Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > GT Solar Signs $173 Million Contract With DC Chemical: U.S. Company To Increase Export Of Polysilicon Production Equipment To South Korea

Abstract:
GT Solar Incorporated, a global provider of specialized equipment and technology for the solar power industry, announced that on July 11, 2008, it signed a $173 million contract with DC Chemical Co., Ltd., a leading Korean chemical company. The signing of the contract has previously been disclosed.

GT Solar Signs $173 Million Contract With DC Chemical: U.S. Company To Increase Export Of Polysilicon Production Equipment To South Korea

MERRIMACK, NH | Posted on September 3rd, 2008

Under the terms of the agreement, GT Solar will provide DC Chemical with state-of-the-art polysilicon CVD reactors, which are used to manufacture polysilicon, a key raw material utilized to produce solar cells. This latest agreement marks the third contract between the two companies since GT Solar began offering CVD reactors and related equipment in 2006.

"Higher global energy prices, increased environmental awareness and the desire for energy security are accelerating the adoption of solar power. In addition, governments around the world have implemented various tariffs, tax credits and other incentives designed to encourage the use of solar power," said Tom Zarrella, president and chief executive officer for GT Solar International. "DC Chemical has constructed its first polysilicon plant, has begun manufacturing polysilicon, and recently announced a large-scale expansion. We are proud to be working with this forward-thinking company and pleased to support their expanding operations."

"GT Solar has been a trusted provider of equipment and expertise to DC Chemical since we entered the high-value, high-growth polysilicon business more than two years ago," said Mr. Shin, DC Chemical's vice chairman. "We look forward to utilizing our new reactors to increase our polysilicon production capabilities at our existing facility in Gunsan, South Korea, and to strengthening our relationship with GT Solar."

Polysilicon is a highly purified form of silicon that is used to make both semiconductor wafers for microelectronics applications and solar wafers. The chemical vapor deposition process involved in the production of polysilicon takes place in a specialized CVD reactor using a variety of complex chemical processes.

Details of this contract were publicly disclosed on July 11, 2008, in a filing with the U.S. Securities and Exchange Commission. The agreement contemplates that GT Solar would begin to deliver reactors to DC Chemical in April 2009.

####

About GT Solar Incorporated
GT Solar Incorporated, based in Merrimack, NH (USA), is a wholly owned subsidiary of GT Solar International, Inc. (NASDAQ: SOLR), a global provider of specialized manufacturing equipment and services essential for the production of photovoltaic wafers, cells and modules and polysilicon. GT Solar’s principal products are directional solidification systems and chemical vapor deposition reactors and related equipment.

Forward-Looking Statement

Some of the statements that we make in this press release are forward looking in nature. 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 our control, which could cause actual events to differ materially from those expressed or implied by the statements. These factors may include our inability to manage our expansion effectively, our dependence on a small number of customers and suppliers, our limited number of products, the possibility of product liability claims, our inability to protect our intellectual property rights, increased competition from other manufacturers of equipment for PV products, risks associated with doing business in foreign countries and various other risks as outlined in GT Solar International, Inc.'s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. 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.

For more information, please click here

Contacts:
GT Solar Incorporated
Susan Vaillancourt
603-589-3782

or
Hill & Knowlton
Jessica Anderson
212-885-0492

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

Announcements

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

Energy

New technique helps probe performance of organic solar cell materials January 23rd, 2015

Transparent artificial nacre: A brick wall at the nanoscale January 22nd, 2015

Teijin to Participate in Nano Tech 2015 January 22nd, 2015

The path to artificial photosynthesis: HZB researchers describe efficient manganese catalyst capable of converting light to chemical energy January 21st, 2015

New-Contracts/Sales/Customers

DELMIC reports on applications of their SPARC technology at the Chalmers University of Technology in Gothenburg, Sweden December 16th, 2014

Industrial Nanotech, Inc. Expands Government and Defense Projects December 10th, 2014

Iran Exports Nanodrugs to Syria November 24th, 2014

Tesla NanoCoatings Increasing Use of SouthWest NanoTechnologies Carbon Nanotubes (CNTs) for its Infrastructure Coatings and Paints: High Quality SMW™ Specialty Multi-wall Carbon Nanotubes Incorporated into Teslan®-brand coatings used by Transportation, Oil and Gas Companies November 19th, 2014

Solar/Photovoltaic

New technique helps probe performance of organic solar cell materials January 23rd, 2015

Teijin to Participate in Nano Tech 2015 January 22nd, 2015

The path to artificial photosynthesis: HZB researchers describe efficient manganese catalyst capable of converting light to chemical energy January 21st, 2015

Self-assembled nanotextures create antireflective surface on silicon solar cells: Nanostructured surface textures-with shapes inspired by the structure of moths' eyes-prevent the reflection of light off silicon, improving conversion of sunlight to electricity January 21st, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE