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Last €0.24 EUR
Change Today -0.036 / -12.90%
Volume 15.2K
DM2 On Other Exchanges
As of 1:37 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

gt advanced technologies inc (DM2) Snapshot

Previous Close
Day High
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52 Week High
10/10/14 - €0.85
52 Week Low
08/14/15 - €0.03
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Average Volume 10 Days
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Dividend Yield

gt advanced technologies inc (DM2) Related Businessweek News

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gt advanced technologies inc (DM2) Details

GT Advanced Technologies Inc., a technology company, provides materials and equipment for the solar, light emitting diode (LED), and electronics industries worldwide. The company operates through three segments: Sapphire, Polysilicon, and Photovoltaic (PV). The Sapphire segment provides advanced sapphire crystallization furnace systems used to produce sapphire boules; and sapphire materials for a range of other industrial and consumer applications, including medical devices, dental, oil and gas, and watch crystals, as well as specialty optical applications, such as low absorption optical sapphire for advanced optics and Titanium-doped sapphire material for high power lasers. The Polysilicon segment offers silicon deposition reactors; equipment, technology, and engineering services for the production and purification of trichlorosilane and silane; and engineering services. This segment also provides ancillary equipment and technologies for producing seed rods. The PV segment is engaged in the development, manufacture, and sale of crystallization growth furnaces to produce silicon ingots used in the production of solar wafers. This segment offers directional solidification system (DSS) multicrystalline and MonoCast casting furnaces; ancillary equipment, such as crucible coating stations, crucible manipulators, loaders/unloaders, extraction tools, and other material handling systems; and PV parts and services. GT Advanced Technologies Inc. sells its equipment and services to polysilicon producers, solar wafer manufacturers, and sapphire producers through direct sales force and indirect sales representatives. The company was formerly known as GT Solar International, Inc. and changed its name to GT Advanced Technologies Inc. in August 2011. GT Advanced Technologies Inc. was founded in 1994 and is headquartered in Merrimack, New Hampshire.

365 Employees
Last Reported Date: 03/3/15
Founded in 1994

gt advanced technologies inc (DM2) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $769.5K
Chief Administrative Officer, Vice President,...
Total Annual Compensation: $769.5K
Compensation as of Fiscal Year 2013.

gt advanced technologies inc (DM2) Key Developments

GT Advanced Technologies Inc to Cut Global Workforce

GT Advanced Technologies announced its decision to reduce the number of its workforce globally and to cut its operating expenses as part of its ongoing restructuring efforts. According to the company, its planned workforce and operating expenses reduction will be approximately 40%. GT Advanced Technologies said all of its locations and business functions around the world will be affected.

GT Advanced Technologies Inc. Announces Executive Changes

GT Advanced Technologies Inc. announced that Tom Gutierrez is retiring from the company and has resigned as Chief Executive Officer and as a director. The Board of Directors has appointed David Keck, Executive Vice President and General Manager of the Polysilicon and Photovoltaic business, as the new Chief Executive Officer, effective immediately. Mr. Keck, who has been with the company since 2006, was previously Executive Vice President, Worldwide Sales and Services, based in Hong Kong (with responsibility for ASF sales until early 2014), and has nearly 20 years of experience in the design, operation, sales, marketing, and management of polysilicon facilities. The Board of Directors has also appointed Mr. Keck, along with Hoil Kim, Vice President, Chief Administrative Officer and General Counsel and Raja Bal, Chief Financial Officer, to a newly established Office of the Chairman, which will oversee the company's chapter 11 matters, reporting to the Restructuring Committee of the Board. Mr. Gutierrez will remain an employee of the company through the end of August to assist with an orderly transition. The company also announced that Jeffrey Ford, a member of senior management who has been responsible for Asia sales in various roles since 2006, will report to Mr. Keck and resume responsibility for the sales of ASF furnaces.

GT Advanced Technologies Inc. Reports Consolidated Earnings Results for the Period from May 31, to June 27, 2015

GT Advanced Technologies Inc. reported consolidated earnings results for the period from May 31, to June 27, 2015. For the period, the company reported revenue of $3,647,000, loss from operations of $88,000, loss before tax of $6,278,000, net loss from continuing operations of $6,249,000 and net loss of $6,471,000.


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