GT Solar Receives $228 Million Order for Polysilicon Production Equipment and Technology from South Korean Polysilicon Producer OCI Company

GT Solar International, Inc. 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, today announced that it has received its largest order to date for polysilicon production equipment and technology totaling $228 million from South Korea-based polysilicon producer OCI Company, Ltd. The production equipment will be incorporated into OCI's new Phase 4 production facility. The order will be included in GT Solar's backlog for its current Q1 FY12, which ends on July 2, 2011. “OCI is a long-time valued partner and we are proud that our polysilicon production technology has been selected for their new production facility,” said Tom Gutierrez, GT Solar's president and CEO. “We continue to drive down the cost of polysilicon production by delivering technology that improves throughput and lowers operating expense."