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Tuesday, April 26, 2011

GT Solar wins $94M solar tech order

By Kyle Alspach

GT Solar International Inc. (Nasdaq: SOLR) said it has received a $93.9 million order for polysilicon production equipment and technology from a Taiwan-based company.

The Merrimack, N.H.-based company said the order is with polysilicon producer Powertec Energy Corp. The equipment will be installed in Powertec’s new polysilicon facility, which is scheduled to start production in 2012, GT Solar said.

The technology sold to Powertec includes SDR 400 reactors, which have the capability of producing more 400 metric tons annually of polysilicon, according to GT Solar.

The company has diversified its solar equipment business to include LED equipment in recent months, which most recently led GT Solar to receive a $41.6 million order for sapphire crystallization systems in February.

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