BTU International Receives Multi-Million Dollar Order for Thin Film Solar Equipment
North Billerica, Massachusetts, United States August 19, 2008
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced the receipt of an order from a major thin film solar customer. The order, exceeding two million dollars in value, calls for the delivery of several BTU in-line thermal processing systems that will enable high-volume production of Thin Film solar panels.
"We are very pleased to receive this order for use in high volume Thin Film panel production. These systems provide BTU with an exciting and fast-growing market opportunity," said Paul van der Wansem, Chairman and CEO of BTU International. "This customer chose BTU because of our serious commitment to the solar market, the depth of our thermal technology expertise, our ability to scale-up production and our global footprint for optimal customer support."
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 Furnaces and In-Line Diffusion Systems.
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.
"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 ordered equipment at the customer's site, and (ii) the company's expectation for continuing business in the 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 June 29, 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 August 19, 2008, 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.
Source: BTU International, Inc.
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