GT Solar, Jiangxi Sornid announce new order worth over $20 million

MERRIMACK, USA: GT Solar International Inc., a global provider of specialized production equipment, process technology and turnkey manufacturing services for the solar power industry, and Jiangxi Sornid Hi-Tech Co. Ltd have signed a new contract totaling more than $20 million for GT Solar’s market-leading GT-DSS450 ingot growth furnaces and ancillary equipment and services. The order was booked in GT Solar’s current fourth fiscal quarter and revenue is expected to be recognized in subsequent periods.

“We are committed to becoming a leading supplier of high quality multi-crystalline silicon wafers to the solar industry,” said Mr. Lou Hong, chairman, Jiangxi Sornid Hi-Tech Co., Ltd. “GT Solar is a valued partner and their ingot growth furnaces produce high quality ingots that meet our customers’ expectations.”

“We are seeing an increase in bookings for our GT-DSS450 furnaces in China as customers begin to add new production capacity to position themselves for the next phase of growth in the worldwide solar industry,” said Tom Gutierrez, GT Solar’s president and chief executive officer. “Over the past year we have significantly expanded our service and support capabilities in China to better serve our growing base of customers in this key strategic market. We are pleased to have this repeat order from Sornid.”

With over 1,300 systems in the field, GT Solar’s DSS ingot growth furnaces are widely used in the solar industry and are known for their reliability and for consistently producing high quality crystal.