GT Solar Incorporated, a key global provider of a comprehensive
range of equipment, services and technology solutions to the solar
power industry, announced today that it has entered into a contract to
supply Trina Solar (Lianyungang) Co., Ltd., a subsidiary of Trina
Solar, Ltd. (NYSE: TSL) with polysilicon reactors and converters worth
$49 MM. The equipment will be used by Trina Solar in conjunction with
the company´s announced plans to build and operate a multi-phased
polysilicon production facility in Lianyungang, located in China´s
Jiangsu Province. The contract is subject to the approvals by the
boards of both companies.
This $49 MM contract is for GT Solar´s latest technology 48 rod
chemical vapor deposition reactor and silicon tetrachloride (STC)
hydrogenation conversion units, which convert STC to trichlrosilane
(TCS).
GT Solar CEO, Thomas Zarrella, noted, "We are pleased to announce
that this latest contract with Trina Solar reflects GT Solar´s
strategic role in meeting the global demand for polysilicon, which is
a basic material for the manufacture of solar cells. Our technology
and equipment continue to help the solar power industry meet the
growth in product demand while helping the industry drive down the
cost per kilowatt hour."
GT´s VP for Polysilicon, David Keck, said: "Trina Solar is a
recognized leader in manufacturing high quality monocrystalline and
multicrystalline photovoltaic modules and is an important client to
our team here at GT Solar. Trina Solar is focused on developing a
strong brand in the marketplace, investing continuously in its
technology platform and ensuring a low cost position, and we look
forward to continuing to play a role in their success."
Jifan Gao, Chairman and CEO of Trina Solar, said: "As a customer
of GT Solar, we have come to value GT´s superior technology and
equipment, and look forward to working together to continue to lower
manufacturing costs as we increase our capacity and execute on our
growth strategy."
About GT Solar Incorporated
GT Solar Incorporated is a wholly owned subsidiary of GT Solar
International, Inc., and a key global provider of manufacturing
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 Solar also manufactures polysilicon
reactors, which allow its customers to produce polysilicon from which
solar wafers are made. For more information, go to www.gtsolar.com.
About Trina Solar
Trina Solar Limited (NYSE: TSL), through its wholly-owned
subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized
manufacturer of high quality modules and has a long history as a solar
PV pioneer since it was founded in 1997 as a system installation
company. Trina Solar is currently one of the few PV manufacturers with
a vertically integrated business model from the production of
monocrystalline and multicrystalline ingots, wafers and cells to the
assembly of high quality modules. This integrated value chain helps to
ensure that high quality products can be delivered to its end
customers around the globe, including Germany, Spain and Italy. Trina
Solar´s solar modules provide reliable and environmentally- friendly
electric power for residential, commercial, industrial and other
applications worldwide. For further information, please visit Trina
Solar´s website at http://www.trinasolar.com.
Forward-Looking Statement
This press release contains forward-looking statements that are
subject to risks and uncertainties. These statements are indicated by
words such as "expect," "estimate," or similar expressions. In
particular, this press release contains forward-looking statements
about the expected future sales from the contract executive with Trina
Solar (Lianyungang) Co., Ltd. These statements are based upon
information available to GT Solar´s management as of the date hereof.
Actual results may differ materially from the anticipated results
because of certain risks and uncertainties, including, but not limited
to, the failure by either party to fulfill its obligations under such
contract. GT Solar undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time, except as required by law.
