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GT Advanced Technologies Acquires Assets of Twin Creeks Technologies



  GT Advanced Technologies Acquires Assets of Twin Creeks Technologies

  Company’s Hyperion™ Ion Implanter Technology Produces Thin Substrates for
     Applications in Several Emerging Markets with High Growth Potential

Business Wire

NASHUA, N.H. -- November 14, 2012

GT Advanced Technologies Inc. (NASDAQ: GTAT) today announced it has acquired
certain capital assets and intellectual property of Twin Creeks Technologies,
Inc., a privately owned company that has developed an ion implanter technology
that enables the production of lower cost thin substrates with minimal
material (kerf) loss. The assets were purchased from Twin Creeks’ lenders in a
private sale for approximately $10 million and royalties that will be based on
future sales.

GT expects that Twin Creeks’ unique Hyperion™ ion implanter technology will
have broad application in the production of engineered substrates for power
semiconductors and thin wafers for solar applications. In addition, GT expects
to pursue the development of thin sapphire laminates for use in applications
such as cover and touch screen devices. The Hyperion ion implanter has the
potential to minimize, or in some cases eliminate, the need for wafering saws,
which would significantly lower the cost of production.

The assets acquired by GT relate primarily to the Hyperion ion implanter as
well as Twin Creeks’ portfolio of approximately 30 granted US patents and over
70 pending US and international patent applications. GT’s ion implanter
engineering team will be based in Danvers, MA.

“Hyperion’s unique ion source and beamline design will enable a wide range of
exfoliation applications in markets where thin silicon, silicon carbide,
sapphire, germanium and other crystalline material substrates can enable
breakthroughs in performance and cost," said Vikram Singh, executive vice
president of advanced systems development. “Hyperion will enable the
production of high throughput and optimum thickness substrates that can not be
achieved with other ion implant technologies."

“The acquisition of these assets from Twin Creeks, coupled with our
operational expertise and proven ability to commercialize innovative
technology will allow us to develop a new line of products that can deliver
advancements in performance and value in the core markets we serve today as
well as new markets that we have identified. We are particularly excited about
the potential applications in the cover and touch screen markets,” said Tom
Gutierrez, president and chief executive officer of GT. “This continues GT's
strategic diversification into new and promising markets with technology that
delivers superior value to customers over existing products currently
available.”

GT expects to start the commercialization of this technology in late 2014.

The company will provide additional commentary on this technology during its
webcasted presentation at the UBS Global Technology Conference tomorrow,
November 15^th at 10:00 am ET. The presentation will be webcast on a live and
archived basis and can be accessed in the ‘Events and Presentations’ section
of GT’s Investor Relations website at http://investor.gtat.com.

About GT Advanced Technologies Inc.

GT Advanced Technologies Inc. is a diversified technology company with
innovative crystal growth equipment and solutions for the global solar, LED
and electronics industries. Our products accelerate the adoption of new
advanced materials that improve performance and lower the cost of
manufacturing. For additional information about GT Advanced Technologies,
please visit www.gtat.com.

Forward-Looking Statements

Certain of the information in this press release relate to the Company’s
future expectations, plans and prospects for its business and industry that
constitute "forward-looking statements" for the purposes of the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995, including
but not limited to: the Hyperion™ Ion Implanter technology produces thin
substrates for applications in several emerging markets with high growth
potential; the Company expects that the Hyperion™ ion implanter technology
will have broad application in the production of engineered substrates for
power semiconductors and thin wafers for solar applications; the Company
expects to pursue the development of thin sapphire laminates for use in
applications such as cover and touch screen devices; the Hyperion ion
implanter has the potential to minimize, or in some cases eliminate, the need
for wafering saws, which would significantly lower the cost of production;
Hyperion’s ion source and beamline design will enable a wide range of
exfoliation applications in markets where thin silicon, silicon carbide,
sapphire, germanium and other crystalline material substrates can enable
breakthroughs in performance and cost; Hyperion will enable the production of
high throughput and optimum thickness substrates that cannot be achieved with
other ion implant technologies; he Hyperion technology will allow the Company
to develop a new line of products that can deliver advancements in performance
and value in the core markets we serve today as well as new markets that we
have identified; expectation that there will be potential applications in the
cover and touch screen markets; and GT expects to start the commercialization
of this technology in late 2014.. These forward-looking statements are not a
guarantee of performance and are subject to a number of uncertainties and
other factors, many of which are outside the Company's control, which could
cause actual events to differ materially from those expressed or implied by
the statements. Other factors that may cause actual events to differ
materially from those expressed or implied by our forward-looking statements
include the impact of continued decreased demand and/or excess capacity in the
markets for the output of our solar and sapphire equipment, general economic
conditions and the tightening credit market having an adverse impact on demand
for the Company’s products, the possibility that changes in government
incentives may reduce demand for solar products, which would, in turn, reduce
demand for our equipment, technological changes could render existing products
or technologies obsolete, the Company may be unable to protect its
intellectual property rights, competition from other manufacturers may
increase, exchange rate fluctuations and conditions in the credit markets and
economy may reduce demand for the Company's products and various other risks
as outlined in GT Advanced Technologies Inc.'s filings with the Securities and
Exchange Commission, including the statements under the heading "Risk Factors"
in the company's quarterly report on Form 10-Q for the fiscal quarter ended
September 29, 2012. Statements in this press release should be evaluated in
light of these important factors. The statements in this press release
represent GT Advanced Technologies Inc.'s expectations and beliefs as of the
date of this press release. GT Advanced Technologies Inc. anticipates that
subsequent events and developments may cause these expectations and beliefs to
change. GT Advanced Technologies Inc. is under no obligation to, and expressly
disclaims any such obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events, or
otherwise.

Contact:

GT Advanced Technologies
Media
Jeff Nestel-Patt, 603-204-2883
jeff.nestelpatt@gtat.com
or
Investors/Analysts
Ryan Blair, 603-681-3869
ryan.blair@gtat.com
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