Science & Technology
Science and Technology
Science and Technology
Tue, November 18, 2008
NORTH BILLERICA, Mass.--([ BUSINESS WIRE ])--BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced that its Board of Directors yesterday authorized the purchase, from time to time over the next twelve months, of up to $1.5 million of the Company's Common Stock. The repurchases will be used to offset dilution from the Company's employee equity plans.
Repurchases may be made in the open market or through block trades, in compliance with Securities and Exchange Commission guidelines, subject to market conditions, applicable legal requirements and other factors. BTU International has no obligation to repurchase shares under the repurchase program and the timing, actual number and price of shares to be purchased will depend on the performance of BTU's stock price, general market conditions, and other factors within the discretion of management.
About BTU International
BTU International is a market-leading, global supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets. BTU equipment is used in solar cell, nuclear fuel and fuel cell manufacturing as well as in the production of printed circuit board assemblies and semiconductor packaging. BTU has operations in North Billerica, MA and Shanghai, China, with direct sales and service in the USA, Asia and Europe. Information about BTU International is available at [ www.btu.com ].
