Rubicon Technology Announces 2012 Customer Contract Valued at $20M

Rubicon Technology, Inc. (NASDAQ: RBCN) announced today that it has entered into a new contract with its largest customer for large-diameter sapphire wafers. The amount of the contract is $20 million, and it represents a baseline level of shipments that will be made from June through December 2012. The previous contract expired at the end of December.