News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/amtech-systems-generates-record-q1-revenue.html

Global automation system supplier Amtech Systems has preliminarily revealed that it generated record revenue and bookings for the financial quarter that closed in December, racking up a record future order backlog of $172m.

Its first quarter revenue of $52m, $45m of which derived from solar products, represented a 14 per cent rise above the previous quarter and a 235 per cent increase above the equivalent period of the previous year.
The company’s revenues look likely to continue to grow in the next financial quarter and beyond, as it accrued record bookings of $134m during the quarter, $126m of which are for solar products.
The company attributes its high volume of solar orders and sales to its solar diffusion technology, used in the diffusion stage of fabricating solar cells and semiconductors.
Its lines of thermal processing and solar wafer handling equipment are designed to address the oxidation, deposition and diffusion steps of producing solar products.
Amtech CEO Jong Whang said, ‘Our strong preliminary revenue for the first quarter further demonstrates our technology leadership in high efficiency solar diffusion and our operational capability.
‘With our continued success in expanding our solar market share with an increasing number of top tier solar customers, we recorded a record number of orders and continue to ramp up operations to support our record-breaking backlog and profitably manage our rapid growth.’
Amtech, which is due to release its full and final quarterly financial results early next month, made clear that these first quarter results are subject to change as a result of its quarterly close procedures.
The company manufactures a variety of products in the solar sector including silicon wafer handling equipment, thermal processing equipment and other products for fabricating solar cells and semiconductors.