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Amtech Systems Inc. Receives $1.2 Million in Orders From Solar Cell Customers in China and Germany Resulting in a $14 Million Backlog

Posted on: Tuesday, 4 October 2005, 09:00 CDT

Amtech Systems, Inc. (Nasdaq:ASYS), a global supplier of production and automation systems and related supplies for the semiconductor, silicon wafer, solar cell and microelectromechanical system (MEMS) industries, today announced two new orders for its Tempress brand diffusion furnaces totaling $1.2 million. The orders are from a customer that produces solar cells in China and a German research institute. As a result of these orders our backlog is approximately $14 million.

The furnace for the German research institute will be designed for POCL3 deposition and plasma deposition on some of the largest (150 mm by 300 mm and 210 mm square) silicon wafers used in the development of solar cells. These wafer sizes are twice as large as the prevailing 150 mm square wafers used in most of our solar fabrication equipment sold prior to this order. The purpose of developing solar cells using larger wafers is to reduce the cost of manufacture. We expect to ship this new order in the second quarter of fiscal 2006.

J.S. Whang, the Company's President and CEO, stated, "We are very proud to be selected by this prominent research institute as their equipment supplier for developing potentially leading-edge solar cell manufacturing processes and for production by a solar cell manufacturer in China. The significance of our equipment being chosen for the development of new solar cell processes could have a meaningful impact on future orders from the solar industry. We are pleased with the recognition our company continues to receive from the rapidly growing solar cell and Chinese markets."

Amtech Systems, Inc. manufactures capital equipment, including silicon wafer handling automation, thermal semiconductor processing equipment and related consumables used in fabricating semiconductor devices. Semiconductors, or semiconductor chips, are fabricated on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including computers, telecommunications devices, automotive products, consumer goods, industrial automation and control systems. The Company's semiconductor handling, thermal processing and consumable products currently address the polishing of newly sliced silicon wafers and reclaimed test wafers and the oxidation and deposition steps used in the fabrication of semiconductors, MEMS and solar cells.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Amtech Systems, Inc.) contains statements that are forward-looking. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of Amtech's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders or other commitments, potential delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer acceptance requirements, changes in foreign currency exchange rates, which can result in transaction gains or losses and may affect the translation of the results of our foreign operations, difficulties in collecting receivables and the effects of Staff Accounting Bulletin No. 104, "Revenue Recognition in Financial Statements," issued by the Securities and Exchange Commission.

Source: Business Wire

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