June 04, 2001 10:30
Prodeo Technologies Announces Sale of H6000 Series Horizontal Furnaces in China
TEMPE, Ariz.--(BUSINESS WIRE)--June 4, 2001--Prodeo Technologies Inc. (OTCBB:PDEO), a provider of engineering and manufacturing solutions to the semiconductor industry, today announced its first sale into China.
The order, worth approximately $900,000, consists of two Model H6404 horizontal furnace systems that are scheduled for delivery in mid-July 2001 to a well-respected semiconductor manufacturer.
"In spite of the recent industry downturn, there are pockets of opportunity around the world, especially for companies such as Prodeo with quality products and first-class customer service," said Kevin Jackson, the company's chief operating officer.
Prodeo Technologies provides a total turnkey furnace system. Each system, including Prodeo's proprietary ultra-high purity (UHP) gas delivery system, is built to meet specific customer requirements, including guaranteed process results.
"Our highly experienced technical team has the capability to work with customers down to the actual device level," according to Ron Colvin, vice president and director of sales and marketing. "We provide a total solution in terms of hardware and process integration to existing as well as new device fabrication processes.
"We believe our furnace product line is continuing to make its presence felt in the industry. This has been confirmed by our increasing market share, and our recent selection as the worldwide system of choice by a major semiconductor manufacturer. This order confirms that our technology and designs are exactly what is needed in this marketplace."
The order reflects the efforts by Prodeo's newly organized worldwide sales and representative organization, said Colvin, who noted that the semiconductor industry in China is expected to increase dramatically, with China's national objective being to provide 50 percent of the world's semiconductor products during the next decade.
According to Colvin, industry experts predict that China's semiconductor capital spending will jump to $5 billion by 2005. "This is a tremendous opportunity for the industry and for Prodeo," said Colvin.
Prodeo's furnace product offerings range from the H6101 Single Tube Laboratory Applications Furnace, which can process up to 150mm wafers in a 10-inch flat zone, to the high-volume manufacturing capability of the H6404 Four Stack High Volume Production Furnace with its 40-inch flat zone, computer control and boat loading system.
Other models include the H6202 Two Stack and H6204 Four Stack Small Batch Small Footprint Furnace systems with 20-inch flat zones. Each is available with the Prodeo UHP gas delivery system. These smaller systems are focused primarily on the emerging needs of MEMS, ASIC and optical component device manufacturers.
About Prodeo Technologies
Prodeo Technologies specializes in providing technical and manufacturing solutions for the semiconductor manufacturing industry. The company's range of products and services includes the design and manufacture of next-generation processing equipment, including diffusion and LPCVD systems, ultra-high purity gas delivery systems, and rapid batch magnetic anneal systems.
Prodeo also specializes in the sale of preowned and refurbished processing equipment. The company further provides value-added processing of semiconductor wafers, semiconductor engineering and technical services, including a CMP foundry operation supporting MEMS and other applications.
For more information, call 602/431-0444 or visit Prodeo Technologies' Web site at www.prodeotech.com.
This news release may include statements that constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements, including, but not limited to, the future demand for the company's furnaces and the company's future ability to meet such demands and the future efficacy of the product compared with other competing equipment, and the predictions about market share potential in China, are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors. For a more complete description of the risks and uncertainties facing the company, please see the company's 10-K for the fiscal year ended March 31, 2000, and other documents filed from time to time by the company with the Securities and Exchange Commission.
Trademark Notice: All trademarks named above are the property of their respective holders.
CONTACT: Prodeo Technologies Inc.
David Bays, 480/921-8555
dbays@Prodeotech.com
Christine Nedved, 602/431-0444
cnedved@Prodeotech.com |
