Amtech Announces the Sale of its SoLayTec Solar Business
Amtech Systems, Inc. (ASYS)
Last amtech systems, inc. earnings: 2/6 04:10 pm
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Source: PR Newswire
TEMPE, Ariz., June 28, 2019 /PRNewswire/ -- Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer handling automation, and related consumables used in fabricating semiconductor devices, light-emitting diodes (LEDs), silicon carbide (SiC) and silicon power chips and solar cells, announced today the sale of its SoLayTec business as the first step in the previously announced plan to divest substantially all of its solar segment. Amtech expects to report a gain on the sale this quarter and reduced losses from discontinued operations beginning in the fourth fiscal quarter.Mr. J.S. Whang, Executive Chairman and Chief Executive Officer of Amtech, stated "we are pleased with the timely divestiture of SoLayTec. Following Amtech's March announcement to discontinue solar and to dedicate our resources to value-driving opportunities in our semiconductor and SiC/LED polishing businesses going forward, we engaged Oaklins SmallCap Adivsory
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ASYS
Earnings
- 2/9/24 - Beat
ASYS
Sec Filings
- 3/18/24 - Form 4
- 3/13/24 - Form 4
- 3/8/24 - Form 4
- ASYS's page on the SEC website