September 2, 2008

Merrimack, NH, USA: GT Solar Signs $173 Million Contract With DC Chemical

GT Solar has signed a $173 million contract with DC Chemical. Under the terms of the agreement, GT Solar will provide DC Chemical with polysilicon CVD reactors, which are used to manufacture polysilicon, a key raw material utilized to produce solar cells.

This latest agreement marks the third contract between the two companies since GT Solar began offering CVD reactors and related equipment in 2006.

“Higher global energy prices, increased environmental awareness and the desire for energy security are accelerating the adoption of solar power. In addition, governments around the world have implemented various tariffs, tax credits and other incentives designed to encourage the use of solar power,” said Tom Zarrella, president and chief executive officer for GT Solar International. “DC Chemical has constructed its first polysilicon plant, has begun manufacturing polysilicon, and recently announced a large-scale expansion. We are proud to be working with this forward-thinking company and pleased to support their expanding operations.”

“GT Solar has been a trusted provider of equipment and expertise to DC Chemical since we entered the high-value, high-growth polysilicon business more than two years ago,” said Mr. Shin, DC Chemical’s vice chairman. “We look forward to utilizing our new reactors to increase our polysilicon production capabilities at our existing facility in Gunsan, South Korea, and to strengthening our relationship with GT Solar.”

The agreement contemplates that GT Solar would begin to deliver reactors to DC Chemical in April 2009.

Further details about: GT Solar