Ultimate Clincher of Whooping deals worth $336 million
Boston, MA 03/27/2014 (wallstreetpr) – The Ace player in the supply market of manufacturing gear, GT Advanced Technologies Inc (NASDAQ:GTAT) hassealed a $336 million contract for the supply of a unit of Cosmos Petroleum and Mining Sdn. It also enumerated supply of other equipments needed for photovoltaic production plant situated in Malaysia. It is steadily growing towards its peek and is expected to produce a mind-boggling figure of 25,000 metric tons of polysilicon per year. It is also highly profitable as the graph of polysilicon market is soaring high and witnessing a balance between demand and supply. (Brushing it away thinking it as just a speculation? Well then it’s time for some correction alarm!) So according to facts, the Graph of polysilicon that is present in solar wafers has seen a hike of 10 percent this very year.
GT Advanced Technologies Inc (NASDAQ:GTAT) has rose up to more than six times in the previous year and it’s still growing strong.
Move towards elimination of costly silver wiring
GT Advanced Technologies Inc (NASDAQ:GTAT) is known for its revolutionizing innovative technologies. It has coined a new advanced design for facilitating the flow of electricity via solar cells. And the good news is it can lower down the module costs as low as 10 per cent. The GT Merlin process related to metallization process has potential to replace the three-layered lines of silver that is spread through the cells. (Wondering why it is of such a great significance?) That’s because according to GTM’s recent research update on the silicon technology- the cost of silver scattered through the cells is the largest cost in the cell”. Then another impressive advancement is that GT Merlin can be fitted easily into already existing lines that manufacture cell. The concept is striking example of the cutting edge technology as it emphasizes and contributes to some of the most critic areas in both manufacturing and module process.
