$AEHR $3.00 volume surge. February 8, 2017 11:
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Posted On: 02/08/2017 11:22:14 PM
$AEHR $3.00 volume surge.
February 8, 2017 11:19 AM EST
Price: $3.00 +35.75%
Overall Analyst Rating:
BUY (Up Up)
EPS Growth %: -200.0%
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Aehr Test Systems (NASDAQ: AEHR) surged higher mid-day (+40%) after announced that it has received an order from a subcontractor to its lead customer for its FOX-XP test and burn-in system products as the first step towards a high-volume production application.
As Aehr Test has disclosed previously, this lead customer and its subcontractors have indicated that they anticipate the need for a significant number of production burn-in/test systems to meet their device volume shipments in the upcoming summer of 2017. Aehr Test has taken several steps to shorten lead times and ensure it has the capacity to meet their range of capacity needs and forecasts.
Gayn Erickson, President and CEO of Aehr Test Systems, commented, “We remain very actively engaged with this lead customer and are excited to receive this order to support the quality and reliability testing of their devices. We believe our high power and high capacity FOX-XP test and burn-in system is a perfect fit for this application and represents a significant new opportunity as the customer’s devices move into high volume manufacturing burn-in.
“We recently had a very successful showcasing of our solutions for both wafer level and module level burn-in and test of optical devices at the SPIE Photonics West conference, and we believe the sensor and photonics markets will be significant for Aehr Test. A key driver is the growing market for integrated optical devices in mobile devices, high-performance servers and data centers, where the use of optical devices for sensing and communications is increasing with every new product generation.
“Another key market is the rapidly growing automotive market for sensors and advanced driver assistance systems (ADAS), which have substantially higher requirements for initial quality and long-term reliability.
“These are extremely exciting fields that we believe are going to drive an entirely new level of quality and reliability expectation of hardware systems and pose a very interesting long-term opportunity for Aehr Test.”
February 8, 2017 11:19 AM EST
Price: $3.00 +35.75%
Overall Analyst Rating:
BUY (Up Up)
EPS Growth %: -200.0%
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Aehr Test Systems (NASDAQ: AEHR) surged higher mid-day (+40%) after announced that it has received an order from a subcontractor to its lead customer for its FOX-XP test and burn-in system products as the first step towards a high-volume production application.
As Aehr Test has disclosed previously, this lead customer and its subcontractors have indicated that they anticipate the need for a significant number of production burn-in/test systems to meet their device volume shipments in the upcoming summer of 2017. Aehr Test has taken several steps to shorten lead times and ensure it has the capacity to meet their range of capacity needs and forecasts.
Gayn Erickson, President and CEO of Aehr Test Systems, commented, “We remain very actively engaged with this lead customer and are excited to receive this order to support the quality and reliability testing of their devices. We believe our high power and high capacity FOX-XP test and burn-in system is a perfect fit for this application and represents a significant new opportunity as the customer’s devices move into high volume manufacturing burn-in.
“We recently had a very successful showcasing of our solutions for both wafer level and module level burn-in and test of optical devices at the SPIE Photonics West conference, and we believe the sensor and photonics markets will be significant for Aehr Test. A key driver is the growing market for integrated optical devices in mobile devices, high-performance servers and data centers, where the use of optical devices for sensing and communications is increasing with every new product generation.
“Another key market is the rapidly growing automotive market for sensors and advanced driver assistance systems (ADAS), which have substantially higher requirements for initial quality and long-term reliability.
“These are extremely exciting fields that we believe are going to drive an entirely new level of quality and reliability expectation of hardware systems and pose a very interesting long-term opportunity for Aehr Test.”
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