GT Solar Signs $49M Polysilicon Reactor Contract with Nitol Group

GT Solar Incorporated, a global leader in photovoltaic
technologies and equipment, announced today it has signed a $49
million contract to sell polysilicon reactors to the Russian company,
Nitol Group. GT Solar's reactors and silicon tetrachloride converters
will be installed at Nitol's production facility in Irkutsk, Siberia.

GT's VP for Polysilicon, David Keck, said: "We are pleased to be
working with Nitol Group - a company that has a great deal of
experience in the production of Tricholorosilane (TCS) which is used
to produce polysilicon."

GT Solar President, Tom Zarrella added: "This contract is a
significant step in the development of GT's position in the
polysilicon market. Our strategy is to enable new manufacturers of
polysilicon to enter the market."

Nitol Group President, Dmitry Kotenko, said: "GT Solar's
experience in the manufacture of reactors and other PV equipment is a
perfect match with Nitol's experience as a producer of silicon organic
gases. Nitol is on track to be the most competitive polysilicon and
wafer producer in the fast growing PV industry."

GT Solar Incorporated is a leading provider of essential
technology, equipment and turnkey manufacturing solutions across the
photovoltaic supply chain worldwide. Based in Merrimack, NH (USA), the
company's products include equipment used to produce multi-crystalline
solar wafers, cells and modules. It has a global blue-chip customer
base. GT recently expanded its product line to include polysilicon
reactors - devices that allow customers to product the polysilicon
from which solar wafers are made. For more information, go to
www.gtsolar.com.

Nitol Group is a Russian vertically integrated chemical company
with major areas of operations in chemical industry project management
for projects ranging from business plan development to launching new
production facilities and the marketing of chemical products. The
company focus is on the chlorine sector of the chemical industry.
Nitol, which also has an office in Shenyang, China, operates a number
of production facilities in Eastern Siberia. For more information, go
to www.nitol.ru.