Tag Archives: jiangxi sornid

GT Solar (SOLR) Gets $20 Million Solar Ingot Furnace Deal In China

GT Solar (SOLR) has announced a $20 million order from Jiangxi Sornid Hi-Tech for GT Solar’s GT-DSS450 ingot growth furnaces and ancillary equipment and services.  Revenues are expected to be recognized in future quarters.

SOLR CEO Tom Gutierrez commented on the growth in China, saying, “We are seeing an increase in bookings for our GT-DSS450 furnaces in China as customers begin to add new production capacity to position themselves for the next phase of growth … Read the rest