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Merrimack, New Hampshire-based GT Solar International, Inc. [8] (NASDAQ: SOLR [9]), a leading global provider of specialized equipment and technology for the solar power industry, has announced the availability of its Silane Production Package.
This package is a bundled solution that enables manufacturers of solar cells to secure local sources of silane gas (SiH4), an explosive and toxic, but widely used chemical compound for producing thin silicon layers in photovoltaic and semiconductor products.
The Silane Production Package provides all essential equipment and engineering—including a modular silane production plant, complete with piping, instruments, and analytical equipment; as well as design, fabrication, quality control, training and technical support services—allowing companies to construct their own plants capable of delivering silane gas within 24 months.
"Increased demand from the semiconductor, photovoltaic, and flat panel display industries has resulted in shortages of silane gas accompanied by rising prices," Dave Keck [10], vice president and general manager of GT Solar's polysilicon business said in a statement.
"As the need for silane gas continues to grow, companies around the globe are beginning to seek more secure solutions. With silane production a natural extension of our existing, well-proven polysilicon and trichlorosilane production plant capabilities, we believe we are well positioned to take advantage of these adjacent market opportunities."
The supplier of photovoltaic equipment this week posted first-quarter results that showed profit rose 51% [11] on higher income (boosted by new photovoltaic business and the addition of another turnkey wafer fabrication line), although earnings and revenue missed Wall Street estimates. Looking forward, it backed its full-year outlook of $0.45 cents to $0.60 cents a share on revenue of $450 million to $550 million.
GT Solar's margins and revenue has surged over the past year, with strong industry demand despite short-term concerns about sector growth. Its share price has more than doubled this year, after slumping in the second half of 2008 amid the throws of the global recession.
Once the solar industry rebounds, GT Solar should be well positioned for future growth.
Shannon Roxborough is a career freelance writer, editor and international consultant who has authored hundreds of articles for a variety of media. He's covered business, companies and investments spanning all sectors, including green energy and cleantech.
Any opinion contained in this article is solely that of the writers, and does not necessarily shapes or reflect the editorial opinions of Energy Boom.
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.
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[8] http://www.gtsolar.com/
[9] http://www.google.ca/finance?q=gt+solar
[10] http://www.ecoseed.org/index.php/general-news/green-business/corporate-communications/3031-gt-solar-offers-silane-production-package-
[11] http://www.businesswire.com/portal/site/gtsolar/template.NDM/menuitem.988d8f608479ed1197b11d10e6908a0c/?javax.portlet.tpst=20fbc9efb7900ee969918d296b965bac_ws_MX&javax.portlet.prp_20fbc9efb7900ee969918d296b965bac_newsLang=en&javax.portlet.prp_20fbc9efb7900ee969918d296b965bac_viewID=news_view&javax.portlet.prp_20fbc9efb7900ee969918d296b965bac_ndmHsc=v2*A1072962000000*B1249614724000*C4102491599000*DgroupByDate*J2*N1005277&javax.portlet.prp_20fbc9efb7900ee969918d296b965bac_newsId=20090804006276&beanID=149255164&viewID=news_view&javax.portlet.begCacheTok=com.vig
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[17] http://www.energyboom.com/category/tags/polysilicon
[18] http://www.energyboom.com/category/tags/pv-panels
[19] http://www.energyboom.com/category/tags/silane-gas
[20] http://www.energyboom.com/category/tags/silane-production-package
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[25] http://www.energyboom.com/category/industry-term/chemical
[26] http://www.energyboom.com/category/person/dave-keck
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