Science & Technology
Science and Technology
Science and Technology
Wed, February 25, 2009
Tue, February 24, 2009
BTU International Receives $2 Million Order for Thin Film Solar Equipment
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, announced the receipt of an order from a new, major, thin film solar customer. The order, exceeding two million dollars in value, calls for the delivery of multiple BTU in-line thermal processing systems that will enable high-volume production of thin film solar panels.
"This order demonstrates again that BTU's thin film solar equipment is the right fit for customers who are scaling to volume production," said Paul van der Wansem, chairman and CEO of BTU International. "Our core competency in engineering and technical performance coupled with our solar technology roadmap and global footprint are key assets which enable us to serve this fast-paced and growing market."
BTU offers solar processing equipment for both silicon and thin film photovoltaics. In thin film photovoltaics, BTU's equipment is used for both the CIGS and the CdTe processes. Silicon photovoltaic applications are served by BTU's metallization and in-line diffusion systems.
In a separate press release issued today, BTU announced its financial results for the fourth quarter and fiscal year ended December 31, 2008.
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 [ http://www.btu.com ]
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This news release contains express or implied forward-looking statements regarding, among other things, (i) the company's expectation to successfully deliver and install the equipment at the customer site, and (ii) the company's expectation for business in the Electronics Manufacturing and Alternative Energy markets. Such statements are neither promises nor guarantees but rather are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such statements are made pursuant to the "safe harbor" provisions established by the federal securities laws, and are based on the assumptions and expectations of the company's management at the time such statements are made. Important factors that could cause actual results to differ include the timely availability and acceptance of new products, general market conditions governing supply and demand, the impact of competitive products and pricing and other risks detailed in the company's filings with the Securities and Exchange Commission, including but not limited to the company's Quarterly Report on Form 10-Q for the quarter ended September 28, 2008. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. All information set forth in this press release is as of February 24, 2009, and, unless otherwise required by law, the company disclaims any obligation to revise or update this information in order to reflect future events or developments.
