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GT Solar Co-Founder & CEO Retires


    GT Solar Incorporated Co-Founder and CEO, Dr. Kedar Gupta, will
    retire from the company on December 31, 2006. Company President, Tom
    Zarrella, will lead the company and report to the Board of Directors.

    Kedar Gupta co-founded the company with his long time business
    partner, Jon Talbott, in 1994 with $1,000 between them, then led the
    company for the past 12 years as Chairman and CEO. During that time,
    GT Solar has grown to 120 employees with record revenues, bookings and
    profitability. The company is in a leading position in the solar PV
    industry worldwide with its cutting edge technologies and equipment.
    Dr. Gupta leaves the company in excellent condition to serve the
    future needs of the solar PV industry.

    "I am humbled by this success," said Gupta. "I owe a sincere thank
    you to the outstanding employees of GT Solar, to the customers who
    believe in what we do, and to individuals in New Hampshire who
    supported this company in the beginning and ever since. But I am also
    excited by my future plans to help entrepreneurial companies in New
    Hampshire and other parts of the world grow and succeed like GT
    Solar."

    GT Solar President, Tom Zarrella, said: "GT has great technology,
    a strong brand and important relationships with market-leading solar
    companies all over the world. Our order backlog at the moment is in
    excess of $190 million. It was $54 million at the beginning of the
    year. Dr. Gupta led us to this exciting position, and his
    entrepreneurial spirit, his drive to innovate, and his sense of
    customer satisfaction are deeply ingrained in the company. Now we look
    forward to the challenge of taking GT Solar to the next level."

    GT Solar Incorporated is a leading provider of essential
    technology, equipment and turnkey manufacturing solutions across the
    photovoltaic supply chain. Based in Merrimack, New Hampshire (USA),
    the company's products include equipment used to produce
    multi-crystalline solar wafers, cells and modules. GT recently
    expanded its product line to include poly-silicon reactors - devices
    that allow its customers to produce the poly-silicon from which solar
    cells are made.