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BTU International has posted 3Q08 sales of $20.6 million, up 25 percent compared to $16.5 million for the same quarter a year ago and up compared to $20.4 million in the preceding quarter. With the downturn in the semiconductor industry, BTU is anticipating a slowdown in sales through the first half of 2009. However, the company expects equipment sales to the photovoltaics industry to grow and become a significant percentage of its sales mix in the future.
“The driving forces for a cleaner environment coupled with the need for an increase in energy generation worldwide are expected to result in expansion by most of our customers in the alternative energy markets,” commented Paul J. van der Wansem, BTU chairman and CEO. “Our new product developments are ongoing and we are on target to make alternative energy a significant, if not the major, part of our equipment business in the near future.”
