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Amtech Systems Expands Leadership Team, Hires Vice President of Operations
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS) has appointed Louis M. Golato as the new Vice President of Operations, focusing on scaling operations in high-growth markets like Silicon Carbide. Golato brings over 30 years of experience in manufacturing and operations from his previous roles at VionX Energy and Stion Corporation. CEO Michael Whang emphasized that Golato's expertise will help lower customer lead-times and product costs, enhancing operational efficiency as demand surges in the semiconductor sector.
Positive
Appointment of Louis M. Golato brings over 30 years of industry experience.
Focus on scaling operations to meet high demand in Silicon Carbide markets.
Expected reduction in customer lead-times and product costs.
Negative
None.
TEMPE, Ariz.--(BUSINESS WIRE)--
Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs), announced today the hiring of Louis M. Golato as Vice President of Operations.
Louis M. Golato, Vice President of Operations (Photo: Business Wire)
“Louis’ experience in scaling global operations will be a key success factor as Amtech scales our operations to address high-growth markets such as Silicon Carbide, where megatrends are driving historic levels of demand,” said Michael Whang, Chief Executive Officer of Amtech Systems. “Louis has hit the ground running, taking on several strategic projects to optimize capacity across multiple Amtech operations, which are expected to lower customer lead-times and product costs for both consumables and systems,” added Mr. Whang.
Mr. Golato has over thirty years’ experience in manufacturing and operations in the fields of alternative energy and semiconductor manufacturing. Prior to joining Amtech Group, Mr. Golato was Vice President of Manufacturing and Operations at VionX Energy where he oversaw manufacturing, supply chain management and field installation for long duration grid batteries. Prior to this, Mr. Golato was Vice President of Manufacturing at Stion Corporation and Vice President of Manufacturing at A123 Systems where he was responsible for the launching of multiple lithium-ion battery plants across the globe. Louis began his career in semiconductors working for companies like Texas Instruments and Digital Equipment Corporation in the microelectronics division manufacturing Alpha chips.
About Amtech Systems, Inc.
Amtech Systems, Inc. is a leading, global manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs). We sell these products to semiconductor device and module manufacturers worldwide, particularly in Asia, North America and Europe. Our strategic focus is on semiconductor growth opportunities in power electronics, sensors and analog devices leveraging our strength in our core competencies in thermal and substrate processing. We are a market leader in the high-end power chip market (SiC substrates, 300mm horizontal thermal reactor, and electronic assemblies used in power, RF, and other advanced applications), developing and supplying essential equipment and consumables used in the semiconductor industry. Amtech's products are recognized under the leading brand names BTU International, Bruce Technologies™, PR Hoffman™ and Intersurface Dynamics, Inc.
Certain information contained in this press release is forward-looking in nature. All statements in this press release, or made by management of Amtech Systems, Inc. and its subsidiaries ("Amtech"), other than statements of historical fact, are hereby identified as "forward-looking statements" (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995). The forward-looking statements in this press release relate only to events or information as of the date on which the statements are made in this press release. Examples of forward-looking statements include statements regarding Amtech's future financial results, operating results, business strategies, projected costs, products under development, competitive positions, plans and objectives of Amtech and its management for future operations, efforts to improve operational efficiencies and effectiveness and profitably grow our revenue, and enhancements to our technologies and expansion of our product portfolio. In some cases, forward-looking statements can be identified by terminology such as "may," "plan," "anticipate," "seek," "will," "expect," "intend," "estimate," "believe," "continue," "predict," "potential," "project," "should," "would," "could", "likely," "future," "target," "forecast," "goal," "observe," and "strategy" or the negative of these terms or other comparable terminology used in this press release or by our management, which are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. The Form 10-K that Amtech filed with the Securities and Exchange Commission (the "SEC") for the year-ended September 30, 2021, listed various important factors that could affect the Company's future operating results and financial condition and could cause actual results to differ materially from historical results and expectations based on forward-looking statements made in this document or elsewhere by Amtech or on its behalf. These factors can be found under the heading "Risk Factors" in the Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Qs, and investors should refer to them. Because it is not possible to predict or identify all such factors, any such list cannot be considered a complete set of all potential risks or uncertainties. Except as required by law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events, or otherwise.
What is the significance of Louis M. Golato's appointment at Amtech Systems?
Louis M. Golato's appointment as Vice President of Operations is significant due to his extensive experience in manufacturing, which is expected to enhance Amtech's operational efficiency and scalability in high-growth markets.
What markets are Amtech Systems focusing on with the new leadership?
Amtech Systems is focusing on high-growth markets such as Silicon Carbide, driven by increasing demand in the semiconductor industry.
How will Louis M. Golato improve operations at Amtech Systems?
Louis M. Golato aims to optimize capacity across multiple Amtech operations, which is anticipated to lower customer lead-times and reduce product costs.
