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GT Advanced Technologies Announces Release of Next Generation Multicrystalline Furnace

MERRIMACK, N.H., May 09, 2016 (GLOBE NEWSWIRE) -- GT Advanced Technologies Inc., today announced that it will release its latest generation of multicrystalline ingot production furnace, the DSSTM20M, at SNEC Shanghai later this month. The DSSTM20M, capable of producing more than 20MW of high efficiency ingots per year, is the sixth generation furnace in GT’s DSSTM family. GT will highlight this product at its SNEC booth (E3-008) and will have further information on the furnace and material grown from the furnace available for customers to evaluate.

“We are pleased to provide the photovoltaic market with the latest generation of multicrystalline ingot production equipment,” said Dave Keck, chief executive officer of GT Advanced Technologies. “The DSSTM20M allows producers to drastically improve operational efficiency and productivity by nearly doubling production output versus the current generation furnaces. With over 3700 units installed, GT has the largest installed base of multicrystalline furnaces in the market and our latest furnace, the DSSTM20M, enables our customers to produce the highest efficiency wafers at the lowest cost in the industry.”

About GT Advanced Technologies Inc.
GT Advanced Technologies Inc. is a diversified technology company with innovative crystal growth equipment and solutions for the global solar, LED and electronics industries. Our products accelerate the adoption of new advanced materials that improve performance and lower the cost of manufacturing. For additional information about GT Advanced Technologies, please visit www.gtat.com.

Contact: GT Advanced Technologies Jessica Forleo jessica.forleo@gtat.com

Source: GT Advanced Technologies