MERRIMACK, N.H., July 7, 2014 (GLOBE NEWSWIRE) -- GT Advanced Technologies (Nasdaq:GTAT) is presenting at the 2014 Intersolar North America conference being held in San Francisco, California, July 8-10, 2014. On Tuesday, July 8, at 9:00 am, Dr. Gopal Prabhu, Sr. Director of Technology will deliver a presentation about GT's recently announced Merlin™ technology entitled, Innovative Cell Metallization and Interconnect Technology for Improved Module Performance and Lower Installed System Cost.
Merlin is a revolutionary interconnect technology that enables efficiency and cost reductions across the entire solar value chain. Unlike other interconnect technologies, Merlin is designed to dramatically increase durability of the modules when subjected to extensive thermal cycling and vibration testing. Additionally, it is a simple drop-in technology that minimizes the risk of adoption by avoiding the use of new materials in the construction of the module while keeping additional cap-ex to a minimum. While Merlin™ has been successfully developed and tested primarily for implementation in standard multi and mono crystalline silicon solar cells, it is uniquely suited for high current modules incorporating bifacial cells as well.
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.
FORWARD LOOKING STATEMENTS
Certain of the information in this press release relates to the Company's future expectations, plans, products and prospects for its business and industry that constitute "forward-looking statements" for the purposes of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to: Merlin technology is a revolutionary interconnect technology that will enable efficiency and cost reductions across the entire solar value chain; Merlin technology is designed to dramatically increase durability of the modules when subjected to extensive thermal cycling and vibration testing; Merlin is a simple drop-in technology that is expected to minimize the risk of adoption by avoiding the use of new materials in the construction of the module while keeping additional cap-ex to a minimum; and Merlin technology will be uniquely suited for high current modules incorporating bifacial cells. 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 Company not being able to commercialize its technology under development (including the Merlin technology); the Company's products (including the Merlin technology) not performing as expected; the Company's products not having the expected impact on its industry; the Company may not recognize any benefits from its arrangement with Apple; the Company's arrangement with Apple may not result in actual revenue in the originally anticipated period or at all, which could reduce our revenue, profitability and liquidity; the Company's ability to transition its business to being a material and equipment provider; Apple purchasing sufficient quantities under its arrangements with the Company; the Company complying with the provisions of its arrangements with Apple and the Company's ability to complete development of and commercialize any new products (including the Merlin product and technology). Other factors that may cause actual events to differ materially from those expressed or implied by our forward-looking statements include: the impact of continued decreased demand and/or excess capacity in the markets for the output of the Company's equipment; general economic conditions and the tightening credit markets having an adverse impact on demand for the Company's products; limited sales of PV and other equipment products and materials; the possibility that changes in government incentives may reduce demand for polysilicon and solar products, which would, in turn, reduce demand for the Company's equipment and materials; technological changes could render existing or proposed products or technologies obsolete; the Company may be unable to protect its intellectual property rights; competition from other manufacturers may increase; and various other risks as outlined in GT Advanced Technologies Inc.'s filings with the Securities and Exchange Commission, including the statements under the heading "Risk Factors" in the Company's quarterly report on Form 10-Q for the quarter ended March 29, 2014 and its annual report on Form 10-K for the fiscal year ended December 31, 2013. Statements in this press release should be evaluated in light of these important factors. The statements in this press release represent GT Advanced Technologies Inc.'s expectations and beliefs as of the date of this press release. GT Advanced Technologies Inc. anticipates that subsequent events and developments may cause these expectations and beliefs to change. 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.
Source:GT Advanced Technologies