GT Solar equips polysilicon facility for Powertec for $93.9M

GT Solar (NASDAQ: SOLR) received a $93.9 million order from Taiwan-based polysilicon producer Powertec Energy Corporation for a complete suite of polysilicon production equipment and technology including SDR 400 reactors, hydrochlorination, filament and product processing equipment.

April 25, 2011 – 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, received a $93.9 million order from Taiwan-based polysilicon producer Powertec Energy Corporation for a complete suite of polysilicon production equipment and technology including SDR 400 reactors, hydrochlorination, filament and product processing equipment. The equipment will be installed in Powertec’s new polysilicon facility, which is expected to begin production in 2012. The order will be included in GT Solar’s backlog for its current Q1 FY12, which ends on July 2, 2011.

“To ensure a low-risk and rapid start-up of our new production facility, we wanted proven technology that could deliver high-quality material for the lowest polysilicon production costs. GT Solar’s polysilicon technology and complete range of engineering services will allow us to quickly ramp our plant to volume production while delivering the highest return on our investment,” said Scott Kou, chief executive officer of Powertec Energy Corporation.

“We [enable] new market entrants to establish highly productive polysilicon manufacturing plants. Our suite of polysilicon equipment and technology delivers industry-leading cost per kilogram polysilicon by increasing throughput and lowering energy consumption,” said Tom Gutierrez, GT Solar’s president and CEO.

The SDR 400 CVD reactor has proven capability of producing over 400 metric tons annually (MTA) of polysilicon.

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. For additional information about GT Solar, please visit www.gtsolar.com.

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