25.07.15

Amtech Systems: Shares in Kingstone Semiconductor

Amtech Systems will Anteile an einer Tochtergesellschaft verkaufen. Wir veröffentlichen die Mitteilung des US-amerikanischen Solarausrüsters dazu im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

TEMPE, Arizona - Amtech Systems, Inc. (ASYS), a global supplier of production equipment and related supplies for the solar, semiconductor, and LED markets, announced that Kingstone Technology Hong Kong Limited (of which Amtech owns 55%) signed an agreement to sell shares in Kingstone Semiconductor Company Ltd, a Shanghai-based technology company specializing in ion implant solutions for the solar and semiconductor industries, to a China-based venture capital firm. Proceeds from the sale of shares will be paid to Amtech and used to support the company's core strategic initiatives.  As part of the agreement, the venture capital firm is committed to purchase shares directly from Kingstone Semiconductor, infusing new capital into Kingstone's ion implant business. Amtech will retain its exclusive solar sales and service rights until the company receives payment of $5.6 million which is due on or before March 31, 2016.  The transaction is subject to customary closing conditions and regulatory approvals in both Shanghai and Hong Kong.

Fokko Pentinga, Chief Executive Officer, commented, "Successful development of our solar ion implant systems and related new customers during the solar market down cycle positioned us to enter into this transaction and monetize part of our ion implant research and development investment.  We will continue to participate in the solar ion implant business with world-wide, non-exclusive, selling rights and minority ownership in the business."

Upon completion of the transaction, Amtech will receive approximately $8 million (pre-tax) for its shares and the repayment of a loan; and an additional $5.6 million (pre-tax) by March 31, 2016, for its exclusive sales and service rights; and will own 15% of the Hong Kong holding company (effectively a 10% beneficial ownership in the Shanghai operating entity).


About Amtech Systems, Inc.

Amtech Systems, Inc. is a global supplier of advanced thermal processing equipment to the solar, semiconductor / electronics, and LED manufacturing markets. Amtech's equipment includes diffusion, ALD and PECVD systems, ion implanters, and solder reflow systems. Amtech also supplies wafer handling automation and polishing equipment and related consumable products. The Company's wafer handling, thermal processing and consumable products currently address the diffusion, oxidation, and deposition steps used in the fabrication of solar cells, LEDs, semiconductors, MEMS, printed circuit boards, semiconductor packaging, and the polishing of newly sliced sapphire and silicon wafers. Amtech's products are recognized under the leading brand names Tempress Systems™, Bruce Technologies™, PR Hoffman™, R2D Automation™, Kingstone Semiconductor, SoLayTec, and BTU International.


Contact:
Amtech Systems, Inc.
Bradley C. Anderson
Chief Financial Officer
(480) 967-5146
irelations@Amtechsystems.com
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