China-based solar wafer start-up Jiangxi Sornid Hi-Tech has placed a follow-on order with GT Solar for its GT-DSS450 ingot growth furnaces and ancillary equipment and services. Its first furnaces were delivered in the first quarter of 2009. The new contract is worth more than US$20 million.
We are committed to becoming a leading supplier of high quality multicrystalline silicon wafers to the solar industry,” said 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.”
The order was booked in GT Solar’s current fourth fiscal quarter and revenue is expected to be recognized in subsequent periods. The company noted in its latest quarterly conference call that lead times for furnaces had shortened due to lower order intake and improved operations.