Reportedly, Guizhou Haotian Optoelectronics Technology Co. LTD (HTOT) has ordered the advanced sapphire crystallization furnaces totaling $218.9 million from GT Solar.
This Chinese LED company plans to launches operations to manufacture sapphire and other crystalline products used in LEDs.
Additionally, the order not only marks HTOT’s entrance into the fast-growing LED industry, but also continues GT Solar’s market momentum for its sapphire crystalline growth technology. The order will be included in GT Solar’s backlog for its current Q1 FY12, which ends on July 2, 2011.
Plus, GT Solar has also received another order worth nearly $94 million orders from Powertec Energy Corp., a Taiwanese polysilicon producer.