Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > GT Solar Receives $23.4 Million Follow-on Order from OCI for Polysilicon Production Equipment

GT Solar's SDR(tm) CVD reactor is capable of producing more than 400 metric tons of polysilicon annually. (Photo: Business Wire)
GT Solar's SDR(tm) CVD reactor is capable of producing more than 400 metric tons of polysilicon annually. (Photo: Business Wire)

Abstract:
Order includes SDR 400 reactors with improved throughput and reduced power consumption

GT Solar Receives $23.4 Million Follow-on Order from OCI for Polysilicon Production Equipment

Merrimack, NH | Posted on August 3rd, 2010

GT Solar International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems for the solar, LED and other specialty markets, today announced that it has received a $23.4 million follow-on order from South Korea-based polysilicon producer OCI Company, Ltd. for its newest SDR™ 400 CVD reactors and other equipment to support OCI's polysilicon plant expansion.

"We are pleased by the confidence OCI has demonstrated with our polysilicon production technology," said Tom Gutierrez, GT Solar's president and CEO. "The additional throughput and cost savings of the SDR 400 CVD reactor allows OCI to further enhance their cost competitiveness."

The SDR 400 reactor has proven capability of producing over 400 metric tons of polysilicon annually and continues GT Solar's leadership position for developing the most energy efficient reactors in the industry. The SDR 400 reduces power consumption by an additional 20 percent per kilogram of polysilicon produced compared to GT Solar's highly efficient SDR 300. OCI's phase 3.5 expansion is expected to be completed in October 2011.

Forward-Looking Statements

Some of the statements in this press release are forward-looking in nature, including statements regarding throughput and cost savings. 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 2010 filed on June 4, 2010.

####

About GT Solar International
GT Solar International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems 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.

For more information, please click here

Contacts:
Media
GT Solar
Jeff Nestel-Patt, 603-204-2883


Investors/Analysts
GT Solar
Bob Blair, 603-681-3869

Copyright © GT Solar International

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

Host-guest nanowires for efficient water splitting and solar energy storage February 7th, 2016

UTHealth research looks at nanotechnology to help prevent preterm birth February 7th, 2016

Graphene is strong, but is it tough? Berkeley Lab scientists find that polycrystalline graphene is not very resistant to fracture February 7th, 2016

Lithium battery catalyst found to harm key soil microorganism February 7th, 2016

Discovery of the specific properties of graphite-based carbon materials February 6th, 2016

Display technology/LEDs/SS Lighting/OLEDs

Graphene is strong, but is it tough? Berkeley Lab scientists find that polycrystalline graphene is not very resistant to fracture February 7th, 2016

Announcements

Host-guest nanowires for efficient water splitting and solar energy storage February 7th, 2016

UTHealth research looks at nanotechnology to help prevent preterm birth February 7th, 2016

Graphene is strong, but is it tough? Berkeley Lab scientists find that polycrystalline graphene is not very resistant to fracture February 7th, 2016

Lithium battery catalyst found to harm key soil microorganism February 7th, 2016

New-Contracts/Sales/Customers

Heriot-Watt's Institute of Photonics & Quantum Sciences uses the Deben Microtest 2 kN tensile stage to characterise ceramics and engineering plastics January 21st, 2016

Industrial Nanotech, Inc. Begins Supplying One of World's Largest Pulp and Paper Product Companies with Patented Energy Saving and Protective Coatings for Heat Process Equipment January 4th, 2016

Industrial Nanotech, Inc. Announces Two More Offshore Oil and Gas Platform Projects December 9th, 2015

Nanotech Signs MOU with Leading European Manufacturer to Supply Optical Thin Film to the Banknote Market: Alliance Combines Technology and Production Capacity to Address High Volume Opportunities November 17th, 2015

Solar/Photovoltaic

Host-guest nanowires for efficient water splitting and solar energy storage February 7th, 2016

Simplifying solar cells with a new mix of materials: Berkeley Lab-led research team creates a high-efficiency device in 7 steps January 29th, 2016

An alternative to platinum: Iron-nitrogen compounds as catalysts in graphene January 28th, 2016

Scientists provide new guideline for synthesis of fullerene electron acceptors January 28th, 2016

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







Car Brands
Buy website traffic