Pending
BTU International Receives Additional Volume Orders for Meridian In-Line Diffusion Furnaces
BTU International, Inc. announced the receipt of two new orders for Meridian in-line diffusion furnaces. The orders, valued in excess of $18 million , were received from a new and an existing customer based in Asia . In both cases, the systems will be used for capacity expansions. Including these orders, cumulative shipments of BTU in-line diffusion tools will exceed two gigawatts.
We recognize that when the solar industry is ramping at a rapid pace, it is a difficult time for customers to change their manufacturing process, said Paul van der Wansem, chairman and CEO of BTU. However, with strong pressure to lower cost per watt, in-line, diffusion makes a strong case by offering state of the art cell efficiencies for existing and advanced cell processing, coupled with a lower cost of ownership.
As we implement our alternative energy growth strategy, we are pleased that our products are increasingly chosen by customers who are incorporating competitive solutions that meet or exceed benchmark process results.
Shipments of these systems will commence this quarter and are scheduled for completion in the third quarter of 2011.
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