GT Solar’s order backlog exceeds $1.4 billion

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GT Solar’s order backlog in its just posted second quarter financial results topped $292 million, resulting in its total order backlog exceeding $1.4 billion, up from $1.26 billion at the end of the first quarter. GT Solar also shipped more than 200 DSS furnaces to the solar market with many orders shipped ahead of schedule due to customer demand, the company said.

GT Solar noted its sixth agreement for DSS furnaces with Sino American Silicon (SAS), of Taiwan a Taiwan and an agreement with China-based KMYY.

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The company also said that it was developing a 400 metric ton polysilicon reactor, which would produce silicon faster with up to a 30 percent reduction in energy usage, significantly reducing polysilicon production costs.

“We remain confident in our future as a leading equipment and technology supplier for the global solar power industry,” remarked Tom Zarrella, President and Chief Executive Officer of GT Solar. “We continue to believe that the photovoltaic industry is making progress in bringing solar power closer to parity with conventional energy sources and GT Solar is playing a critical role in that effort through our technology innovation and field-performance excellence.”

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