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February 19, 2015 08:00 ET | Source: GT Advanced Technologies
MERRIMACK, N.H., Feb. 19, 2015 (GLOBE NEWSWIRE) -- GT Advanced Technologies Inc., (OTC:GTATQ), today announced that it has received a new order with an existing customer in Asia for equipment used in the production of Trichlorosilane (TCS) as part of the Hydrochlorination process. The order incorporates the sale of multiple, advanced heating systems that increase the conversion of TCS in the Hydrochlorination Fluid Bed Reactor by as much as 10% over traditional conversion rates.
"We are pleased to have the opportunity to provide our customers with upgrades to their existing facilities as we continue to develop the next generation of higher efficiency TCS production equipment," said Dave Keck, vice president and general manager of GT's solar business. "Producers must operate their plants at the highest levels of productivity and efficiency to remain profitable. Our suite of polysilicon production equipment and technology enables customers to produce silicon at one of the lowest costs in the industry, which strengthens their competitive advantage."
About GT Advanced Technologies Inc.
GT Advanced Technologies Inc. is a leading diversified technology company producing advanced materials and innovative crystal growth equipment for the global consumer electronics, power electronics, solar and LED industries. Its technical innovations accelerate the use of advanced materials, enabling a new generation of products across this diversified set of global markets. For additional information about GT Advanced Technologies,
Sentiment: Strong Buy
Fuel Cell Makers Seek an American Foothold
Lisa Jerram — March 18, 2015
In the United States, the topic of fuel cells is very often greeted with skepticism. One prominent fuel cell skeptic, Tesla founder Elon Musk, recently called fuel cell cars a silly idea.
So it’s interesting to compare that to the respect still given to fuel cell technology in Japan, where the 2015 FC Expo recently took place. The FC Expo is one of the largest fuel cell conferences in the world and attracts attendees from around the world. But the audience is predominantly from the Asia Pacific region, and the level of interest in the potential of fuel cells is dramatically different than in the United States. Japan and South Korea, in particular, are two of the biggest markets for fuel cell deployments to date.
Japan’s ENE FARM program has supported the deployment of 100,000 fuel cell combined heat and power systems in Japanese homes. At the Expo, companies like Toshiba, Panasonic, and Aisin Seiki spoke about their commitment to the Japanese residential fuel cell program, which aims to sell over 1 million fuel cell CHP units in Japan by 2020. South Korea’s POSCO Energy has developed the 59 MW Gyeonggi Green Energy fuel cell park and built a 200 MW capacity manufacturing plant for the molten carbonate fuel cell that utilizes FuelCell Energy’s technology.
Sentiment: Strong Buy