Monday, May 15, 2017

Amtech posts revenue growth in quarterly results (2Q/2017)

PV Magazine Reports : The U.S./Dutch tool maker Amtech Systems Inc. saw an order intake and quarter-end backlog increase in the latest quarter. All of the company’s segments contributed to the turnover growth registered in this period.  Amtech Systems Inc. reports that it registered turnover of $33 million in the second quarter of fiscal 2017, which ended on Mar. 31, 2017. The revenue for the period amounts to $33 million, of which $17 million comes from the solar division that includes Spatial ALD (SoLayTec)

“The sequential increase and the increase from the prior year quarter,” the company explains, “is due primarily to increased demand for our solar plasma enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) tools, as well as our semiconductor equipment.”

More detials can be found in the Seeking Alpha trascript of the earnings call here.

The Amtech business unit SoLayTec in Eindhoven, The Netherlands, develops, produces and services production systems for ultrafast, spatial Atomic Layer Deposition, a promising technology for ultrathin Al2O3 passivation layers on solar cells.

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