DGAP-News: GT Advanced Technologies to Participate at LED Forum Taipei 2013 Event October 16-17

DGAP-News: GT Advanced Technologies to Participate at LED Forum Taipei 2013 
Event October 16-17

GT Advanced Technologies 

14.10.2013 16:00
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Company to Present Update on HVPE System Development

MERRIMACK, N.H., 2013-10-14 16:00 CEST (GLOBE NEWSWIRE) --
GT Advanced Technologies (Nasdaq:GTAT) is participating in the LED Forum Taipei
2013 event being held in Taipei, Taiwan October 16-17, 2013. GT's Chief
Technology Officer, Dr. Raghavan, will discuss the key elements of HVPE GaN
system and the expected advantages the system will provide for manufacturers. 

Last May, GT announced that it would develop, manufacture and commercialize a
HVPE system incorporating Soitec Phoenix Labs' (a subsidiary of Soitec) unique
and proprietary HVPE technology including its novel and advanced source
delivery system that is expected to lower the costs of precursors delivered to
the HVPE reactor. The HVPE system will enable the production of low cost GaN
templates on sapphire at scale. GT estimates that its HVPE system could lower
precursor costs by greater than 80 percent while improving the throughput of
expensive MOCVD tools and lowering CAPEX costs by up to 25 percent. The
expected target date for the commercial availability of the HVPE system is the
second half of 2014. 

A link to the LED Forum Taipei 2013 conference agenda can be found at
http://seminar.ledinside.com/Ledforum/current/US/agenda/. GT's presentation can
be found on the company's web site at http://investor.gtat.com/events.cfm. 

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 Company's ability to successfully develop and commercialize its HVPE
technology, the expected advantages the HVPE system will provide for
manufacturers; the Company's intent to develop, manufacture and commercialize
an HVPE system incorporating HVPE technology including source delivery system
that is expected to lower the costs of precursors delivered to the HVPE
reactor; the Company's HVPE system will enable the production of low cost GaN
templates on sapphire at scale; GT's estimates that its HVPE system could lower
precursor costs by greater than 80 percent while improving the throughput of
expensive MOCVD tools and lowering CAPEX costs by up to 25 percent; and the
Company expects the commercial availability of the HVPE system in the second
half of 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 the Company's equipment, general economic conditions and the tightening
credit markets having an adverse impact on demand for the Company's products,
trade disputes involving China (and other countries), limited sales of PV
equipment 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 quarter ended June 29, 2013. 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: Media
         Jeff Nestel-Patt
         jeff.nestelpatt@gtat.com
         603-204-2883
         
         Investors/Analysts
         Ryan Flaim
         ryan.flaim@gtat.com
         603-681-3869
News Source: NASDAQ OMX



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Language:     English
Company:      GT Advanced Technologies
              
               
              United States
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         US36191U1060
WKN:          
 
End of Announcement                             DGAP News-Service
 
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