GT Solar Receives $460M Order

GT Solar International Inc. received a $460.4 million order for its advanced sapphire crystallization furnaces from a new market entrant.

The company’s largest single order to date, it represents a milestone and will be included in GT’s backlog for its current quarter, the first for fiscal year 2012, which ends July 2, 2011, it said.

According to industry analyst firm Strategies Unlimited, revenue for high- brightness LED applications will be approximately $19 billion by 2015, with general lighting applications accounting for about 25 percent.

GT Solar provides polysilicon production technology as well as sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets.

For more information, visit: www.gtsolar.com  





LATEST NEWS

• AmeriCOM Adds President and CEO: People in the News: 5/1/24
  May 1, 2024
• Machine Learning Pushes High-Power Lasing Limits
  May 1, 2024
• IPG Names Industry Veteran Mark Gitin CEO
  Apr 30, 2024
• 16th Biannual Optatec Conference Continues in Frankfurt
  Apr 30, 2024
• Celestial Surface Mapping Tech Combines Established Techniques
  Apr 30, 2024
• TSMC Partnerships Target Integrated Photonics Capabilities
  Apr 30, 2024
• CLEO Heads to the East Coast
  Apr 29, 2024
• Qubits Could be Stored in Flash-Like Memory
  Apr 29, 2024