SPX Awarded $40 M Contract for Silicon Growing Equipment

SPX Corporation announced that its Kayex business was awarded a contract to design and manufacture state-of-the-art crystal growing equipment to support the rapid growth of the silicon-based solar energy market. The $40 million contract is with the Norwegian company, NorSun AS, a producer of mono crystalline ingots and wafers for the international solar industry.

John Way, a division president of SPX, said the company “is focused on helping to build global infrastructure. The growth in the solar energy market allows SPX additional opportunities to provide energy solutions for our customers. We are pleased to help NorSun become a significant manufacturer of solar materials by using our expertise and technology.”

Kayex’s technology grows polysilicon into crystal ingots that are the base material for producing solar cells. These new crystal-growing machines will primarily be installed in NorSun’s new solar wafer facility in Ardal, Norway. Once fully operational this facility will be among the largest of its kind in the world.

“Norway is fast becoming a center for excellence in solar production,” Way added.

Shipment of equipment is scheduled to begin in the third quarter of 2007.

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