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GT Solar Receives $93.9 Million Order for Polysilicon Production Equipment and Technology from Taiwan-based Powertec Energy Corporation

published: 2011-04-26 15:53

GT Solar International, Inc. (NASDAQ: 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 a $93.9 million order from Taiwan-based polysilicon producer Powertec Energy Corporation for a complete suite of polysilicon production equipment and technology including SDR™ 400 reactors, hydrochlorination, filament and product processing equipment. The equipment will be installed in Powertec’s new polysilicon facility which is expected to begin production in 2012. The order will be included in GT Solar’s backlog for its current Q1 FY12, which ends on July 2, 2011.

“Our goal is to become a leading supplier of polysilicon to support the growth of the world PV industry”

“Our goal is to become a leading supplier of polysilicon to support the growth of the world PV industry,” said Scott Kou, chief executive officer of Powertec Energy Corporation. “To ensure a low-risk and rapid startup of our new production facility, we wanted proven technology that could deliver high quality material for the lowest polysilicon production costs. GT Solar’s polysilicon technology and complete range of engineering services will allow us to quickly ramp our plant to volume production while delivering the highest return on our investment.”

“We are pleased that Powertec has selected GT Solar as its technology partner for their new polysilicon production facility,” said Tom Gutierrez, GT Solar’s president and CEO. “We have a successful track record of enabling new market entrants to establish highly productive polysilicon manufacturing plants. Our suite of polysilicon equipment and technology delivers industry-leading cost per kilogram polysilicon by increasing throughput and lowering energy consumption.”

The SDR 400 CVD reactor has proven capability of producing over 400 metric tons annually (MTA) of polysilicon and continues GT Solar’s leadership position for developing the most energy efficient reactors in the industry.

 

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