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"Increased demand from the semiconductor, photovoltaic, and flat panel display industries has resulted in shortages of silane gas accompanied by rising prices," said Dave Keck, vice president and general manager of GT Solar's polysilicon business. "As the need for silane gas continues to grow, companies around the globe are beginning to seek more secure solutions. With silane production a natural extension of our existing, well-proven polysilicon and trichlorosilane production plant capabilities, we believe we are well positioned to take advantage of these adjacent market opportunities.
"Similar to what we are experiencing in polysilicon production, where GT Solar's efforts with new entrants are drastically augmenting polysilicon supply, we expect that our technology and know-how will help create a new class of regional competitors in the silane market. As a result, we anticipate that silane users will have more choice, and there will be a reduced reliance on the one, primary supplier that currently exists."
GT Solar's Silane Production Package is a modular equipment solution and basic engineering package that enables companies to construct silane plants and begin delivering silane gas within 24 months. The package includes design, fabrication, quality control, training and technical support services; as well as a modular silane production plant, complete with piping, instrumentation, and analytical equipment.
Silane (or monosilane) gas is one of the most widely used silicon-containing gases utilized in the production of the thin silicon layers that are the foundation for semiconductor and photovoltaic products, as well as flat panel displays.
About GT Solar
GT Solar International, Inc. (NASDAQ: SOLR | Quote | Chart | News | PowerRating) is a leading global provider of specialized manufacturing equipment and technology essential for the production of photovoltaic wafers, cells and modules and polysilicon for the solar power industry. The company's principal products are directional solidification systems and chemical vapor deposition reactors and related equipment. 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. 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 our control, which could cause actual events to differ materially from those expressed or implied by the statements. These factors may include our inability to manage our expansion effectively, the possibility of product liability claims, our inability to protect our intellectual property rights, increased competition from other manufacturers of equipment for PV products, changes in the PV industry, risks associated with doing business in foreign countries and various other risks as outlined in GT Solar International, Inc.'s filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K dated June 9, 2009. 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.
SOURCE: GT Solar
GT Solar Media Susan Vaillancourt, 603-589-3782 susan.vaillancourt@gtsolar.com or Investors/Analysts Bob Blair, 603-681-3869 bob.blair@gtsolar.com
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