Apr 12 2010
SPP Process Technology Systems Ltd. (SPTS), a subsidiary of Sumitomo Precision Products Co., Ltd. (SPP), today announced shipments of $40 million during the first quarter of 2010 (ending 31 March).
SPTS was formed in October 2009 to merge Surface Technology Systems plc (STS) and assets acquired from Aviza Technology, Inc., including the single wafer process equipment subsidiary Aviza Technology Ltd. (ATL) and the Scotts Valley based thermal products business.
Q1 shipments included a broad range of etch, CVD, and PVD single wafer tools, as well as new and refurbished furnaces and thermal product upgrades. In addition to strength in their traditional MEMS and image sensor markets, the TSV and compound semiconductor markets exhibited rapid growth, particularly in light emitting diode (LED) applications. Of particular note was a resurgence of activity in STS brand products, accounting for a significant portion of the Q1 shipments.
"We see continuing strong customer interest in all product lines, with our system book to bill ratio in excess of 1.3:1 during the first quarter," remarked William Johnson, President and CEO of SPTS. "In addition, as we complete the integration of our UK Division and relocate the Thermal Products Division to a new facility in San Jose during the second quarter, we expect to see significant improvement in gross margin and operating expense efficiency as we enter the second half of the year."
Source: http://www.spp-pts.com/