North Billerica, MA, is a market-leading supplier of advanced thermal processing equipment to the semiconductor, electronics, and materials sectors. BTU manufactures a wide range of equipment for semiconductor packaging applications, including state-of-the-art systems for wafer bumping and wafer-level packaging. The company also manufactures solder solder (sŏd`ər), metal alloy used in the molten state as a metallic binder. The type of solder to be used is determined by the metals to be united. Soft solders are commonly composed of lead and tin and have low melting points. Hard solders (i. 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. furnaces for printed circuit board assembly, and advanced systems for materials processing Articles on Materials processing include:
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. Statement This news release, other than historical financial information, includes 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 known and unknown risks and uncertainties, including quarterly fluctuations in results. Such statements are made pursuant to the "safe harbor" provisions established by the federal securities laws, 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. |
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