Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Tuesday, June 22, 2021 · 544,483,789 Articles · 3+ Million Readers

GT Solar Books $200 Million Of Orders

February 26, 2010 (FinancialWire) — GT Solar International, Inc. (NASDAQ: SOLR), a provider of specialized production equipment, process technology and manufacturing services for the solar power industry, said it has signed new contracts totaling more than $200 million for its DSS450 ingot growth furnaces and ancillary equipment and services.

The company said that the new business includes a $137 million follow-on order from a large Chinese customer, as well as orders from Tianwei New Energy Holdings Co, Ltd., Phoenix Photovoltaic Technology Co, Ltd., Yingli Green Energy Holding company Ltd., JA Solar Holding Co, Ltd., Taiwan-based Sino-American Silicon Products, and one other customer.

New Hampshire-based GT Solar booked the orders in its current fourth fiscal quarter and expects that revenue for these orders will be recognized in periods subsequent to the current fiscal year.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release