BTU International - macht thermisches Equipment für die Solarzellherstellung - 500 Beiträge pro Seite
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BTU International Reports Second Quarter 2008 Results
Wednesday July 30, 4:30 pm ET
Quarterly Net Sales up 48 Percent Year-over-Year
NORTH BILLERICA, Mass.--(BUSINESS WIRE)--BTU International, Inc. (Nasdaq: BTUI - News), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced its financial results for the second quarter of fiscal 2008, which ended on June 29, 2008.
Second quarter net sales were $20.4 million, up 23 percent compared to $16.6 million in the preceding quarter, and up 48 percent compared to $13.8 million for the same quarter a year ago. Net income for the second quarter of 2008 was $0.3 million, or $0.03 per diluted share, compared to a net income of $0.1 million, or $0.01 per diluted share, in the preceding quarter, and compared to a net income of $0.2 million, or $0.02 per diluted share, in the second quarter of 2007.
Net sales for the first six months of 2008 were $37.0 million compared to $28.9 million for the first six months of 2007. Net income for the six months ended June 29, 2008 was $0.4 million, or $0.04 per diluted share, compared to a net income of $0.9 million, or $0.09 per diluted share, for the first six months of 2007.
Comments
Commenting on the company’s second quarter performance, Paul J. van der Wansem, BTU chairman and CEO, said, “Revenues were at the high end of our forecasted range, with strength in both electronics and alternative energy. Despite healthy gross margins, our earnings for the quarter were lower than anticipated, in part due to higher than expected SG&A cost and effective tax rates. As previously stated, our intent for 2008 is to build our new alternative energy organization and invest for future growth; therefore, we are anticipating lower than normal earnings for the year. Cash and shareholders’ equity are up.”
Outlook
Van der Wansem added, “We will continue to invest in our growth markets, strongly supporting our electronics business and building upon the opportunities we have in the rapidly growing thin film and silicon solar markets. Our alternative energy business remains on track to double revenues in 2008 as compared to last year. The electronics market continues to respond well to the new products we have introduced. In addition, we were recently recognized by winning two prestigious electronics industry awards at the Semicon West exhibition in San Francisco. ”
“We foresee a stronger second half for our alternative energy business primarily driven by our expansion in the solar market. In electronics we see some softening after a stronger than anticipated first half. Revenues for the third quarter are expected to be flat, as compared to the second quarter, while maintaining a level of profitability as we continue to invest in our electronics and alternative energy business,” concluded Van der Wansem.
Wednesday July 30, 4:30 pm ET
Quarterly Net Sales up 48 Percent Year-over-Year
NORTH BILLERICA, Mass.--(BUSINESS WIRE)--BTU International, Inc. (Nasdaq: BTUI - News), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced its financial results for the second quarter of fiscal 2008, which ended on June 29, 2008.
Second quarter net sales were $20.4 million, up 23 percent compared to $16.6 million in the preceding quarter, and up 48 percent compared to $13.8 million for the same quarter a year ago. Net income for the second quarter of 2008 was $0.3 million, or $0.03 per diluted share, compared to a net income of $0.1 million, or $0.01 per diluted share, in the preceding quarter, and compared to a net income of $0.2 million, or $0.02 per diluted share, in the second quarter of 2007.
Net sales for the first six months of 2008 were $37.0 million compared to $28.9 million for the first six months of 2007. Net income for the six months ended June 29, 2008 was $0.4 million, or $0.04 per diluted share, compared to a net income of $0.9 million, or $0.09 per diluted share, for the first six months of 2007.
Comments
Commenting on the company’s second quarter performance, Paul J. van der Wansem, BTU chairman and CEO, said, “Revenues were at the high end of our forecasted range, with strength in both electronics and alternative energy. Despite healthy gross margins, our earnings for the quarter were lower than anticipated, in part due to higher than expected SG&A cost and effective tax rates. As previously stated, our intent for 2008 is to build our new alternative energy organization and invest for future growth; therefore, we are anticipating lower than normal earnings for the year. Cash and shareholders’ equity are up.”
Outlook
Van der Wansem added, “We will continue to invest in our growth markets, strongly supporting our electronics business and building upon the opportunities we have in the rapidly growing thin film and silicon solar markets. Our alternative energy business remains on track to double revenues in 2008 as compared to last year. The electronics market continues to respond well to the new products we have introduced. In addition, we were recently recognized by winning two prestigious electronics industry awards at the Semicon West exhibition in San Francisco. ”
“We foresee a stronger second half for our alternative energy business primarily driven by our expansion in the solar market. In electronics we see some softening after a stronger than anticipated first half. Revenues for the third quarter are expected to be flat, as compared to the second quarter, while maintaining a level of profitability as we continue to invest in our electronics and alternative energy business,” concluded Van der Wansem.
PHOTOVOLTAIC
BTU has participated globally in the photovoltaic industry since the 1990’s. BTU was a pioneer in the diffusion, APCVD coating and metallization processes. Photovoltaic (PV) technology is a clean energy alternative gaining tremendous momentum especially in today’s energy market where fossil fuel has negative impacts to our environment and the cost continues to rise.
Commonly known as solar cells, individual photovoltaic cells are electricity-producing devices made of semiconductor materials. PV cells come in many sizes and shapes, from smaller than a postage stamp to several inches across. They are often connected to form PV Modules that may be up to several feet long and a few feet wide. Modules, in turn, can be combined and connected to form PV arrays of different sizes and power output.
Solar cell manufacturing requires several thermal steps not that different from semiconductor manufacturing, an industry where BTU is also a market leader. These processes include diffusion, drying, coating and firing of the solar cell. BTU Provides thermal solutions for all of these process steps.
PRODUCTS:
In-Line Diffusion System • Diffusion Furnace • Phosphorus Doper
Metallization • Anti Reflective Coating
PROCESS:
Diffusion • Metallization • Anti Reflective Coating • Thin Film
BTU has participated globally in the photovoltaic industry since the 1990’s. BTU was a pioneer in the diffusion, APCVD coating and metallization processes. Photovoltaic (PV) technology is a clean energy alternative gaining tremendous momentum especially in today’s energy market where fossil fuel has negative impacts to our environment and the cost continues to rise.
Commonly known as solar cells, individual photovoltaic cells are electricity-producing devices made of semiconductor materials. PV cells come in many sizes and shapes, from smaller than a postage stamp to several inches across. They are often connected to form PV Modules that may be up to several feet long and a few feet wide. Modules, in turn, can be combined and connected to form PV arrays of different sizes and power output.
Solar cell manufacturing requires several thermal steps not that different from semiconductor manufacturing, an industry where BTU is also a market leader. These processes include diffusion, drying, coating and firing of the solar cell. BTU Provides thermal solutions for all of these process steps.
PRODUCTS:
In-Line Diffusion System • Diffusion Furnace • Phosphorus Doper
Metallization • Anti Reflective Coating
PROCESS:
Diffusion • Metallization • Anti Reflective Coating • Thin Film
19.08.2008 16:16
BTU International Receives Multi-Million Dollar Order for Thin Film Solar Equipment
BTU International (News) (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 Receives Multi-Million Dollar Order for Thin Film Solar Equipment
BTU International (News) (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.
Antwort auf Beitrag Nr.: 34.774.027 von meinolf67 am 20.08.08 10:38:00von den im 10K genannten Kunden ist nur Nanosolar ein Dünnschichtproduzent...
26.08.2008 16:23
BTU International Appoints Frank Bottari as Director of Solar Applications
BTU International, (News) Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced the appointment of Frank Bottari, Ph.D., as director of solar applications.
Dr. Bottari comes to BTU with an extensive background in process development for thin films coatings, nanomaterials for display and solar applications, and silicon photovoltaics at companies including Mobil Solar and 3M. He holds over 40 patents and published applications, many of them in solar technology. Dr. Bottari holds a doctorate from Brown University and a bachelor's degree in chemistry from Rensselaer Polytechnic Institute.
”We are thrilled to have Frank as a key part of our expanding solar team. He will have responsibility for our solar labs and applications teams in both the U.S. and China,“ said Doug Lawson, VP, alternative energy, marketing and business development. ”We are looking forward to leveraging his strengths in process development to improve solar cell efficiencies as we partner with key customers.“
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 will be exhibiting at the 23rd European Photovoltaic Solar Energy Conference and Exhibition in Valencia, Spain, being held on September 1- 5. BTU process experts will be available for the duration of the show to answer questions and review requirements.
BTU International Appoints Frank Bottari as Director of Solar Applications
BTU International, (News) Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced the appointment of Frank Bottari, Ph.D., as director of solar applications.
Dr. Bottari comes to BTU with an extensive background in process development for thin films coatings, nanomaterials for display and solar applications, and silicon photovoltaics at companies including Mobil Solar and 3M. He holds over 40 patents and published applications, many of them in solar technology. Dr. Bottari holds a doctorate from Brown University and a bachelor's degree in chemistry from Rensselaer Polytechnic Institute.
”We are thrilled to have Frank as a key part of our expanding solar team. He will have responsibility for our solar labs and applications teams in both the U.S. and China,“ said Doug Lawson, VP, alternative energy, marketing and business development. ”We are looking forward to leveraging his strengths in process development to improve solar cell efficiencies as we partner with key customers.“
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 will be exhibiting at the 23rd European Photovoltaic Solar Energy Conference and Exhibition in Valencia, Spain, being held on September 1- 5. BTU process experts will be available for the duration of the show to answer questions and review requirements.
Trading Spotlight
DEK und BTU
Allianz der Anlagenbauer liefert komplette Prozesslösungen für die Solarzellenproduktion
01.10.2007 | Redakteur: Claudia Mallok
DEK, Experte für Druckprozesse hat eine strategische Partnerschaft mit dem Spezialisten für thermische Systeme BTU International angekündigt: gemeinsam liefern die beiden Technologieführer die komplette Ausrüstung für die Metallisierungsprozesse bei der Produktion von Dünnfilm-Solarzellen.
Auf der 22. European Photovoltaic Solar Energy Conference im September in Mailand haben DEK und BTU haben ihre neue Allianz offiziell bekannt gegeben. Die Partner bündeln DEKs Handhabungssysteme und Drucktechnologien der neuesten Generation mit den Hochleistungs-Trocknungs- und Einbrennsystemen von BTU in kompletten Lösungen für die Photovoltaik-Industrie. Auf einem gemeinsamen Messestand haben beide Unternehmen demonstriert, wie ihr gebündeltes Knowhow die Kosten pro Watt bei der Solarzellenproduktion senkt.
DEK ist Experte für Druckerplattformen, Schablonen und Präzisionssiebe einschließlich Technologien zum Auftragen und zur Strukturierung beim Bestücken von elektronischen Baugruppen, die Verarbeitung von Halbleiter-Wafern sowie von Materialien für die alternative Energiegewinnung. BTU International stellt Reflow-Lötöfen für die Baugruppenfertigung sowie für Wafer-Level- und Die-Level-Packaging her. Darüber hinaus liefert BTU Ausrüstung für thermische Prozesse der Solarzellen-, Kernbrennstoff- und Brennstoffzellen-Industrie.
Click here to find out more!
Metallisierungsebenen hochpräzise und reproduzierbar auftragen
Der in DEKs Drucker-Plattformen realisierte Strukturierungsprozess sei ideal geeignet, die feinen Strukturen zu erzeugen, die Voraussetzung für die hohe Produktivität bei der Solarzellenproduktion sind. DEK beherrsche die präzise Kontrolle des Auftragsprozesses, heißt es. Hierbei wird das Material durch die Öffnungen von Sieben und Schablonen auf das Substrat aufgetragen und eine gleiche Schichtdicke über die gesamte Fläche garantiert.
Zudem steigere das preisgekrönte, geschlossene Druckkopf-System ProFlow von DEK die Prozesskontrolle noch weiter und ermögliche den hochpräzisen Schablonendruck von Materialien wie z.B. leitfähigen Polymer-Dickfilmpasten. Die präzise Anwendung neuester Schablonendruck-Technologien gilt als Schlüssel für hochproduktive Herstellungsprozess von Dünnfilm-Solarzellen.
„Diese neue Partnerschaft wird die Messlatte in Bezug auf Produktivität und Durchsatz höher hängen und Photovoltaik-Herstellern einen klaren Vorteil bei der Cost-of-Ownership bringen“, glaubt DEKs CEO John Hartner.
DEK liefert seit den frühen 70er Jahren Siebdrucker für die Fertigung von Dickfilm-Bauelementen. Der Erfahrungsschatz in der Dickfilm- und SMD-Produktion spiele eine große Rolle bei der Abfallminimierung der hochwertigen Ausangsmaterialien bei der Solarzellenproduktion.
„BTU und DEK sind jeweils Technologieführer in ihren Bereichen“, kommentiert BTU-Präsident und CEO Paul van der Wansem, „wir haben beide die seltene Gelegenheit beim Schopf gepackt, eine leistungsfähige Partnerschaft mit großen Synergien einzugehen. Wir vereinen unsere jeweiligen Stärken und globalen Präsenzen und ermöglichen so Produktionsprozesse für höchsten Durchsatz, verbunden mit hervorragendem Service und Support in aller Welt.“
Allianz der Anlagenbauer liefert komplette Prozesslösungen für die Solarzellenproduktion
01.10.2007 | Redakteur: Claudia Mallok
DEK, Experte für Druckprozesse hat eine strategische Partnerschaft mit dem Spezialisten für thermische Systeme BTU International angekündigt: gemeinsam liefern die beiden Technologieführer die komplette Ausrüstung für die Metallisierungsprozesse bei der Produktion von Dünnfilm-Solarzellen.
Auf der 22. European Photovoltaic Solar Energy Conference im September in Mailand haben DEK und BTU haben ihre neue Allianz offiziell bekannt gegeben. Die Partner bündeln DEKs Handhabungssysteme und Drucktechnologien der neuesten Generation mit den Hochleistungs-Trocknungs- und Einbrennsystemen von BTU in kompletten Lösungen für die Photovoltaik-Industrie. Auf einem gemeinsamen Messestand haben beide Unternehmen demonstriert, wie ihr gebündeltes Knowhow die Kosten pro Watt bei der Solarzellenproduktion senkt.
DEK ist Experte für Druckerplattformen, Schablonen und Präzisionssiebe einschließlich Technologien zum Auftragen und zur Strukturierung beim Bestücken von elektronischen Baugruppen, die Verarbeitung von Halbleiter-Wafern sowie von Materialien für die alternative Energiegewinnung. BTU International stellt Reflow-Lötöfen für die Baugruppenfertigung sowie für Wafer-Level- und Die-Level-Packaging her. Darüber hinaus liefert BTU Ausrüstung für thermische Prozesse der Solarzellen-, Kernbrennstoff- und Brennstoffzellen-Industrie.
Click here to find out more!
Metallisierungsebenen hochpräzise und reproduzierbar auftragen
Der in DEKs Drucker-Plattformen realisierte Strukturierungsprozess sei ideal geeignet, die feinen Strukturen zu erzeugen, die Voraussetzung für die hohe Produktivität bei der Solarzellenproduktion sind. DEK beherrsche die präzise Kontrolle des Auftragsprozesses, heißt es. Hierbei wird das Material durch die Öffnungen von Sieben und Schablonen auf das Substrat aufgetragen und eine gleiche Schichtdicke über die gesamte Fläche garantiert.
Zudem steigere das preisgekrönte, geschlossene Druckkopf-System ProFlow von DEK die Prozesskontrolle noch weiter und ermögliche den hochpräzisen Schablonendruck von Materialien wie z.B. leitfähigen Polymer-Dickfilmpasten. Die präzise Anwendung neuester Schablonendruck-Technologien gilt als Schlüssel für hochproduktive Herstellungsprozess von Dünnfilm-Solarzellen.
„Diese neue Partnerschaft wird die Messlatte in Bezug auf Produktivität und Durchsatz höher hängen und Photovoltaik-Herstellern einen klaren Vorteil bei der Cost-of-Ownership bringen“, glaubt DEKs CEO John Hartner.
DEK liefert seit den frühen 70er Jahren Siebdrucker für die Fertigung von Dickfilm-Bauelementen. Der Erfahrungsschatz in der Dickfilm- und SMD-Produktion spiele eine große Rolle bei der Abfallminimierung der hochwertigen Ausangsmaterialien bei der Solarzellenproduktion.
„BTU und DEK sind jeweils Technologieführer in ihren Bereichen“, kommentiert BTU-Präsident und CEO Paul van der Wansem, „wir haben beide die seltene Gelegenheit beim Schopf gepackt, eine leistungsfähige Partnerschaft mit großen Synergien einzugehen. Wir vereinen unsere jeweiligen Stärken und globalen Präsenzen und ermöglichen so Produktionsprozesse für höchsten Durchsatz, verbunden mit hervorragendem Service und Support in aller Welt.“
BTU receives solar cell manufacturing systems deal
Filed from Houston 9/2/2008 12:53:41 PM GMT
USA
NORTH BILLERICA, MASS: BTU International, a supplier of thermal processing equipment for the alternative energy and electronics manufacturing markets, received an order exceeding US$2 million dollars in value from a thin film solar customer. The order calls for the delivery of several BTU in-line thermal processing systems that will enable high-volume production of thin film solar panels.
BTU offers solar processing equipment for both silicon and thin film photovoltaics (PV). In thin film PV, BTU's equipment is used for both the CIGS and the CdTe processes. Silicon PV applications are served by BTU's metallization furnaces and in-line diffusion systems.
Filed from Houston 9/2/2008 12:53:41 PM GMT
USA
NORTH BILLERICA, MASS: BTU International, a supplier of thermal processing equipment for the alternative energy and electronics manufacturing markets, received an order exceeding US$2 million dollars in value from a thin film solar customer. The order calls for the delivery of several BTU in-line thermal processing systems that will enable high-volume production of thin film solar panels.
BTU offers solar processing equipment for both silicon and thin film photovoltaics (PV). In thin film PV, BTU's equipment is used for both the CIGS and the CdTe processes. Silicon PV applications are served by BTU's metallization furnaces and in-line diffusion systems.
BTU International expects solar market to dominate future equipment sales
BTU International has posted 3Q08 sales of $20.6 million, up 25 percent compared to $16.5 million for the same quarter a year ago and up compared to $20.4 million in the preceding quarter. With the downturn in the semiconductor industry, BTU is anticipating a slowdown in sales through the first half of 2009. However, the company expects equipment sales to the photovoltaics industry to grow and become a significant percentage of its sales mix in the future.
“The driving forces for a cleaner environment coupled with the need for an increase in energy generation worldwide are expected to result in expansion by most of our customers in the alternative energy markets,” commented Paul J. van der Wansem, BTU chairman and CEO. “Our new product developments are ongoing and we are on target to make alternative energy a significant, if not the major, part of our equipment business in the near future.”
BTU International has posted 3Q08 sales of $20.6 million, up 25 percent compared to $16.5 million for the same quarter a year ago and up compared to $20.4 million in the preceding quarter. With the downturn in the semiconductor industry, BTU is anticipating a slowdown in sales through the first half of 2009. However, the company expects equipment sales to the photovoltaics industry to grow and become a significant percentage of its sales mix in the future.
“The driving forces for a cleaner environment coupled with the need for an increase in energy generation worldwide are expected to result in expansion by most of our customers in the alternative energy markets,” commented Paul J. van der Wansem, BTU chairman and CEO. “Our new product developments are ongoing and we are on target to make alternative energy a significant, if not the major, part of our equipment business in the near future.”
24.02.2009 22:47
BTU International Receives $2 Million Order for Thin Film Solar Equipment
BTU International (News) (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, announced the receipt of an order from a new, major, thin film solar customer. The order, exceeding two million dollars in value, calls for the delivery of multiple BTU in-line thermal processing systems that will enable high-volume production of thin film solar panels.
”This order demonstrates again that BTU’s thin film solar equipment is the right fit for customers who are scaling to volume production,” said Paul van der Wansem, chairman and CEO of BTU International. ”Our core competency in engineering and technical performance coupled with our solar technology roadmap and global footprint are key assets which enable us to serve this fast-paced and growing market.”
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 and in-line diffusion systems.
In a separate press release issued today, BTU announced its financial results for the fourth quarter and fiscal year ended December 31, 2008.
BTU International Receives $2 Million Order for Thin Film Solar Equipment
BTU International (News) (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, announced the receipt of an order from a new, major, thin film solar customer. The order, exceeding two million dollars in value, calls for the delivery of multiple BTU in-line thermal processing systems that will enable high-volume production of thin film solar panels.
”This order demonstrates again that BTU’s thin film solar equipment is the right fit for customers who are scaling to volume production,” said Paul van der Wansem, chairman and CEO of BTU International. ”Our core competency in engineering and technical performance coupled with our solar technology roadmap and global footprint are key assets which enable us to serve this fast-paced and growing market.”
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 and in-line diffusion systems.
In a separate press release issued today, BTU announced its financial results for the fourth quarter and fiscal year ended December 31, 2008.
21.05.2009 15:31
BTU International Appoints New Vice President Marketing
BTU International, (News) Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment and processes for the alternative energy and electronics assembly markets, today announced the hiring of Jan-Paul van Maaren, PhD, as vice president marketing.
Van Maaren, who will report directly to Paul J. van der Wansem, BTU’s chairman and chief executive officer, is responsible for all of the company’s strategic marketing and marketing communications activities. Initially, he will focus on BTU’s solar markets, which comprise the company’s fastest growing business.
Prior to joining BTU, van Maaren served as vice president of corporate marketing at MKS Instruments, a global supplier of semiconductor and solar manufacturing equipment. Previously, he was vice president and general manager at GretagMacbeth, a manufacturer of optical instruments and software for color measurement and control. From 1997 to 2005, van Maaren held various positions at Eaton / Axcelis Technologies, including vice president and general manager of the cleaning and curing systems division.
”We are very pleased to have Jan-Paul join our executive team,” said van der Wansem. ”At a time when we are investing heavily in new products and processes for our growing alternative energy markets—especially solar—Jan-Paul brings to BTU significant knowledge and experience in this field. We are confident that he will be a strong contributor to our continuing success.”
Van Maaren holds a master’s degree with a concentration in marketing from the Wharton School of Business at the University of Pennsylvania and a doctorate in physics from the University of Utrecht in the Netherlands.
BTU International Appoints New Vice President Marketing
BTU International, (News) Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment and processes for the alternative energy and electronics assembly markets, today announced the hiring of Jan-Paul van Maaren, PhD, as vice president marketing.
Van Maaren, who will report directly to Paul J. van der Wansem, BTU’s chairman and chief executive officer, is responsible for all of the company’s strategic marketing and marketing communications activities. Initially, he will focus on BTU’s solar markets, which comprise the company’s fastest growing business.
Prior to joining BTU, van Maaren served as vice president of corporate marketing at MKS Instruments, a global supplier of semiconductor and solar manufacturing equipment. Previously, he was vice president and general manager at GretagMacbeth, a manufacturer of optical instruments and software for color measurement and control. From 1997 to 2005, van Maaren held various positions at Eaton / Axcelis Technologies, including vice president and general manager of the cleaning and curing systems division.
”We are very pleased to have Jan-Paul join our executive team,” said van der Wansem. ”At a time when we are investing heavily in new products and processes for our growing alternative energy markets—especially solar—Jan-Paul brings to BTU significant knowledge and experience in this field. We are confident that he will be a strong contributor to our continuing success.”
Van Maaren holds a master’s degree with a concentration in marketing from the Wharton School of Business at the University of Pennsylvania and a doctorate in physics from the University of Utrecht in the Netherlands.
BTU International Wins 'Industry Choice' International Solar Technology Award for its MERIDIAN(TM) In-Line Diffusion System
NORTH BILLERICA, Mass., Jun 01, 2009 (BUSINESS WIRE) -- BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, was awarded the 'Industry Choice' International Solar Technology Award. The award was presented during a ceremony at the Intersolar Munich show in Germany.
The International Solar Technology Awards are designed to acknowledge and recognize achievements in the creation and development of solar technology. Emphasis is placed on real-world technical advancements required throughout the supply chain to push solar power toward grid-parity without government subsidies. Each award category was judged by a panel of industry experts and the industry public, through online voting. For the 'Industry Choice' award, the definitive category for solar applications, the popular voting is double-weighted.
"We are thrilled to win such a prestigious award and congratulate our MERIDIAN(TM) In-line Diffusion System team under leadership of Bob Bouchard, MERIDIAN product manager," said Jan-Paul van Maaren, BTU International's vice president marketing. "The MERIDIAN(TM) In-line Diffusion System reduces total cost of ownership over batch processing and offers process control features that can lead to improved cell efficiency. We are receiving positive feedback from our customers, and being recognized by the industry in this way just adds to our excitement."
BTU International's MERIDIAN(TM) In-line Diffusion System features the MERIDIAN(TM) phosphorus coater, which includes key advances such as back-side and top-side coating and integrated wafer drying. The system can be configured to achieve up to 1500 156-mm wafers per hour. The in-line process offers reduced wafer handling and greater throughput than traditional batch processing. Reduced handling translates into lower breakage rates, improved yield and lower cost of ownership.
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.
NORTH BILLERICA, Mass., Jun 01, 2009 (BUSINESS WIRE) -- BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, was awarded the 'Industry Choice' International Solar Technology Award. The award was presented during a ceremony at the Intersolar Munich show in Germany.
The International Solar Technology Awards are designed to acknowledge and recognize achievements in the creation and development of solar technology. Emphasis is placed on real-world technical advancements required throughout the supply chain to push solar power toward grid-parity without government subsidies. Each award category was judged by a panel of industry experts and the industry public, through online voting. For the 'Industry Choice' award, the definitive category for solar applications, the popular voting is double-weighted.
"We are thrilled to win such a prestigious award and congratulate our MERIDIAN(TM) In-line Diffusion System team under leadership of Bob Bouchard, MERIDIAN product manager," said Jan-Paul van Maaren, BTU International's vice president marketing. "The MERIDIAN(TM) In-line Diffusion System reduces total cost of ownership over batch processing and offers process control features that can lead to improved cell efficiency. We are receiving positive feedback from our customers, and being recognized by the industry in this way just adds to our excitement."
BTU International's MERIDIAN(TM) In-line Diffusion System features the MERIDIAN(TM) phosphorus coater, which includes key advances such as back-side and top-side coating and integrated wafer drying. The system can be configured to achieve up to 1500 156-mm wafers per hour. The in-line process offers reduced wafer handling and greater throughput than traditional batch processing. Reduced handling translates into lower breakage rates, improved yield and lower cost of ownership.
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 Reports Second Quarter 2009 Results
NORTH BILLERICA, Mass.--(BUSINESS WIRE)--BTU International, Inc. (Nasdaq: BTUI - News), a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets, today announced its financial results for the second quarter, which ended on June 28, 2009.
Second quarter net sales were $10.8 million, up 10 percent compared to $9.8 million in the preceding quarter, and down 47 percent compared to $20.4 million for the same quarter a year ago. Net loss for the second quarter of 2009 was $3.5 million, or a loss of $0.38 per basic share, compared to a net loss of $4.6 million, or a loss of $0.49 per basic share, in the preceding quarter, and compared to net income of $0.3 million, or $0.03 per basic share, in the second quarter of 2008.
Net sales for the first six months of 2009 were $20.6 million compared to $37.0 million for the first six months of 2008. Net loss for the six months ended June 28, 2009 was $8.0 million, or a loss of $0.87 per basic share, compared to a net income of $0.4 million, or $0.04 per basic share, for the first six months of 2008.
Comments
Commenting on the company’s performance, Paul J. van der Wansem, BTU chairman and CEO, said, “We are pleased to report somewhat improved performance, both in top line and bottom line results, as compared to the first quarter of 2009. During the quarter, we saw strengthening in the electronics business, especially in the printed circuit board assembly market. Although revenues in our solar business were down for the quarter, we did ship several of the first new products to key customers for both Silicon and Thin-film applications.
Outlook
“For the past several quarters, market indicators have continued to set a cautious tone with varying expectations regarding the impact of economic stimulus plans around the world. The impact and timing of these actions makes predicting the future difficult. We are certainly pleased to see some recovery in electronics, and we anticipate seeing the solar market continue a somewhat bumpy ride over the next several quarters on the way to becoming a growth market in 2010. Overall, we remain confident that our business strategy is sound with next generation products in process qualification at several top customers who are part of the foundation for our future growth,” said van der Wansem.
Teleconference and Simultaneous Webcast
BTU will be discussing its financial results, along with its outlook for the third quarter of 2009, in a conference call to be held today, July 28, at 5:00 p.m. Eastern Time. The dial-in number to participate in the conference call is 877-545-1414. A webcast of the conference call will be available on BTU’s website at www.btu.com. Replays of the call will be available through August 11, 2009, and can be accessed at this website or by phone at (888) 203-1112, passcode: 2645355.
NORTH BILLERICA, Mass.--(BUSINESS WIRE)--BTU International, Inc. (Nasdaq: BTUI - News), a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets, today announced its financial results for the second quarter, which ended on June 28, 2009.
Second quarter net sales were $10.8 million, up 10 percent compared to $9.8 million in the preceding quarter, and down 47 percent compared to $20.4 million for the same quarter a year ago. Net loss for the second quarter of 2009 was $3.5 million, or a loss of $0.38 per basic share, compared to a net loss of $4.6 million, or a loss of $0.49 per basic share, in the preceding quarter, and compared to net income of $0.3 million, or $0.03 per basic share, in the second quarter of 2008.
Net sales for the first six months of 2009 were $20.6 million compared to $37.0 million for the first six months of 2008. Net loss for the six months ended June 28, 2009 was $8.0 million, or a loss of $0.87 per basic share, compared to a net income of $0.4 million, or $0.04 per basic share, for the first six months of 2008.
Comments
Commenting on the company’s performance, Paul J. van der Wansem, BTU chairman and CEO, said, “We are pleased to report somewhat improved performance, both in top line and bottom line results, as compared to the first quarter of 2009. During the quarter, we saw strengthening in the electronics business, especially in the printed circuit board assembly market. Although revenues in our solar business were down for the quarter, we did ship several of the first new products to key customers for both Silicon and Thin-film applications.
Outlook
“For the past several quarters, market indicators have continued to set a cautious tone with varying expectations regarding the impact of economic stimulus plans around the world. The impact and timing of these actions makes predicting the future difficult. We are certainly pleased to see some recovery in electronics, and we anticipate seeing the solar market continue a somewhat bumpy ride over the next several quarters on the way to becoming a growth market in 2010. Overall, we remain confident that our business strategy is sound with next generation products in process qualification at several top customers who are part of the foundation for our future growth,” said van der Wansem.
Teleconference and Simultaneous Webcast
BTU will be discussing its financial results, along with its outlook for the third quarter of 2009, in a conference call to be held today, July 28, at 5:00 p.m. Eastern Time. The dial-in number to participate in the conference call is 877-545-1414. A webcast of the conference call will be available on BTU’s website at www.btu.com. Replays of the call will be available through August 11, 2009, and can be accessed at this website or by phone at (888) 203-1112, passcode: 2645355.
6.09.2009 15:59
BTU International Receives Multiple Orders for its New Tritan™ Metallization System
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics assembly markets, today announced that it has received multiple orders for its new Tritan™ metallization drying and firing system.
The orders come from a diverse group of customers including Asia-based high volume manufacturers and a photovoltaics research institute. The orders are expected to ship in the third and fourth quarter of this year.
”The customer response to our next generation metallization system has been very positive, in part because some have achieved higher efficiencies than their process of record,” said Jan-Paul van Maaren, Ph.D., BTU International’s vice president marketing. ”We are looking forward to showcasing the system at the EUPV show in Hamburg, Germany, between September 21st and 24th.”
The Tritan™ drying and firing furnace features a proprietary multi-drive system which enables aggressive temperature spikes without compromising the drying, burnout and cooling process steps as single-drive systems do. With optimized wavelengths and innovative heating and gas delivery technology, wafers being processed in the Tritan™ system can be heated at a steep temperature gradient.
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 systems and in-line diffusion systems.
BTU International Receives Multiple Orders for its New Tritan™ Metallization System
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics assembly markets, today announced that it has received multiple orders for its new Tritan™ metallization drying and firing system.
The orders come from a diverse group of customers including Asia-based high volume manufacturers and a photovoltaics research institute. The orders are expected to ship in the third and fourth quarter of this year.
”The customer response to our next generation metallization system has been very positive, in part because some have achieved higher efficiencies than their process of record,” said Jan-Paul van Maaren, Ph.D., BTU International’s vice president marketing. ”We are looking forward to showcasing the system at the EUPV show in Hamburg, Germany, between September 21st and 24th.”
The Tritan™ drying and firing furnace features a proprietary multi-drive system which enables aggressive temperature spikes without compromising the drying, burnout and cooling process steps as single-drive systems do. With optimized wavelengths and innovative heating and gas delivery technology, wafers being processed in the Tritan™ system can be heated at a steep temperature gradient.
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 systems and in-line diffusion systems.
17.09.2009 15:29
BTU International Receives Order for Nuclear Fuel Sintering System
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced that it has received a repeat order for a high-volume nuclear fuel sintering system.
The $3.4 million system, which uses BTU’s Walking Beam technology, was ordered by a long-standing customer and will be used in the manufacturing of uranium oxide fuel. The system will be shipping to the customer’s manufacturing facility in Europe in mid 2010.
BTU is the world’s leading provider of systems used for the sintering of nuclear fuel pellets. BTU’s Walking Beam furnace is a high temperature, thermal processing system designed for handling heavy loads under precisely controlled temperatures and gas atmospheres. Various system configurations are available to provide temperatures up to 1800 degrees Celsius and atmosphere capabilities ranging from oxidizing to fully reducing. The Walking Beam system includes a number of BTU’s proprietary technologies including variable density refractory components, eductor technology and the Walking Beam mechanism.
BTU International Receives Order for Nuclear Fuel Sintering System
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment for the alternative energy and electronics manufacturing markets, today announced that it has received a repeat order for a high-volume nuclear fuel sintering system.
The $3.4 million system, which uses BTU’s Walking Beam technology, was ordered by a long-standing customer and will be used in the manufacturing of uranium oxide fuel. The system will be shipping to the customer’s manufacturing facility in Europe in mid 2010.
BTU is the world’s leading provider of systems used for the sintering of nuclear fuel pellets. BTU’s Walking Beam furnace is a high temperature, thermal processing system designed for handling heavy loads under precisely controlled temperatures and gas atmospheres. Various system configurations are available to provide temperatures up to 1800 degrees Celsius and atmosphere capabilities ranging from oxidizing to fully reducing. The Walking Beam system includes a number of BTU’s proprietary technologies including variable density refractory components, eductor technology and the Walking Beam mechanism.
BTU International reports Q309 results: up from Q209, down from Q308
28 October 2009 | By Emma Hughes | News > Cell Processing
BTU International has announced its financial results for the third quarter, ending September 27, 2009. Similarly to other companies' results for this quarter, figures were up from second quarter, yet down fairly significantly from the same quarter last year.
Net sales were US$12.4 million, up 15% compared to US$10.8 million in the preceding quarter, and down 40% compared to US$20.6 million for the same quarter in 2008. Net loss for the quarter amounted to US$2.6 million, (US$0.29 per basic share) compared to a net loss of US$3.5 million (US$0.38 per basic share) in the preceding quarter, and compared to net income of US$0.7 million, or US$0.07 per diluted share, in the third quarter a year ago.
Net sales were US$33.0 million compared to US$57.6 million for the first nine months of 2008. Net was recorded at US$10.7 million, or a loss of US$1.16 per basic share, compared to a net income of US$1.1 million, or US$0.11 per diluted share, for the first nine months of 2008.
Paul J. van der Wansem, BTU chairman and CEO, said, "We are pleased to report continuing improvement in our performance. Both revenues and bottom line results improved for the second quarter in a row.
"Most of the increase in our third quarter revenues can be attributed to growth in our electronics business, which demonstrated strength in capital expenditures for both printed circuit board assembly and semiconductor packaging applications. This was especially true in China. In the energy sector we have seen continuing interest and bookings for our nuclear fuel processing equipment. The solar industry remains in a slowdown due to overcapacity and limited project financing.
"It appears that the global electronics business has turned a corner, and we anticipate a further strengthening in these markets," said van der Wansem. "Continuing to invest in solar, we have introduced a number of new products and are positioned to capitalize on what we expect to be a growth market for solar in 2010."
28 October 2009 | By Emma Hughes | News > Cell Processing
BTU International has announced its financial results for the third quarter, ending September 27, 2009. Similarly to other companies' results for this quarter, figures were up from second quarter, yet down fairly significantly from the same quarter last year.
Net sales were US$12.4 million, up 15% compared to US$10.8 million in the preceding quarter, and down 40% compared to US$20.6 million for the same quarter in 2008. Net loss for the quarter amounted to US$2.6 million, (US$0.29 per basic share) compared to a net loss of US$3.5 million (US$0.38 per basic share) in the preceding quarter, and compared to net income of US$0.7 million, or US$0.07 per diluted share, in the third quarter a year ago.
Net sales were US$33.0 million compared to US$57.6 million for the first nine months of 2008. Net was recorded at US$10.7 million, or a loss of US$1.16 per basic share, compared to a net income of US$1.1 million, or US$0.11 per diluted share, for the first nine months of 2008.
Paul J. van der Wansem, BTU chairman and CEO, said, "We are pleased to report continuing improvement in our performance. Both revenues and bottom line results improved for the second quarter in a row.
"Most of the increase in our third quarter revenues can be attributed to growth in our electronics business, which demonstrated strength in capital expenditures for both printed circuit board assembly and semiconductor packaging applications. This was especially true in China. In the energy sector we have seen continuing interest and bookings for our nuclear fuel processing equipment. The solar industry remains in a slowdown due to overcapacity and limited project financing.
"It appears that the global electronics business has turned a corner, and we anticipate a further strengthening in these markets," said van der Wansem. "Continuing to invest in solar, we have introduced a number of new products and are positioned to capitalize on what we expect to be a growth market for solar in 2010."
BTU International receives $5.5 million in solar orders
Posted by Debasish Choudhury on 08 December 2009 at 07:39
BTU International, a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets, today announced it received approximately $5.5 million in orders from Asia/Pacific customers for BTU solar processing equipment. The majority of the equipment will be used for contact formation in a new high efficiency process for the manufacture of silicon solar cells. The balance of the ordered equipment consists of current-generation metallization systems. Revenue recognition for these orders is expected during the first half of 2010.
“We are very pleased with these wins for our solar business,” said Paul van der Wansem, chairman and CEO of BTU International. “Over the past two years BTU has made significant investments in the development of new solar products, and we are encouraged by these orders.”
BTU offers solar processing equipment for both silicon and thin film photovoltaics. For silicon photovoltaic applications BTU’s systems are used for metallization and in-line diffusion processes. In thin film photovoltaics, BTU’s equipment is used for both the CIGS and the CdTe processes.
Posted by Debasish Choudhury on 08 December 2009 at 07:39
BTU International, a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets, today announced it received approximately $5.5 million in orders from Asia/Pacific customers for BTU solar processing equipment. The majority of the equipment will be used for contact formation in a new high efficiency process for the manufacture of silicon solar cells. The balance of the ordered equipment consists of current-generation metallization systems. Revenue recognition for these orders is expected during the first half of 2010.
“We are very pleased with these wins for our solar business,” said Paul van der Wansem, chairman and CEO of BTU International. “Over the past two years BTU has made significant investments in the development of new solar products, and we are encouraged by these orders.”
BTU offers solar processing equipment for both silicon and thin film photovoltaics. For silicon photovoltaic applications BTU’s systems are used for metallization and in-line diffusion processes. In thin film photovoltaics, BTU’s equipment is used for both the CIGS and the CdTe processes.
02.03.2010 22:31
BTU International Reports Fourth Quarter and Fiscal Year 2009 Results
BTU International, Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets, today announced its financial results for the fourth quarter and fiscal year ended on December 31, 2009.
Fourth quarter net sales were $12.1 million, down 2.4 percent compared to $12.4 million in the preceding quarter, and down 17.7 percent compared to $14.7 million for the same quarter a year ago. Net loss for the fourth quarter of 2009 was $3.9 million, or a loss of $0.42 per diluted share, compared to a net loss of $2.6 million, or a loss of $0.29 per diluted share, in the preceding quarter, and compared to a net loss of $2.2 million, or a loss of $0.23 per diluted share, in the fourth quarter of 2008.
Net sales for the year were $45.1 million, down 37.6 percent compared to $72.3 million for the year 2008. Net loss for 2009 was $14.6 million, or a loss of $1.58 per diluted share, compared to a net loss of $1.1 million, or a loss of $0.12 per diluted share, for the year 2008.
Comments
Commenting on the company's performance, Paul J. van der Wansem, BTU chairman and CEO, said, "Net sales of $12.1 million for the fourth quarter and $45.1 million for the year, were in line with our recent expectations. During 2009, we saw our electronics business decline by over fifty percent compared to 2008 and our solar business did not grow as compared to the prior year. Macroeconomic issues initiated a global downturn across the markets we serve. In the latter part of the year, we began to see a recovery in consumer spending, especially in China, which prompted a growth in our electronics assembly business. Similarly some selected investments started to take place in the solar industry, which resulted in an increase in our solar bookings in the fourth quarter.
"Our alternative energy business during the fourth quarter was mixed with an increase in solar bookings, but a small decline in solar revenues. Our nuclear business was up for the quarter.
"Our fourth quarter results were impacted by reserves and write offs for slow moving inventory in the amount of $1.2 million. These reserves and write offs were due to low levels of business, primarily for electronics. Cash flow for the year, although down by $2.1 million, was nevertheless well within budget due to strong working capital management. At year end, the cash balance was $25.4 million.
Outlook
"Although our forward looking visibility remains limited, near term, we expect strengthening in both our electronics and alternative energy businesses. Although our standard practice is not to provide specific forward-looking guidance, we are already nearing the end of the first quarter, so we will make an exception to advise that our expectation for the first quarter of 2010 is for net sales in the range of $15.5 to $16.5 million. This guidance incorporates the additional orders announced on December 8, 2009.
"Our clear strategic focus on growing our alternative energy business, including investing in the development of several new products for the solar industry, positions us to benefit from the expected growth of this business," concluded van der Wansem.
Teleconference and Simultaneous Webcast
BTU will be discussing its financial results, along with its outlook for the first quarter of 2010, in a conference call to be held today, March 2, at 5:00 p.m. Eastern Time. The dial-in number to participate in the conference call is (877) 419-6603. A webcast of the conference call will be available on BTU's website at www.btu.com. Replays of the call will be available through March 15, 2010, and can be accessed at this website or by phone at (888) 203-1112, pass code: 2121948.
BTU International Reports Fourth Quarter and Fiscal Year 2009 Results
BTU International, Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets, today announced its financial results for the fourth quarter and fiscal year ended on December 31, 2009.
Fourth quarter net sales were $12.1 million, down 2.4 percent compared to $12.4 million in the preceding quarter, and down 17.7 percent compared to $14.7 million for the same quarter a year ago. Net loss for the fourth quarter of 2009 was $3.9 million, or a loss of $0.42 per diluted share, compared to a net loss of $2.6 million, or a loss of $0.29 per diluted share, in the preceding quarter, and compared to a net loss of $2.2 million, or a loss of $0.23 per diluted share, in the fourth quarter of 2008.
Net sales for the year were $45.1 million, down 37.6 percent compared to $72.3 million for the year 2008. Net loss for 2009 was $14.6 million, or a loss of $1.58 per diluted share, compared to a net loss of $1.1 million, or a loss of $0.12 per diluted share, for the year 2008.
Comments
Commenting on the company's performance, Paul J. van der Wansem, BTU chairman and CEO, said, "Net sales of $12.1 million for the fourth quarter and $45.1 million for the year, were in line with our recent expectations. During 2009, we saw our electronics business decline by over fifty percent compared to 2008 and our solar business did not grow as compared to the prior year. Macroeconomic issues initiated a global downturn across the markets we serve. In the latter part of the year, we began to see a recovery in consumer spending, especially in China, which prompted a growth in our electronics assembly business. Similarly some selected investments started to take place in the solar industry, which resulted in an increase in our solar bookings in the fourth quarter.
"Our alternative energy business during the fourth quarter was mixed with an increase in solar bookings, but a small decline in solar revenues. Our nuclear business was up for the quarter.
"Our fourth quarter results were impacted by reserves and write offs for slow moving inventory in the amount of $1.2 million. These reserves and write offs were due to low levels of business, primarily for electronics. Cash flow for the year, although down by $2.1 million, was nevertheless well within budget due to strong working capital management. At year end, the cash balance was $25.4 million.
Outlook
"Although our forward looking visibility remains limited, near term, we expect strengthening in both our electronics and alternative energy businesses. Although our standard practice is not to provide specific forward-looking guidance, we are already nearing the end of the first quarter, so we will make an exception to advise that our expectation for the first quarter of 2010 is for net sales in the range of $15.5 to $16.5 million. This guidance incorporates the additional orders announced on December 8, 2009.
"Our clear strategic focus on growing our alternative energy business, including investing in the development of several new products for the solar industry, positions us to benefit from the expected growth of this business," concluded van der Wansem.
Teleconference and Simultaneous Webcast
BTU will be discussing its financial results, along with its outlook for the first quarter of 2010, in a conference call to be held today, March 2, at 5:00 p.m. Eastern Time. The dial-in number to participate in the conference call is (877) 419-6603. A webcast of the conference call will be available on BTU's website at www.btu.com. Replays of the call will be available through March 15, 2010, and can be accessed at this website or by phone at (888) 203-1112, pass code: 2121948.
04.05.2010 14:08
BTU International Reports First Quarter 2010 Results
BTU International, Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets, today announced its financial results for the first quarter ended on April 4, 2010.
First quarter net sales were $17.2 million, up 42.5 percent compared to $12.1 million in the preceding quarter, and up 75.3 percent compared to $9.8 million for the same quarter a year ago. Net loss for the first quarter of 2010 was $ 0.3 million, or a loss of $0.03 per diluted share, compared to a net loss of $3.9 million, or a loss of $0.42 per diluted share, in the preceding quarter, and compared to a net loss of $4.6 million, or a loss of $0.49 per diluted share, in the first quarter of 2009.
Comments
Commenting on the company's performance, Paul J. van der Wansem, BTU chairman and CEO, said, "Net sales of $17.2 million for the first quarter exceeded our guidance and reflected a strengthening of our electronics business with a solid contribution from our alternative energy business. Although we continue to have active discussions with key solar customers regarding future orders, several of these projects have seen delays. First quarter operating results approached break-even with a small loss on an after tax basis.
Outlook
"Although our forward looking visibility remains limited, we expect our second quarter revenues to be essentially flat compared to the first quarter with continued strong bookings in our electronics business. We are experiencing increased quoting activity in our alternative energy business, especially solar, and expect additional growth in our solar business later this year. Based on an expected greater mix of electronics business in the second quarter, we expect that our overall margins will be lower as compared to the first quarter," concluded van der Wansem.
BTU International Reports First Quarter 2010 Results
BTU International, Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets, today announced its financial results for the first quarter ended on April 4, 2010.
First quarter net sales were $17.2 million, up 42.5 percent compared to $12.1 million in the preceding quarter, and up 75.3 percent compared to $9.8 million for the same quarter a year ago. Net loss for the first quarter of 2010 was $ 0.3 million, or a loss of $0.03 per diluted share, compared to a net loss of $3.9 million, or a loss of $0.42 per diluted share, in the preceding quarter, and compared to a net loss of $4.6 million, or a loss of $0.49 per diluted share, in the first quarter of 2009.
Comments
Commenting on the company's performance, Paul J. van der Wansem, BTU chairman and CEO, said, "Net sales of $17.2 million for the first quarter exceeded our guidance and reflected a strengthening of our electronics business with a solid contribution from our alternative energy business. Although we continue to have active discussions with key solar customers regarding future orders, several of these projects have seen delays. First quarter operating results approached break-even with a small loss on an after tax basis.
Outlook
"Although our forward looking visibility remains limited, we expect our second quarter revenues to be essentially flat compared to the first quarter with continued strong bookings in our electronics business. We are experiencing increased quoting activity in our alternative energy business, especially solar, and expect additional growth in our solar business later this year. Based on an expected greater mix of electronics business in the second quarter, we expect that our overall margins will be lower as compared to the first quarter," concluded van der Wansem.
30.06.2010 15:17
BTU International Receives $16 Million Order for In-Line Diffusion Equipment
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets, today announced that it received a $16 million order for solar cell processing equipment. Revenue recognition for this order is projected to start in the fourth quarter of 2010 and continue through the first half of 2011.
"We are very pleased with this breakthrough win for in-line silicon cell manufacturing," said Paul van der Wansem, chairman and CEO of BTU International. "Our vision—shared by certain key customers —of using in-line thermal processing for the diffusion step in the production of silicon solar cells, has now been validated after several years of development. In particular, BTU's knowhow in precision temperature uniformity and atmosphere control for high volume processing has been a major enabler to achieving the process and cost goals set by our customer. In-line diffusion can significantly reduce the cost per watt while delivering equivalent cell efficiency compared to traditional batch equipment."
BTU offers solar processing equipment for both silicon and thin film photovoltaics. For silicon photovoltaic applications BTU's systems are used for metallization and in-line diffusion processes. For thin film photovoltaics, BTU leverages its technologies and decades of experience to provide scalable, custom, in-line thermal process systems for rigid as well as flexible substrates.
BTU International Receives $16 Million Order for In-Line Diffusion Equipment
BTU International (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets, today announced that it received a $16 million order for solar cell processing equipment. Revenue recognition for this order is projected to start in the fourth quarter of 2010 and continue through the first half of 2011.
"We are very pleased with this breakthrough win for in-line silicon cell manufacturing," said Paul van der Wansem, chairman and CEO of BTU International. "Our vision—shared by certain key customers —of using in-line thermal processing for the diffusion step in the production of silicon solar cells, has now been validated after several years of development. In particular, BTU's knowhow in precision temperature uniformity and atmosphere control for high volume processing has been a major enabler to achieving the process and cost goals set by our customer. In-line diffusion can significantly reduce the cost per watt while delivering equivalent cell efficiency compared to traditional batch equipment."
BTU offers solar processing equipment for both silicon and thin film photovoltaics. For silicon photovoltaic applications BTU's systems are used for metallization and in-line diffusion processes. For thin film photovoltaics, BTU leverages its technologies and decades of experience to provide scalable, custom, in-line thermal process systems for rigid as well as flexible substrates.
Order Focus: BTU accepts order for Tritan systems
25 August 2010 | By Syanne Olson | News > Cell Processing
BTU International will be supplying an unnamed customer in Asia with several Tritan metallization firing systems. The units are scheduled for shipment during the second half of this year. “These dual-lane Tritan systems will greatly enhance our customers’ productivity, allowing them to lower their cost per watt,” said Jan-Paul van Maaren, vice president of marketing at BTU.
25 August 2010 | By Syanne Olson | News > Cell Processing
BTU International will be supplying an unnamed customer in Asia with several Tritan metallization firing systems. The units are scheduled for shipment during the second half of this year. “These dual-lane Tritan systems will greatly enhance our customers’ productivity, allowing them to lower their cost per watt,” said Jan-Paul van Maaren, vice president of marketing at BTU.
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