SPTS announces shipments of $40 million in Q1 of 2010
SPP Process Technology Systems (SPTS) supplies a broad range of CVD, etching, deposition and thermal processing equipment to semiconductor device manufacturers and research institutions, globally.
SPTS was formed in October 2009 in the merger of Surface Technology Systems (STS) and assets acquired from Aviza Technology. A subsidiary of Sumitomo Precision Products (SPP), SPTS today revealed shipments of $40 million during the first quarter of 2010 (ending 31 March).
Apart from the traditional MEMS and image sensor markets, a large proportion of the shipments were STS branded products to the compound semiconductor industry. Light emitting diode (LED) applications accounted for a significant part of the sales.
"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," said 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."
