GT Advanced Technologies Inc fka GTAT

[FerdinandDaBull]

August 11, 2014
GT Advanced Technologies Announces Merlin(TM) Metallization and Interconnect Technology

http://investor.gtat.com/releasedetail.cfm?ReleaseID=865530

"We are in active discussions with select lead customers who continue to validate the unique value proposition of Merlin as it is substantially differentiated from the traditional three busbar-based modules as well as the various flavors of multi-wire busbar solutions," continued Murali. "Our comprehensive testing of Merlin goes beyond what is traditionally required for such a product. We are taking this approach in order to ensure a smooth and seamless integration into our customers' manufacturing lines when we roll this out in 2015."

The company estimates that if Merlin achieved a market penetration in the eight to twenty percent range by 2018 it could represent a $400 million to $1 billion business. The company has already begun shipping sample quantities of Merlin grids to its lead customers and remains on track to commercially release Merlin in early 2015.