GT Solar Receives $55.1 Million in New Orders for Polysilicon Production Equipment and Technology

GT Solar International, Inc. SOLR, today announced that it has received an order from a new customer in Asia for polysilicon production equipment totaling $55.1 million. The new order represents GT Solar's complete range of polysilicon production equipment including hydrochlorination equipment used for the production of TCS, SDR™ reactors, filament and product processing equipment, and other polysilicon production equipment. The order is included in the company's backlog for the first quarter of FY12 which ended on July 2, 2011. “We are pleased to add this new customer to our growing family of polysilicon producers,” said Dave Keck, vice president and general manager of GT Solar's polysilicon technology business unit. “As polysilicon prices continue to fall, producers must operate their plants at the highest levels of productivity and efficiency to remain profitable. Our polysilicon production equipment and technology enables customers to produce silicon at one of the lowest costs in the industry.”