Amtech Systems Books over $8M in High-Volume Thermal Systems for EV Supply Chain

Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment,
including thermal processing and wafer polishing, and related consumables
used in fabricating semiconductor devices, such as silicon carbide (SiC) and
silicon power devices, analog and discrete devices, electronic assemblies
and light-emitting diodes (LEDs), announced today the receipt of multiple
follow-on orders for controlled atmosphere belt furnaces for thermal
processing of assemblies and substrates used in electric vehicle (EV)
production.

These repeat orders were received by Amtech division, BTU International, for
multiple controlled atmosphere furnaces with delivery starting in the second
half of calendar 2023 and into calendar 2024. These continuous furnaces will
be used in applications including brazing and sintering for assemblies and
substrates that are used in EV battery cooling and electronic controls. The
furnaces will be produced at BTU’s factory in the USA and shipped to
customer locations in Asia, Europe and North America.

“Controlled atmosphere belt furnaces possess the unique ability to both keep
thermal process conditions tightly controlled and consistent while producing
extremely high volumes of product,” said Michael Whang, CEO of Amtech
Systems. “The fact that we are seeing these systems being used in so many
critical applications for the EV supply chain is an indicator of the
transition to volume production and scale for the industry. BTU is uniquely
suited for this opportunity with the existing customer base concentrated in
the automotive supply chain,” added Whang.

About Amtech Systems, Inc.

Amtech Systems, Inc. is a leading, global manufacturer of capital equipment,
including thermal processing, chemical mechanical polishing (CMP)
technology, wafer cleaning, and related consumables used in fabricating
semiconductor devices, such as silicon carbide (SiC), silicon power,
electronic assemblies and modules focusing on enabling technologies for
electric vehicles (EV) and clean technology (CleanTech) applications. We
sell process equipment and services to semiconductor device and module
manufacturers worldwide, particularly in Asia, North America and Europe. Our
strategic focus is on semiconductor growth opportunities in power
electronics, sensors and analog devices leveraging our strength in core
competencies in thermal and substrate processing. Amtech’s products are
recognized under the leading brand names BTU International, Entrepix Inc.,
Bruce TechnologiesT, PR HoffmanT and Intersurface Dynamics, Inc.