GT Solar (SOLR) Announces $3.75 Million Order For Sapphire Material From II-VI (IIVI)

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02:45:20 pm on June 13, 2011

GT Solar (SOLR) announced an order earlier this morning for $3.75 million for sapphire material from a subsidiary of II-VI (IIV) to be used in multi-spectral aerospace applications.  Delivery of the material has already begun.  This is a small order for SOLR but highlights the fact that the company can expand beyond just the LED market for its sapphire material.  No wonder the stock still trades up around all time highs and continues its bullish technical action after a recent cup with handle breakout.

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“We are pleased that Exotic Electro-Optics has selected GT Crystal Systems and we look forward to continuing our relationship in the years to come,” said Cheryl Diuguid, vice president and general manager of GT Solar’s sapphire material and equipment business unit. “Our ASF-grown sapphire material is recognized worldwide for its high quality optical performance that can support the most stringent applications. The scalability of our ASF crystal growth technology allows us to produce sapphire material capable of meeting the large diameters required for this program.”

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