Aetrium Reports Orders for Multiple Units of VMAX IC Handlers
ST. PAUL, Minn., Nov. 21, 2013 (GLOBE NEWSWIRE) -- Aetrium Incorporated
(Nasdaq:ATRM) announced today recent bookings of multiple units of its V[MAX]
IC test handlers. Daniel Koch, the recently appointed CEO of Aetrium,
Incorporated today said, "We are all very pleased with the recent orders for
our newest product offering, the V[MAX] IC test handler. It is especially
pleasing to see both new customers and long term customers in our current
backlog. All of these new orders are being driven by increased capacity needs
and they are quite diverse in their end applications. The semiconductor
industry continues to show signs of slow and deliberate recovery."
The orders were placed with Aetrium over the last few weeks. Multiple V[MAX]
test handlers were purchased by a long term Aetrium customer for their
proprietary MEMS semiconductor devices. This is the first application of the
V[MAX] handler by this particular customer who had traditionally used older
generation Model V8 test handlers from Aetrium. It is expected that the V[MAX]
test handler will provide more productivity and a lower cost of test than the
older generation V8 model.
A second customer that is a new customer to Aetrium has also purchased
multiple units of the V[MAX] test handler for application with their
proprietary products. This customer also purchased a media transfer system to
accommodate their internal product packaging needs. The V[MAX] was chosen
over competitive companies and products due to Aetrium's strong reputation for
customer support and for the V[MAX]'s productivity and reliability
Two additional customers, who have been long term customers of Aetrium,
purchased V[MAX] test handling capacity for specific lines of semiconductors
focused on the automotive industry. The automotive industry demands a wide
range of temperature testing capability, which the V[MAX] offers with its
unique and very cost effective mechanical refrigeration system.
The orders in total amounted to nearly $2.1M. The V[MAX] handlers and all the
equipment associated with these orders are expected to be shipped to the
customers by the end of the first quarter of 2014.
Certain matters in this news release are forward-looking statements which are
subject to risks and uncertainties that could cause actual results to differ
materially from those projected. Such risks and uncertainties include, but are
not limited to, adverse domestic or global economic conditions, slowing growth
in the demand for semiconductor devices, the volatility and cyclicality of the
microelectronics industry, changes in the rates of capital expenditures by
semiconductor manufacturers, progress of product development programs,
unanticipated costs associated with the integration or restructuring of
operations, and other risk factors set forth in the Company's SEC filings,
including its Form 10-K for the year ended December 31, 2012 and its Form 10-Q
for the quarter ended September 30, 2013.
Aetrium, based in North St. Paul, Minnesota, is a supplier of handling
equipment used by the worldwide semiconductor industry to test ICs. The
company's products are used by customers to improve efficiency, provide
thermal environments for devices during test, as well as MEMS test
environments.Aetrium's common stock is publicly traded on the Nasdaq market
under the symbol ATRM. More information about Aetrium is available on the
internet at www.Aetrium.com.
CONTACT: Paul Askegaard
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