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ACM Research Announces Preliminary 2019 Revenue and Initial Outlook for 2020 Revenue
—Preliminary 2019 Revenue of
—Projected 2020 Revenue of
—ACM to Present at Needham Growth Conference This Week—
ACM also announced that it expects revenue for the full year 2020 to be in the range of
“We expect another year of strong growth in 2020, as we execute on our mission to become a major supplier of equipment to the global semiconductor industry,” said Dr.
ACM plans to release its fourth quarter and full year 2019 financial results in early
As previously announced, ACM will be meeting with investors on
Forward-Looking Statements
Information presented in this press release includes forward-looking for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements in the first paragraph with respect to preliminary 2019 revenue, statements in the second paragraph with respect to projected 2020 revenue and all of the statements in the third paragraph. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. Those risks and uncertainties include, but are not limited to, the following: anticipated customer orders or identified market opportunities may not grow or develop as anticipated; customer orders already received may be postponed or canceled; suppliers may not be able to meet ACM’s demands on a timely basis; volatile global economic, market, industry, regulatory and other conditions could result in sharply lower demand for products containing semiconductors and for ACM's products and in disruption of capital and credit markets; ACM’s failure to successfully manage its operations; and trade regulations, currency fluctuations, political instability and war may materially adversely affect ACM due to its substantial non-U.S. customer and supplier base and its substantial non-U.S. manufacturing operations. A further description of these risks, uncertainties and other matters can be found in filings ACM makes with the
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Source: ACM Research (Shanghai), Inc.