Benzinga | Jun 29, 2021 11:04AM EDT

Aehr Bags $1.4M Order For WaferPak Contactors Meant For EV Power Modules

* Semiconductor equipment supplier Aehr Test Systems (NASDAQ:AEHR) won orders worth $1.4 million for WaferPak Contactors from its lead silicon carbide customer for production test and burn-in of the customer's line of silicon carbide devices.

* The orders include additional WaferPaks to meet the production capacity of previously designed and qualified WaferPaks and another new silicon carbide design win.

* These orders accompany the June 1 order for an additional FOX-XP production test system and reflect their increased high volume production capacity needs.

* This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market.

* The order was to ensure the highest device quality for high volume production burn-in and infant mortality screening of silicon carbide devices at wafer level for electric vehicle power modules.

* Price action: AEHR shares traded higher by 2.30% at $2.72 in the market session on the last check Tuesday.