18.05.12

GT Advanced Technologies: Orders Totaling $8 Million

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GT Advanced Technologies Inc., announced that it has received two orders totaling $8 million from Taiwan-based wafer
manufacturer UTECH Solar. One order is for its new DSS" 450 MonoCast"
silicon growth technology and the other order is for additional GT
DSS"450HP casting furnaces. UTECH will upgrade a portion of their
current GT DSS450 casting furnaces to begin producing MonoCast" wafers,
which will strengthen its competitive position as a wafer supplier to
meet the expected demand for higher efficiency solar cells. In addition,
UTECH is also increasing its total wafer production capacity with
additional GT DSS450HP multicrystalline casting furnaces to meet the
demand from its key customers.

This is the first commercial order for our new DSS MonoCast technology,
and we are pleased to be working with our long-time PV customer UTECH
Solar, said Tom Gutierrez, GTs president and CEO. We expect that the
PV industry will begin to transition a portion of its traditional
multicrystalline wafer production capacity to new crystalline growth
technology such as our DSS MonoCast systems that offer wafer producers
additional revenue opportunities by selling higher value wafers because
of their inherently better material quality.

We are seeing a growing interest from our solar cell customers for
higher quality wafers capable of producing higher efficiency cells,
said Ben Pan, executive administrator, Utech Solar Corporation. GTs
DSS 450 MonoCast technology will give us this capability and the
additional DSS450HP systems will add to our overall production capacity
allowing us to increase our competitiveness as the PV industry begins to
recover in the coming years.

The DSS450 MonoCast system delivers high mono volume yields. The system
features advanced hardware and an industry first automatic seed
retention feature that eliminates dipping and operator intervention
between the melt and growth cycles helping to automate the process and
enabling the production worthiness of the DSS450 MonoCast system.
Customers currently operating DSS furnaces can migrate to the new DSS450
MonoCast system through a field upgrade.

About GT Advanced Technologies Inc.

GT Advanced Technologies Inc. is a global provider of polysilicon
production technology, and sapphire and silicon crystalline growth
systems and materials for the solar, LED and other specialty markets.
The company's products and services allow its customers to optimize
their manufacturing environments and lower their cost of ownership. For
additional information about GT Advanced Technologies, please visit www.gtat.com.

Source: GT Advanced Technologies Inc.


Contact:
GT Advanced Technologies
Ryan Blair, 603-681-3869
ryan.blair@gtat.com
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