Axcelis Announces Successful Closure Of 'Purion H' Evaluation And Follow On Orders For Purion Products From Multiple Memory Chipmakers

BEVERLY, Mass., July 11, 2017 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of innovative, high-productivity solutions for the semiconductor industry, announced today that it has received multiple follow on orders for Purion H™ high current and Purion XE™ high energy systems from several leading memory chip manufacturers. In addition, the Company successfully completed an evaluation for the Purion H high current implanter and received initial follow on orders. These systems will support high volume production of DRAM, 3D NAND and nonvolatile memory devices. Several of these systems shipped in the second quarter and the rest are scheduled to ship over the remainder of the year.

Executive Vice President, Customer Operations John Aldeborgh commented, "We're very pleased to announce these new wins for the Purion platform. They provide additional evidence of continued Purion strength in the memory market. This market is very strong, with the DRAM segment robust and NAND at the beginning of a long term build cycle driven by growth in cloud computing."

President and CEO Mary Puma commented, "Strong adoption of all three Purion products has been the key driver of our growth this year. We currently expect second half revenues to be similar to the first half, resulting in total 2017 revenues of between $360 million and $380 million. 2017 market share is expected to be between 25 and 28 percent. We are also reiterating our second quarter 2017 revenue guidance of approximately $100 million and expect earnings per share to be at the high end of the range of $0.30-0.35."

Second Quarter 2017 Conference Call
The Company will host a conference call to discuss the Company's results for the second quarter 2017 on Thursday, August 3, 2017 at 5:00 pm ET. The call will be available to interested listeners via an audio webcast on the Investors page of Axcelis' website at www.axcelis.com, or by dialing 866.588.8911 (707.294.1561 outside North America). Participants calling into the conference call will be requested to provide the company name, Axcelis Technologies, and pass code: 44383784. Webcast replays will be available for 30 days following the call.

Safe Harbor Statement
This press release and the conference call contain forward-looking statements under the SEC safe harbor provisions. These statements, which include our expectations for increased spending in our industry and guidance for future financial performance, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties, many of which are outside the control of the Company, including the timing of orders and shipments, the conversion of orders to revenue in any particular quarter, or at all, the continuing demand for semiconductor equipment, relative market growth, continuity of business relationships with and purchases by major customers, competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and global economic, political and financial conditions. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.

About Axcelis:
Axcelis (NASDAQ: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 35 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:
Maureen Hart (editorial/media) 978.787.4266
Doug Lawson (investor relations) 978.787.9552

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SOURCE Axcelis Technologies, Inc.