BTU International Completes Acquisition of Product Lines and Related Assets of Radiant Technology Corporation.NORTH BILLERICA, Mass. -- BTU Btu: see British thermal unit. International, Inc. (Nasdaq NM: BTUI), a leading supplier of advanced thermal processing equipment for the electronics manufacturing and energy generation markets, today announced that it has completed the acquisition of the product lines, trademarks and other related assets of Radiant Technology Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : RTNC RTNC Radio Télévision Nationale Congolaise (Congo) RTNC Returned to National Control ). Radiant Technology Corporation (RTC See real time clock. ) is a leading supplier of near-infrared furnaces, ovens and dryers for the solar energy, microelectronics, and assembly technology industries. "This acquisition, which was previously announced on February 7, 2006, strengthens our competitive position in the global marketplace for our energy generation business. The RTC technology and product lines will enable us to offer a wider product range, especially for our customers in the photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. segment of this market," said Paul van der Wansem, chairman 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. About BTU International BTU International is a market-leading supplier of advanced thermal processing equipment to the electronics manufacturing and energy generation markets. BTU manufactures 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 as well as semiconductor wafer-level and die-level packaging equipment. BTU also provides thermal process solutions for the solar cell, fuel cell and nuclear fuel industries. BTU, with headquarters in North Billerica, MA, operates worldwide with direct sales and service offices in the USA, Asia and Europe. Information about BTU International is available on BTU's website at www.btu.com. 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 that involve known and unknown risks and uncertainties. Such statements are neither promises nor guarantees but rather are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. 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, including but not limited to the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2004. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. All information set forth in this press release is as of March 17, 2006, and, unless otherwise required by law, the company disclaims any obligation to revise or update this information in order to reflect future events or developments. |
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