Amtech Systems Receives Multiple Orders for High Temperature Clustered 300mm Horizontal Diffusion Systems
April 11 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 power efficiency
applications, announced today multiple orders for fully automated
clustered 300mm horizontal diffusion furnace systems used in power
semiconductor manufacturing.
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High Temperature Clustered 300mm
Horizontal Diffusion System (Photo: Business Wire)
These orders, valued at $9.7 million, will ship mid fiscal year
2024. Horizontal diffusion furnaces are particularly suited for
300mm power semiconductor fabrication, offering higher process
temperatures and superior prevention of wafer slippage. The systems
will be installed in leading semiconductor IDM and foundry fabs in
North America and Asia.
“The BDF300 is the market share leader in 300mm high temperature
power device applications,” said Michael Whang, CEO of Amtech
Systems. “We continue to see customers that serve key end-markets,
such as automotive, choose this reliable and proven technology,”
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 power efficiency 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/20230411005820/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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