GT Solar Receives $81.7 Million in New Orders for Polysilicon Production Equipment and Technology
05 Juillet 2011 - 6:48PM
Business Wire
GT Solar International, Inc. (NASDAQ: SOLR), a global provider
of polysilicon production technology, and sapphire and silicon
crystalline growth systems and materials for the solar, LED and
other specialty markets, today announced that it has received
orders from two new customers in Asia for polysilicon production
equipment totaling $81.7 million. The recent orders include GT’s
hydrochlorination equipment used for the production of TCS as well
as other polysilicon production equipment. The orders will be
included in GT Solar’s backlog for its first quarter of FY12, which
ended on July 2, 2011.
“We are pleased to add two new customers to our growing family
of polysilicon producers,” said Dave Keck, vice president and
general manager of GT Solar’s polysilicon technology business unit.
“As polysilicon prices continue to fall, producers must operate
their plants at the highest levels of productivity and efficiency
to remain profitable. Our polysilicon production equipment and
technology enables customers to produce high purity silicon at one
of the lowest costs in the industry.”
GT’s polysilicon production equipment includes the industry’s
most productive and energy efficient CVD reactors and a full range
of technology including hydrochlorination, filament and product
processing equipment to provide a complete, low-cost end-to-end
production solution.
About GT Solar International, Inc.
GT Solar International, Inc. is a global provider of polysilicon
production technology, and sapphire and silicon crystalline growth
systems and materials for the solar, LED and other specialty
markets. The company's products and services allow its customers to
optimize their manufacturing environments and lower their cost of
ownership. GT Solar will be changing its name to GT Advanced
Technologies as it establishes a new global brand. The new name
reflects the broader range of markets and technologies the company
now addresses since its acquisition of Crystal Systems in July of
2010. The transition to GT Advanced Technologies is expected to be
completed in August 2011. For additional information about GT
Solar, please visit www.gtsolar.com.
Forward-Looking Statements
Some of the statements in this press release are forward-looking
in nature, including statements regarding expected revenue from
customer contracts. These statements are based on management’s
current expectations or beliefs. These forward-looking statements
are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside the
Company’s control, which could cause actual events to differ
materially from those expressed or implied by the statements.
Factors that may cause actual events to differ materially from
those expressed or implied by our forward-looking statements
include the possibility that the Company is unable to recognize
revenue on customer contracts, that technological changes could
render existing products or technologies obsolete, the Company may
be unable to protect its intellectual property rights, competition
from other manufacturers may increase, exchange rate fluctuations
and conditions in the credit markets and economy may reduce demand
for the Company’s products and various other risks as outlined in
GT Solar International, Inc.’s filings with the Securities and
Exchange Commission, including the statements under the heading
“Risk Factors” in the Company’s annual report on Form 10-K for
fiscal 2011 filed on May 26, 2011. GT Solar International, Inc. is
under no obligation to, and expressly disclaims any such obligation
to, update or alter its forward-looking statements, whether as a
result of new information, future events, or otherwise.
GT Solar International, Inc. (MM) (NASDAQ:SOLR)
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