Amtech nabs USD 10m of solar deals

Feb 28, 2014 - US solar and semiconductor manufacturing equipment maker Amtech Systems Inc (NASDAQ:ASYS) has secured about USD 10 million (EUR 7.2m) in new solar orders, including from leading Asian solar firms.

Among the contracts are orders for the company’s plasma-enhanced chemical vapor deposition (PECVD) systems from leading solar technology firms in Korea and Taiwan, Amtech said on Thursday. The company expects to deliver the equipment in the coming six months.

The orders indicate that demand for solar technology solutions is rising. The also point to a renewed interest in adding new, highly productive capacity to meet the goal of higher solar cell efficiency at a lower total cost of ownership. Amtech also noted it was continuing discussions with present and potential clients.

At the start of February, Amtech said it had narrowed its net attributable loss to USD 800,000 in its first fiscal quarter ended December 2013 from USD 4.2 million a year earlier. The firm generated sales of USD 14.8 million, marking a 58% on-the-year jump. Of the total, solar revenues were USD 6.6 million, up 54%.

(USD 1.0 = EUR 0.725)

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