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GT Solar Receives $460M Order

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MERRIMACK, N.H., June 17, 2011 — 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...Read full article

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    Published: June 2011
    AmericasBusinessConsumerenergygeneral lighting applicationsgreen photonicsGT Solar International Inc.high-brightness LEDsLight Sourceslight-emitting diodesNew Hampshirepolysilicon productionsapphire crystallization furnacessilicon crystalline growth systemssolarStrategies UnlimitedLEDs

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