GT Solar $460 million sapphire crystal furnace orders

GT Solar International, Inc. (NASDAQ: SOLR) is hot recently sapphire crystal growth furnace furnace business orders in June 7th the company has advanced sapphire crystal obtained by far the largest single order -- a new led into the industry China company a total of $460 million 400 thousand. GT Solar did not disclose the specific name of the company. GT Solar said, this order is of great significance to the rapid growth of milepost leading enterprises to become the LED industry company, the order will be included in the current GT Solar 2012 as of July 2, 2011 for the first quarter of fiscal reserves in order.

GT Solar President Tom Gutierrez

Good business is more than this one April 27th, GT Solar and the Guiyang industrial investment (Group) Co., Ltd. signed a strategic cooperation agreement with Guiyang industry investment and a wholly owned subsidiary of Guiyang Hao Tian Photoelectric Technology Co. Ltd. signed a $218 million 800 thousand contract to buy the sapphire crystal growth furnace. According to engineering LED Industry Institute (GLII) of the monitoring data, as of May this year, the domestic new sapphire substrate up to 12 projects, plans a total investment amounted to 19 billion 620 million yuan. Domestic investment sapphire fiery momentum continues, a small town in Peixian and even Xuzhou are very concerned about the sapphire substrate investment project: annual output of 30 million LED sapphire crystal and slice the project will start construction in July this year, September, equipment installation and commissioning, before the end of a period of 8 sets of LED Sapphire crystal growth furnace put into operation. Engineering LED Solar GT believes that good business will continue.