Amtech Systems Receives Large Repeat Order for Advanced Packaging Reflow Systems
March 15 2023 - 4:05PM
Business Wire
Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital
equipment, including thermal processing, wafer polishing, cleaning
and related consumables and services used in fabricating
semiconductor devices, such as silicon carbide (SiC), silicon
power, and electronic assemblies with a focus on enabling
technologies for electric vehicles (EV) and clean energy
applications, announced today a multi-unit order for high volume
reflow systems used in advanced packaging applications.
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Pyramax reflow oven used for advanced
packaging applications. (Photo: Business Wire)
This order, valued at $1.8M, came from a leading OSAT customer
of BTU International and will begin shipping this month through the
third fiscal quarter of fiscal 2023. With this, the total number of
units ordered by this key customer is over 300. The Pyramax reflow
oven is the oven of choice for outsourced semiconductor assembly
and test (OSAT) due to its combination of extreme control of
thermal and atmosphere conditions at very high throughput.
“While the semiconductor industry is undergoing a period of
uncertainty, we are encouraged by this recent order that serves the
advanced computing market,” said Michael Whang, CEO of Amtech
Systems. “Our relationships with key customers in the OSAT sector
are ones we are particularly proud of – and in passing the 300-unit
milestone with this customer, it’s a credit to the entire team
responsible for this account,” added Whang.
About Amtech Systems, Inc.
Amtech Systems, Inc. is a leading, global manufacturer of
capital equipment, including thermal processing, chemical
mechanical polishing (CMP) technology, wafer cleaning, and related
consumables used in fabricating semiconductor devices, such as
silicon carbide (SiC), silicon power, electronic assemblies and
modules focusing on enabling technologies for electric vehicles
(EV) and clean energy applications. We sell process equipment and
services to semiconductor device and module manufacturers
worldwide, particularly in Asia, North America and Europe. Our
strategic focus is on semiconductor growth opportunities in power
electronics, sensors and analog devices leveraging our strength in
core competencies in thermal and substrate processing. Amtech's
products are recognized under the leading brand names BTU
International, Entrepix Inc., Bruce Technologies™, PR Hoffman™ and
Intersurface Dynamics, Inc.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release is
forward-looking in nature. All statements in this press release, or
made by management of Amtech Systems, Inc. and its subsidiaries
("Amtech"), other than statements of historical fact, are hereby
identified as "forward-looking statements" (as such term is defined
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995). The
forward-looking statements in this press release relate only to
events or information as of the date on which the statements are
made in this press release. Examples of forward-looking statements
include statements regarding Amtech's future financial results,
operating results, business strategies, projected costs, products
under development, competitive positions, plans and objectives of
Amtech and its management for future operations, efforts to improve
operational efficiencies and effectiveness and profitably grow our
revenue, and enhancements to our technologies and expansion of our
product portfolio. In some cases, forward-looking statements can be
identified by terminology such as "may," "plan," "anticipate,"
"seek," "will," "expect," "intend," "estimate," "believe,"
"continue," "predict," "potential," "project," "should," "would,"
"could", "likely," "future," "target," "forecast," "goal,"
"observe," and "strategy" or the negative of these terms or other
comparable terminology used in this press release or by our
management, which are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. The Form 10-K that Amtech filed with the
Securities and Exchange Commission (the "SEC") for the year-ended
September 30, 2022, listed various important factors that could
affect the Company's future operating results and financial
condition and could cause actual results to differ materially from
historical results and expectations based on forward-looking
statements made in this document or elsewhere by Amtech or on its
behalf. These factors can be found under the heading "Risk Factors"
in the Form 10-K and in our subsequently filed Quarterly Reports on
Form 10-Qs, and investors should refer to them. Because it is not
possible to predict or identify all such factors, any such list
cannot be considered a complete set of all potential risks or
uncertainties. Except as required by law, we undertake no
obligation to publicly update forward-looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230315005838/en/
Amtech Systems, Inc. Lisa D. Gibbs Chief Financial Officer (480)
360-3756 irelations@amtechsystems.com
Sapphire Investor Relations, LLC Erica Mannion and Mike Funari
(617) 542-6180 irelations@amtechsystems.com
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