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GT Advanced Technologies Achieves Full Mono Yields from Ingots Cast using New MonoCast™ Technology


March 16, 2012 - Merrimack, New Hampshire, United States

GT Advanced Technologies Inc., (NASDAQ: GTAT), has announced that it has achieved 100 percent mono yields from ingots cast in its DSS™450 MonoCast™ technology. The new milestone in casting technology is a 75 percent increase in yields using the same furnace configuration that the company first introduced at the end of January 2012.

DSS(TM)450 MonoCast(TM) (Photo: Business Wire)

DSS(TM)450 MonoCast(TM) (Photo: Business Wire)

“We leverage our deep domain knowledge in crystal growth process systems and post processing expertise to deliver higher levels of value to our customers,” said Vikram Singh, GT’s general manager of its PV group. “This achievement allows manufacturers of traditional multicrystalline wafers to produce the highest volume of full monocrystalline wafers in their DSS furnaces without the hybrid wafer by-products that result from bricks that contain material consisting of mono and multicrystalline material.”

The DSS450 MonoCast features new advanced hardware and an industry first automatic seed retention feature that eliminates dipping and operator intervention between melt and growth helping to automate the process and enabling the production worthiness of the DSS450 MonoCast system. When combined with GT’s Acuity™ performance software, the DSS450 MonoCast produces high quality ingots run after run. 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.

Forward-Looking Statements

Some of the statements in this press release are forward-looking in nature, including statements regarding expected results from new technology offerings. These statements are based on management’s current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside the Company’s control, which could cause actual events to differ materially from those expressed or implied by the statements. Factors that may cause actual events to differ materially from those expressed or implied by our forward-looking statements include the possibility that the Company is unable to recognize revenue on customer contracts, that technological changes could render existing products or technologies obsolete, the Company may be unable to protect its intellectual property rights, competition from other manufacturers may increase, exchange rate fluctuations and conditions in the credit markets and economy may reduce demand for the Company’s products and various other risks as outlined in GT Advanced Technologies Inc’s (formerly Solar International, Inc.) filings with the Securities and Exchange Commission, including the statements under the heading “Risk Factors” in the Company’s annual report on Form 10-K for fiscal 2011 filed on May 26, 2011 and quarterly report on Form 10-Q for the second quarter of fiscal 2012 filed on November 9, 2011. GT Advanced Technologies, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50205274&lang=en


MULTIMEDIA AVAILABLE : http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50205274&lang=en

CONTACTS : Media GT Advanced Technologies Jeff Nestel-Patt, 603-204-2883 jeff.nestelpatt@gtat.com or Investors/Analysts GT Advanced Technologies Ryan Blair, 603-681-3869 ryan.blair@gtat.com

Source: Business Wire India

BusinessWireIndia

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