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BTU International, Inc. (Nasdaq NM: BTUI), the leading supplier of advanced thermal processing equipment for advanced materials processing, semiconductor packaging, and surface mount assembly, today announced the receipt of an order, valued at approximately $2 million, for an integrated manufacturing line for solid oxide fuel cell (SOFC) manufacturing. The order is from one of the largest European-based, global leaders in fuel cell technology.
This order for a turnkey production line for manufacturing solid oxide fuel cells features multiple Convection Heat Treat drying systems and BTU's unique Elevator Hearth System for high temperature sintering. The order also includes multiple screen-printing systems, a laser marking and bar code reading system as well as the automated handling equipment to fully automate the process.
The precise temperature control and purity of the processing environment within BTU's thermal processing systems work to increase the throughput and yield of the critical ceramic materials, enabling the production of high-quality, long-life, cost-effective fuel cells.
"This is a very significant order," said Mark R. Rosenzweig, president and CEO of BTU International. "We believe this is the first fully integrated production line for solid oxide fuel cells to be built anywhere in the world, and the selection of BTU by this major customer is recognition of our technological leadership and project management expertise within the fuel cell industry. We are very pleased to be selected to build this turn key production line, and will continue focusing our Advanced Materials organization on being the premier supplier of integrated manufacturing solutions for the fuel cell industry, specifically the solid oxide fuel cell (SOFC) segment."
About BTU International
BTU International, with world headquarters in North Billerica, MA, is a market-leading supplier of advanced thermal processing equipment to the semiconductor, electronics, and materials sectors. BTU manufactures a wide range of equipment for semiconductor packaging applications, including state-of-the-art systems for wafer bumping and wafer-level packaging. The company also manufactures solder reflow furnaces for printed circuit board assembly, and advanced systems for materials processing applications requiring high temperatures and precise atmosphere control. BTU operates worldwide with direct sales and service offices in the USA, Asia and Europe. Information about BTU International is available on BTU's website at www.btu.com.
Safe Harbor Statement
This news release, other than historical
financial information, includes forward-looking statements that involve
known and unknown risks and uncertainties, including quarterly fluctuations
in results. 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. Actual results may vary materially.
Accordingly, you should not place undue reliance on any forward-looking
statements. Unless otherwise required by law, the company disclaims any
obligation to revise or update such forward-looking statements in order
to reflect future events or developments.
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