ASYS - solar equipment maker - i just dove into this one in the high 5's on the announcement today, not sure if it'll be a good one but it looks interesting based on mkt. cap ($16M at 5.80), and balance sheet: ~12M. Low mkt. cap craze seems to be heating up again!!
Amtech Systems Inc. Continues to Capitalize on Booming Solar Industry with $2.4 Million in Additional Commitments for Our Fiscal Year 2006
WEDNESDAY, SEPTEMBER 14, 2005 7:45 AM
- BusinessWire
ASYS
5.57 +0.51 News
TEMPE, Ariz., Sep 14, 2005 (BUSINESS WIRE) -- Amtech Systems Inc. (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 a new order for $1.2 million for its Tempress brand furnaces and a letter of intent for $1.2 million in future orders.
This is a repeat order from an Asian customer in the solar cell industry and represents phase two of the customer's expansion. These furnaces will be manufactured in our plant in the Netherlands and designed for POCL3, wet oxidation and anneal processing of 200mm solar cells. We expect to ship the new order in December 2005.
This solar cell manufacturer has also provided us with a letter of intent to acquire another $1.2 million of Tempress brand furnaces for phase three of this expansion project. Based upon the customer's letter of intent, phase three is expected to ship near the end of our fiscal year 2006.
J.S. Whang, the company's president and CEO, stated, "I am very pleased with this new order that confirms our continued success in serving the solar industry. It is also very exciting to increase our participation in Asia, a geographic region that is growing rapidly."
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. |
