Amtech Announces Follow-On Order for Next Generation Solar ALD for PERC Cell Line
TEMPE, Ariz. — Amtech Systems, Inc. (NASDAQ: ASYS), a global supplier of production equipment and related supplies for the solar, semiconductor, and LED markets, today announced its solar subsidiary, SoLayTec B.V., has received a follow-on order for three next generation solar Atomic Layer Deposition (ALD) systems. The order is expected to ship and be installed in this fiscal year. As a leading ALD supplier in the market, SoLayTec has booked a total of 25 ALD system orders since its inception, of which 15 will be used in mass production.
Fokko Pentinga, CEO and President of Amtech, commented, “This follow-on order brings the total ALD tools ordered by this specific customer to seven. Four systems have been put in production of PERC solar cells in the second half of fiscal 2017. The orders SoLayTec has received from this particular customer represent a total of 1GW of PERC production capacity. This follow-on order validates our customer’s confidence in the performance capabilities of our spatial ALD system in high-volume production of PERC solar cells. There is a high level of enthusiasm in the PV marketplace for PERC solutions and this manufacturing platform supports our customers’ goals to improve the total cost of ownership by increasing cell efficiency.”
About Amtech Systems, Inc.
Amtech Systems, Inc. is a global supplier of advanced thermal processing equipment to the solar, semiconductor / electronics, and LED manufacturing markets. Amtech’s equipment includes diffusion, ALD and PECVD systems and solder reflow systems. Amtech also supplies wafer handling automation and polishing equipment and related consumable products. The Company’s wafer handling, thermal processing and consumable products currently address the diffusion, oxidation, and deposition steps used in the fabrication of P-multi, P-mono, N-Pert and PERC solar cells, LEDs, semiconductors, MEMS, printed circuit boards, semiconductor packaging, and the polishing of newly sliced sapphire and silicon wafers. Amtech’s products are recognized under the leading brand names Tempress Systems™, Bruce Technologies™, PR Hoffman™, R2D Automation™, SoLayTec™, and BTU International™.
About SoLayTec B.V.
SoLayTec is a spin-off company of the Dutch research organization TNO. SoLayTec is now wholly-owned by Amtech Systems, Inc. (Nasdaq ASYS). The company develops, delivers and services machines for atomic layer deposition (ALD) on solar cells worldwide. The SoLayTec ALD machines are designed for mass production in the solar market. In the field of solar cell ALD equipment, SoLayTec has a leading position.
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). In some cases, forward- looking statements can be identified by terminology such as “may,” “will,” “should,” “would,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology and are intended to identify such forward-looking statements. Examples of forward-looking statements include statements regarding Amtech’s future financial results, operating results, business strategies, projected costs, products under development, future orders, competitive positions, and plans and objectives of Amtech and its management for future operations. 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, 2016, 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 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.
Source: Amtech Systems, Inc.
