GT Advanced Technologies Inc. (NASDAQ:GTAT)

CAPS Rating: 4 out of 5

GT Solar International designs and manufactures equipment that is used to produce solar wafers and cells. It also provides services for the production of photovoltaic wafers, cells and modules, and polysilicon."

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Player Avatar psiumw (94.53) Submitted: 1/13/2013 3:11:45 PM : Outperform Start Price: $3.30 GTAT Score: +426.40

GT Advanced Technologies has bought an ultra-thin silicon wafer technology that it says will help reduce the price of producing solar electricity and creates new markets beyond solar for the company, said GT's CEO, Tom Gutierrez, on Thursday.The factory equipment developer snatched up Twin Creek Technologies’ thin wafer technology, called Hyperion, and a portfolio of patents for $10 million from Twin Creeks’ lenders. GT also agreed to pay royalties that will be based on how well it can sell the thin wafer equipment. GT plans to bring the Hyperion technology to market in late 2014.

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