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News Breaks
January 10, 2013
08:40 EDTGTATGT Advanced to idle HiCz materials pilot manufacturing facility in St. Louis, MO
GT Advanced Technologies is transitioning to a functional organizational structure from its prior business unit organization as it continues to streamline operations and position the company for growth once the markets it serves start to recover. Under the new structure, sales, service and worldwide operations will be centralized under the leadership of Dan Squiller, who will continue to report to president and CEO Tom Gutierrez. Dave Keck, formerly general manager, polysilicon and photovoltaic equipment, will lead the company’s sales and service across all businesses, reporting to Squiller. Jeff Ford, vice president of DSS business development, will continue to have responsibility for GT's DSS business, leveraging his extensive industry knowledge and experience to ensure that GT continues to support its DSS customer base as the company transitions to next generation PV technologies. As part of the reorganization of resources, the company is shifting final development and beta build activities for its HiCz product to its Merrimack, NH facility and will be idling its HiCz materials pilot manufacturing facility in St. Louis, MO. As a result, the company will layoff approximately 35 employees in St. Louis. These employees will be provided severance pay, health and dental benefits and outplacement services. GT remains committed to the commercialization of the HiCz platform, a next generation PV furnace that will produce N-type silicon wafers to help make more efficient solar cells, and improve the economics for PV manufacturers by lowering the cost per watt of solar energy. The company expects to be ready to offer the HiCz product by mid-2013, but given current market conditions in the PV industry, orders for the new generation systems may not occur until 2014 when the industry begins to recover.
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December 16, 2014
06:16 EDTGTATGT Advanced's settlement with Apple approved by bankruptcy court, WSJ reports
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