BEVERLY, Mass., Jan. 16, 2018 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of innovative, high-productivity solutions for the semiconductor industry, announced today that it has received new orders for the full Purion product family from several leading chip manufacturers worldwide. These systems will support capacity additions for 3D NAND, DRAM image sensors, power devices, and mature devices. It also includes the first Purion orders for 3D NAND from a domestic China customer. Revenue for the systems is expected to be recognized in the first and second quarters of 2018.
President and CEO Mary Puma said, "We're very pleased to announce these new wins for the Purion platform, supporting a strong start to 2018. The market continues to be very robust across all segments, providing many opportunities for follow on orders and new project penetrations.
We are targeting to achieve $450 million in revenue in 2018."
A new version of the Axcelis Investor Presentation has been posted to the Company's website, at http://investor.axcelis.com/phoenix.zhtml?c=121859&p=irol-investorkit.
Fourth Quarter 2017 Conference Call
The Company will host a conference call to discuss the Company's results for the fourth quarter 2017 on Tuesday, February 6, 2018 at 5:00 pm ET. The call will be available to interested listeners via an audio webcast on the Investors page of Axcelis' website at www.axcelis.com, or by dialing 866.588.8911 (707.294.1561 outside North America). Participants calling into the conference call will be requested to provide the company name, Axcelis Technologies, and pass code: 5651308. Webcast replays will be available for 30 days following the call.
Safe Harbor Statement
The Company's statement regarding its revenue target for 2018 should not be read as financial guidance; the Company will continue its practice of providing guidance for the subsequent quarter on the release of quarterly financial results. The Company's expectations on the timing of the recognition of revenue for the orders referenced in this press release is a forward-looking statements under the SEC safe harbor provisions. This statement is based on management's current expectations and should be viewed with caution. It is subject to various risks and uncertainties, many of which are outside the control of the Company, including the timing of shipments, the conversion of orders to revenue in any particular quarter, or at all. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for 40 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.
Maureen Hart (editorial/media) 978.787.4266
Doug Lawson (investor relations) 978.787.9552
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SOURCE Axcelis Technologies, Inc.