GlobeNewswire Inc | Jul 15, 2021 05:00PM EDT

July 15, 2021

FREMONT, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the second quarter 2021 in a press release immediately following the close of market on July 27, 2021.

The company will also host a conference call to discuss these results on July 27, 2021 at 1:30 p.m. PT. The conference call can be accessed at (844) 892-6598 (passcode 4868076). The call will also be simulcast at www.axt.com. Replays will be available at (855) 859-2056 (passcode 4868076) until August 2, 2021. Financial and statistical information to be discussed in the call will be available on the companys website immediately prior to commencement of the call. Additional investor information can be accessed at http://www.axt.com or by calling the companys Investor Relations Department at (510) 438-4700.

About AXT, Inc.

AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The companys substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXTs worldwide headquarters are in Fremont, California where the company maintains sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities inthree separate locations in China. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies in China producing raw materials for its manufacturing process. For more information, see AXTs website at http://www.axt.com.

Contact:

Gary L. FischerChief Financial Officer(510) 438-4700

Leslie GreenGreen Communications Consulting, LLC(650) 312-9060