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BTU International Receives $16 Million Order for In-Line Diffusion Equipment

^{Published on 2010-06-30 06:26:26 - Market Wire}
 

NORTH BILLERICA, Mass.--([ BUSINESS WIRE ])--BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets, today announced that it received a $16 million order for solar cell processing equipment. Revenue recognition for this order is projected to start in the fourth quarter of 2010 and continue through the first half of 2011.

"We are very pleased with this breakthrough win for in-line silicon cell manufacturing"

aWe are very pleased with this breakthrough win for in-line silicon cell manufacturing,a said Paul van der Wansem, chairman and CEO of BTU International. aOur visiona"shared by certain key customers a"of using in-line thermal processing for the diffusion step in the production of silicon solar cells, has now been validated after several years of development. In particular, BTUa™s knowhow in precision temperature uniformity and atmosphere control for high volume processing has been a major enabler to achieving the process and cost goals set by our customer. In-line diffusion can significantly reduce the cost per watt while delivering equivalent cell efficiency compared to traditional batch equipment.a

BTU offers solar processing equipment for both silicon and thin film photovoltaics. For silicon photovoltaic applications BTUa™s systems are used for metallization and in-line diffusion processes. For thin film photovoltaics, BTU leverages its technologies and decades of experience to provide scalable, custom, in-line thermal process systems for rigid as well as flexible substrates.

About BTU International

BTU International is a market-leading, global supplier of advanced thermal processing equipment to the alternative energy and electronics assembly markets. BTUa™s equipment and expertise are used in the manufacturing of solar cells and nuclear fuel as well as the production of printed circuit board assemblies and semiconductor packaging. BTU has design and manufacturing operations in North Billerica, Massachusetts and Shanghai, China with direct sales and service worldwide. Information about BTU International is available at [ www.btu.com ].

aSafe Harbora Statement under the Private Securities Litigation Reform Act of 1995

This news release contains expressed or implied forward-looking statements regarding, among other things, the company's expectation of the installation and acceptable performance of the Companya™s in-line diffusion products and growth in the alternative energy industry. Such statements are neither promises nor guarantees but rather are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements are made pursuant to the asafe harbora provisions established by the federal securities laws, and are based on the assumptions and expectations of the companya™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 companya™s filings with the Securities and Exchange Commission, including but not limited to the companya™s Quarterly Report on Form 10-Q for the quarter ended April 4, 2010, and the company's Annual Report on Form 10-K for the year ended December 31, 2009. 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 June 30, 2010, 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.