Merrimack, New Hampshire, United States
GT Solar International, Inc., one of the largest providers of manufacturing equipment and "turnkey" manufacturing solutions to the photovoltaic (PV) industry, announced its wholly owned subsidiary, GT Solar Incorporated, has received a $40,700,000 order from Soltech, S.A. in Patras, Greece for a turnkey line of equipment capable of making 30MW of solar wafers, cells and modules annually.
The equipment includes GT Solar's new DSS450 furnace, which produces 400kg to 450kg silicon ingots, and also Atlas tabber/stringers, which arrange rows of solar cells for placement in solar modules.
GT Solar President and CEO, Thomas Zarrella, said: "This order represents GT's first sale of an integrated factory, and underscores GT's value as an enabler of companies that are interested in the solar (PV) business. GT provides these companies with a turnkey line of manufacturing equipment, technologies and solutions across the photovoltaic supply chain."
Soltech, S.A. President, Dimitrios Panagakos, said: "We are purchasing a technologically advanced line of equipment and technology that will make us competitive in the fast-growing photovoltaic marketplace. We look forward to this business relationship with GT Solar."
About Soltech, S.A.
Soltech, S.A. of Patras, Greece is positioned to be Greece's leading supplier of solar wafers, cells and modules. It will be distinctly positioned as the first fully integrated solar PV player in the Southern European market. Soltech, S.A.'s unique production platform translates into concrete advantages for its customers, including higher efficiency, faster service and a broader range of deliverable solutions.
About GT Solar
GT Solar International, Inc. is one of the largest providers of manufacturing equipment and "turnkey" manufacturing solutions to the photovoltaic (PV) industry. Based in Merrimack, NH (USA), the company's products include equipment used to produce multicrystalline solar wafers, cells and modules. GT Solar also manufactures polysilicon reactors and converters which allow its customers to produce the polysilicon from which solar wafers are made. For more information, go to www.gtsolar.com.
Forward Looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. These statements are indicated by words such as "expect," "estimate," or similar expressions. In particular, this press release contains forward-looking statements about the expected future sales from the contract executed with Soltech, S.A. These statements are based upon information available to GT Solar's management as of the date hereof. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including, but not limited to, the failure by either party to fulfill its obligations under such contract. GT Solar undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by law.
Source: Business Wire (Business Wire India)