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| 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 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
“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
“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 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
About
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 Source:
GT Advanced Technologies
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