GT Solar Acquired First Sapphire Crystallization Orders From two China-based Firms

GT Solar has acquired its first two orders totaling more than $84 million for sapphire crystallization systems from Jiangsu Jixing New Material Co., Ltd and Jiujiang Sapphire Tech Co., Ltd.

Total annual production capacity of the two orders is approximately eight million two-inch equivalents (TIE) of sapphire substrates.

The two orders represent GT Solar's entry into the LED equipment market, which GT Solar stated it would pursue when it announced its acquisition of Crystal Systems in July of 2010.

The two orders in combination with other DSS and polysilicon orders bring GT Solar's Q3 quarter-to-date bookings to more than $245 million and strengthen the company's view for a strong FY 2012 based on the pipeline of orders still under discussion with customers.

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