GT Solar Receives $460.4 Million Order for Advanced Sapphire Crystallization Furnaces

GT Solar International, Inc. SOLR today announced that it has received an order for its advanced sapphire crystallization furnaces totaling $460.4 million from a new market entrant. The order is GT's largest single order to date, and represents a significant milestone for the company as a leader in the fast-growing LED industry. The order will be included in GT's backlog for its current Q1 FY12, which ends on July 2, 2011. “Our customer is a well established, diversified manufacturing company located in China who is new to the LED industry. We are pleased that they have selected our advanced sapphire growth technology for their new sapphire production facility,” said Tom Gutierrez, GT Solar's president and CEO. “The market acceptance of our sapphire growth technology has been remarkable and it speaks to the confidence our customers have shown in our ability to help them build successful businesses that leverage our crystalline growth expertise and our global equipment installation and support resources.”