ADDING and REPLACING GT Solar Announces Multi-Year Sapphire Material Contract with Exotic Electro-Optics
2011年6月13日 - 11:21PM
ビジネスワイヤ（英語）
Adding ticker searchability for II-VI Incorporated (NASDAQ:
IIVI).
The corrected release reads:
GT SOLAR ANNOUNCES MULTI-YEAR SAPPHIRE
MATERIAL CONTRACT WITH EXOTIC ELECTRO-OPTICS
Large 13-inch sapphire blanks targeted for
US-based defense program
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 its subsidiary, GT
Crystal Systems LLC, has signed a multi-year contract valued at
$3.75 million with Exotic Electro-Optics, Inc., (EEO), a subsidiary
of II-VI Incorporated (NASDAQ: IIVI). Under the terms of the
contract, GT Crystal Systems will provide large sapphire blanks to
EEO for a US-based defense program. The sapphire material will be
produced in GT’s recently expanded, state-of-the-art manufacturing
facility located in Salem, Massachusetts.
“The optical performance of the sapphire material is critical to
meeting the demanding requirements for this program,” said Andrew
Riser, General Manager of Exotic Electro-Optics. “GT Crystal
Systems has proven over the years that they can deliver the high
quality sapphire material we need to engineer precision optical
solutions and meet our cost requirements as well.”
“We are pleased that Exotic Electro-Optics has selected GT
Crystal Systems and we look forward to continuing our relationship
in the years to come,” said Cheryl Diuguid, vice president and
general manager of GT Solar’s sapphire material and equipment
business unit. “Our ASF-grown sapphire material is recognized
worldwide for its high quality optical performance that can support
the most stringent applications. The scalability of our ASF crystal
growth technology allows us to produce sapphire material capable of
meeting the large diameters required for this program.”
EEO is a leading supplier of state-of-the-art infrared optics,
coatings and assemblies for aerospace, defense, and commercial
markets. They will utilize the large 13-inch sapphire blanks to
fabricate high performance sapphire windows for a multi-spectral
aerospace application. The sapphire blanks contain high quality
sapphire material which exhibits uniform crystalline structure
without visible inclusions. Delivery of the material began in June
of this year.
About GT Solar International, Inc.
GT Solar International, Inc. (NASDAQ: SOLR), is a global
provider of polysilicon production technology, and sapphire and
silicon crystalline growth systems and materials for the solar, LED
and other specialty markets. The company's products and services
allow its customers to optimize their manufacturing environments
and lower their cost of ownership. GT Solar has begun the process
of changing the company name to GT Advanced Technologies as it
establishes a new global brand. The new name reflects the broader
range of markets and technologies the company now addresses since
its acquisition of Crystal Systems in July of 2010. The transition
to GT Advanced Technologies is expected to be completed in August
2011. For additional information about GT Solar, please visit
www.gtsolar.com.
Forward-Looking Statements
Some of the statements in this press release are forward-looking
in nature, including statements regarding expected revenue from
customer contracts. These statements are based on management’s
current expectations or beliefs. These forward-looking statements
are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside the
Company’s control, which could cause actual events to differ
materially from those expressed or implied by the statements.
Factors that may cause actual events to differ materially from
those expressed or implied by our forward-looking statements
include the possibility that the Company is unable to recognize
revenue on customer contracts, that technological changes could
render existing products or technologies obsolete, the Company may
be unable to protect its intellectual property rights, competition
from other manufacturers may increase, exchange rate fluctuations
and conditions in the credit markets and economy may reduce demand
for the Company’s products and various other risks as outlined in
GT Solar International, Inc.’s filings with the Securities and
Exchange Commission, including the statements under the heading
“Risk Factors” in the Company’s annual report on Form 10-K for
fiscal 2011 filed on May 26, 2011. GT Solar International, Inc. is
under no obligation to, and expressly disclaims any such obligation
to, update or alter its forward-looking statements, whether as a
result of new information, future events, or otherwise.
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