Friday, May 20, 2011

ARC Energy strongly denies all GT Solar Hong Kong and GT Solar Crystal Systems LLC litigation claims

NASHUA, USA: Advanced RenewableEnergy Co. LLC (ARC Energy) issued the following statement, which can be attributed to Daniel Lyman, secretary and general counsel:

“ARC Energy has reviewed the Complaint filed last week by GT Solar Crystal Systems LLC and GT Solar Hong Kong, Limited and found it completely without merit. ARC’s sapphire crystallization equipment and processes are entirely our own. We will defend against this action vigorously and we intend to win.

“GT’s action will not distract ARC Energy’s commitment to providing its customers with the most advanced technologies and best possible products and services. Nor will it distract us from our mission to deliver innovative, highly automated, sapphire crystal growth equipment and services which dramatically reduce production costs.”

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