BTU Wins $1.0 Million Development Contract.Business/Technology Editors NORTH BILLERICA, Mass.--(BUSINESS WIRE)--May 30, 2000 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 that its Custom Engineering Group was selected for the development of equipment to produce high volume automotive parts. The contract in the amount of $1.0 million, which includes the delivery of the first unit, is expected to be completed in the second half of this year. The successful implementation of the project could lead to future orders for this application. BTU International is a major supplier of thermal processing systems. 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 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. systems used by contract electronics manufacturers and electronics original equipment manufacturers. In addition, BTU produces custom thermal processing systems that are engineered for a variety of customer applications, typically requiring high temperatures and precise atmosphere control. This news release, other than historical financial information, includes forward-looking statements that involve risks and uncertainties, including quarterly fluctuations in results, 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 SEC reports. Actual results may vary materially. BTU International is headquartered at 23 Esquire Road, North Billerica, MA 01862 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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