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GT Solar (SOLR) Adds LED Manufacturing With Purchase Of Crystal Systems

GT Solar (SOLR) has made a very interesting move this morning.  The company is diversifying its manufacturing operations and adding LED manufacturing to its solar ingot manufacturing business.  Smart move.  They purchased privately held Crystal Systems of Salem, MA which manufacturers large area sapphire substrates used in LED lighting, defense, medical and aerospace industries.

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GT Solar is paying $24 million in cash, 5.4 million shares … Read the rest