GT Advanced Technologies Announce New Orders Of $66.5 Million

GT Advanced Technologies Inc, has announced that it has received an order for Silane production equipment and technology from SMP Ltd. a joint venture between Samsung Fine Chemicals and MEMC Singapore, a subsidiary of MEMC Electronic Materials (collectively referred to as "MEMC"). The silane equipment and technology will be used in the production of fluidized bed polysilicon using MEMC fluidized bed reactor technology.  In addition, GT has received an order for its TCS technology and equipment from a new polysilicon customer. These two orders total $66.5 million and have been included in GT's backlog for its Q3 FY12, which ended on December 31, 2011. These orders are not related to the engineering services contract booked with another incumbent polysilicon producer in Q2FY12.

"We have a strong record of helping to develop highly productive and low-cost TCS and now Silane production plants around the world and we are excited to be working with SMP Ltd. on this important project," said Dave Keck, vice president and general manager of GT's polysilicon business. "The SMP project is an important step in our continued support of the renewable energy industry in Korea and we are proud to be associated with this project and working with Samsung Fine Chemicals and incumbent MEMC."