GT Advanced Technologies Receives $29M Order

GT Advanced Technologies

today announced that it received a $29 million follow-on order for ASF™ units from an existing ASF customer in China. The company believes the units will be used to produce sapphire for the mobile device market. The order is scheduled for delivery by the end of CY12 and the expected revenue is included in the company's CY12 revenue range of $925 million to $975 million that it reiterated today in a separate press release. GT also indicated that it and several of its ASF customers have entered into evaluation agreements or are, in conjunction with fabrication partners, actively sampling ASF-grown sapphire screens for use in mobile and point of sale (POS) devices. GT continues to believe the sapphire mobile device opportunity will contribute to a significant inflow of ASF orders in the second half of CY13.