GT Advanced Technologies: Orders

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MERRIMACK, N.H. - GT Advanced Technologies (Nasdaq:GTAT) announced that it has received $58.6 million in orders this quarter for high temperature refractory metal furnaces that are used for a variety of industrial purposes. These orders will be reflected in Q2 reportable backlog and GT expects to recognize revenue from these orders during the second half of 2014.

"Thermal Technologies, which was acquired by GT in 2013, developed the high temperature refractory furnace technology that will be deployed as part of these orders. It is expected that several other industrial products developed by Thermal Technologies, will be taken to market through our existing sales and service channel, adding to our diversification beyond our traditional markets," said Tom Gutierrez, GT's president and CEO.

About GT Advanced Technologies Inc.

GT Advanced Technologies Inc. is a leading diversified technology company producing advanced materials and innovative crystal growth equipment for the global consumer electronics, power electronics, solar and LED industries. Its technical innovations accelerate the use of advanced materials, enabling a new generation of products across this diversified set of global markets. For additional information about GT Advanced Technologies, please visit www.gtat.com.

CONTACT:
Ryan Flaim ryan.flaim@gtat.com 603-681-3869
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