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GT Solar Commences Installation and Commissioning of New DSS450HP Crystalline Growth Systems at GCL-Solar's New Wafer Manufacturing Facility.

MERRIMACK, N.H. -- GT Solar International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production technology, crystalline ingot growth systems and related PV manufacturing services for the solar industry, today announced that it has begun installation of its new DSS450HP[TM] crystalline growth systems at GCL's new wafer manufacturing facility. The new high performance crystalline growth systems are part of a large GCL purchase agreement reflected in the company's FY2010 year-ending backlog.

"GCL is a significantly important customer for us as we are working with both their polysilicon production and PV manufacturing businesses," said Tom Gutierrez, president and chief executive officer of GT Solar. "We are pleased that GCL has selected our new high performance DSS450HP crystalline growth system for their new wafer production line. We have put together an aggressive installation schedule and have allocated the necessary resources to meet GCL's timeline for bringing all the units on line demonstrating that we have the experience and depth of resources capable of handling a project of this magnitude and in meeting GCL's installation timeframe."

GT Solar is leveraging its depth of service personnel located in China and its flexible manufacturing model to ramp production, ship and install the DSS450HP systems in GCL's new wafer manufacturing facility. A dedicated team of field service personnel will rotate through GCL's facility to ensure that installation and acceptance of the systems goes smoothly.

About GT Solar International, Inc.

GT Solar International, Inc., based in Merrimack, NH, USA, is a leading global provider of polysilicon production technology, crystalline ingot growth systems and related PV manufacturing services for the solar industry. The company's products and services allow its customers to optimize their manufacturing environments and lower their cost of ownership, accelerating the drive towards grid parity. For additional information about GT Solar, please visit www.gtsolar.com.

Forward-Looking Statements

Some of the statements in this press release are forward-looking in nature, including statements regarding expected revenue from a customer contract. These statements are based on management's current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside the Company's control, which could cause actual events to differ materially from those expressed or implied by the statements. Factors that may cause actual events to differ materially from those expressed or implied by our forward-looking statements include the possibility that the Company is unable to recognize revenue on customer contracts, that technological changes could render existing products or technologies obsolete, the Company may be unable to protect its intellectual property rights, competition from other manufacturers may increase, exchange rate fluctuations and conditions in the credit markets and economy may reduce demand for the Company's products and various other risks as outlined in GT Solar International, Inc.'s filings with the Securities and Exchange Commission, including the statements under the heading "Risk Factors" in the Company's annual report on Form 10-K for fiscal 2010 filed on June 4, 2010. Statements in this press release should be evaluated in light of these important factors. GT Solar International, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
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Publication:Business Wire
Date:Jul 7, 2010
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