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GT Solar International Announces $200 Million in PV Equipment Supply Contracts
February 26, 2010Source: Clean Edge News
GT Solar International,
Inc., a global provider of specialized production equipment,
process technology and turnkey manufacturing services for the solar
power industry, recently announced it has signed new contracts
totaling more than $200 million for its
DSS450 ingot growth furnaces and ancillary equipment and services.
This includes a $137 million follow-on order from a large Chinese
customer, as well as orders from Tianwei New Energy Holdings Co, Ltd.,
Phoenix Photovoltaic Technology Co, Ltd., Yingli Green Energy Holding
Company Ltd., JA Solar Holding Co, Ltd., Taiwan-based Sino-American
Silicon Products (SAS), and one other customer. The orders were booked
in GT Solar's current fourth fiscal quarter and revenue for these
orders is expected to be recognized in periods subsequent to the
current fiscal year.
"We are pleased that leading PV manufacturers continue to express
confidence in our ingot growth technology, as evidenced by these
orders from our valued Asian customers," said Tom Gutierrez, president
and chief executive officer of GT Solar. "GT Solar is well positioned
in Asia to meet the needs of our growing base of customers with the
investment we have made for additional service and support capability
in our Shanghai facility."