| [February 22, 2013] |
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GT Advanced Technologies Appoints Linda Reinhard as Vice President, New Business Development and Product Management
NASHUA, N.H. --(Business Wire)--
GT Advanced Technologies Inc. (NASDAQ: GTAT) today announced the
appointment of Linda Reinhard as vice president, new business
development and product management for the company's sapphire, DSS™ and
HiCz™ products reporting to Dan Squiller, GT's chief operating officer.
Reinhard will be responsible for leading GT's growth into new market
segments and driving the product roadmap to capitalize on these new
opportunities including sapphire for cover and touch screen applications.
"Linda brings deep experience and a proven track record in both product
management and new business development," said Dan Squiller, GT's chief
operating officer. "Linda's initial focus will be on growing our
sapphire material and ASF equipment business, particularly new
opportunities in the cover and touch screen markets. She has extensive
experience in Asia as well as in the mobile device segment which we
believe could be a significant area of opportunity for our sapphire
business. Linda will also drive our product management and new business
development for HiCz and our traditional PV business."
Reinhard received her BSEE from University of Illinois and an MBA from
The Kellogg Graduate School of Management. She has over 20 years of
experience with leading technology companies including Motorola, Cisco (News - Alert),
Nokia, and H-P holding senior level positions in new business
development, marketing, sales, and product management. She has lived in
Asia and has extensive experience in China and Asia Pacific evangelizing
and introducing new products to major OEMs. Reinhard will be located in
GT's headquarters in Merrimack, NH.
GT Showcases its Sapphire Cover and Touch Screen Material at MWC
February 25-28
GT also announced today that it is participating in the 2013 Mobile
World Congress, the world's largest mobile device event, February 25-28
in Barcelona, Spain where GT will showcase its cover and touch screen
sapphire material.
"Our goal for the show is to continue educating the market about the
unique properties of GT's ASF-grown sapphire material for cover and
touch screen applications," said Linda Reinard, GT's vice president of
business development and product management. "ASF-grown sapphire's
durability and resistance to scratching makes it ideally suited for a
wide range of cover and touch screen applications from ruggedized
phones, camera covers, point of sale devices and smartphone and touch
screen devices. Other reinforced glass and cover screen technologies try
to emulate what ASF-grown sapphire does naturally."
GT will be exhibiting at MWC in Hall 5 Stand 5D32.
About GT Advanced Technologies Inc.
GT Advanced Technologies Inc. is a global provider of polysilicon
production technology and sapphire and silicon crystalline growth
systems and materials for the solar, LED and other specialty markets.
The company's products and services allow its customers to optimize
their manufacturing environments and lower their cost of ownership. For
additional information about GT Advanced Technologies, please visit www.gtat.com.
Forward-Looking Statements
Some of the information in this press release relates to future
expectations, plans and prospects for our 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, all statements regarding
continued growth and diversification of the company as it pursues new
markets including sapphire material for cover and touch devices, the
expected performance of sapphire for mobile devices and other products
when used as a protective screen, and future increases in investments in
research and development and diversification of the business and revenue
streams. 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. These factors may include the possibility that
the company is unable to recognize revenue on contracts in its order
backlog. We cannot guarantee that our bookings or order backlog
will result in actual revenue in the originally anticipated period or at
all, which could reduce our revenue, profitability and liquidity. 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 for having an
adverse impact on demand for our 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 fiscal quarter ended
September 29, 2012. 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.

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