|Acquisition Strengthens BTU's Industry-Leading, Fully-Integrated Solutions for Reflow Processing of Bumped Semiconductor Wafers|
BTU International, Inc. (Nasdaq NM: BTUI), the leading supplier of thermal equipment for semiconductor packaging, surface mount, and advanced materials processing, today announced that it has purchased the assets of Sagarus Robotics Corporation of Tempe, Ariz. Privately owned Sagarus Robotics is a leading provider of advanced, automated systems for the semiconductor packaging, MEMS and sensor markets, including material handling equipment and integrated flux and photoresist spin coaters that incorporate robotic handlers for substrates from 100 to 300 millimeters.
"Sagarus' products are a strategic addition to our product lineup for semiconductor packaging," said Mark Rosenzweig, President and CEO of BTU International. "Our customers have clearly indicated a requirement for fully integrated, single-vendor solutions for their wafer-bump reflow process, including both the flux coating and thermal steps. BTU's market leading reflow systems and advanced thermal bumping technology combined with Sagarus' innovative processing tools represent a world-class package of process automation, process control and automated wafer handling.
"BTU will continue to leverage its financial strength for further product expansion, as the opportunities present themselves in this down market," concluded Mr. Rosenzweig.
Steve McKinley, President of Sagarus Robotics, said, "Sagarus is pleased to be joining forces with BTU to address the exciting wafer bump and handling market. Our technology is an excellent fit with BTU's, providing our customers with a fully automated, integrated process tools. For Sagarus, it provides the infrastructure to continue to develop and expand our product line, to take advantage of our global market opportunities and provide our customer base with increased service and support based on the extensive global support structure that BTU already has in place. We are excited about being part of the BTU organization."
About BTU International
BTU International, with world headquarters in North Billerica, MA, USA, is a major supplier of thermal processing equipment to the electronics, materials and semiconductor sectors. BTU manufactures a wide range of equipment for semiconductor packaging applications, including state-of-the-art wafer bumping, solder reflow for printed circuit board assembly, where the company is the market leader, and in materials processing applications requiring high temperatures and precise atmosphere control. BTU operates worldwide with direct sales and service offices in the USA, Asia (China, Singapore, Malaysia and the Philippines), and in Europe (England and France). Information about BTU International is available on BTU's World Wide Web site at www.btu.com.
About Sagarus Robotics
Sagarus Robotics is a leading provider of flux dispensing and process automation for wafer and substrate processing in the semiconductor, automotive and defense industries. Sagarus has a worldwide customer install base including global leaders in the semiconductor industry. Information about Sagarus Robotics is available on the Internet at www.sagarus.com.
Safe Harbor Statement
This news release includes forward-looking statements that involve known and unknown risks and uncertainties, including quarterly fluctuations in results. Such statements are made pursuant to the "safe harbor" provisions established by the federal securities laws, and are based on the assumptions and expectations of the company's management at the time such statements are made. Important factors that could cause actual results to differ include difficulties associated with integrating new product lines or new businesses, undiscovered liabilities associated with newly-acquired businesses, the timely availability and acceptance of new products, general market conditions governing supply and demand, the impact of competitive products and pricing and other risks detailed in the company's filings with the Securities and Exchange Commission. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. Unless otherwise required by law, the company disclaims any obligation to revise or update such forward-looking statements in order to reflect future events or developments.