GT Advanced Technologies Inc fka GTAT

[Netsurfer]

Merlin: Does any one really know what the revenue stream is based on? Hardware or licensing fees. I do not think that GT is making this equipment...so My assumption is a licensing fee.

http://web.stanford.edu/group/mcgehee/presentations/McGehee's%202014%20Energy%20Seminar.pdf

This is an interesting article on Si PV with some current and projected manufacturing cost. See pages 9 and 10.
Merlin will have an affect on the "Metal paste" portion which is 0.44% of the projected cost of a module in 2020. Merlin is supposed to reduce this cost by something like 1/3d so all things being equal that part of the cost will decrease to about 0.3%

GT's revenue stream will be based on that part of the equation and not on Waree's gross revenue so although it has potential it is not a big part of the solution.

Merlin was acquired when GT bought Thermal Technologies I believe and that has been sold off. GT's core competencies ....its roots going back to Gupta and Talbot was crystal growth. They dabbled with wire saws, Stringer / tabbers and a few other ancillary technologies with little success and Merlin is an ancillary technology with respect to GT's roots.

Hyperion seemed like a better fit with respect to exfoliating single crystal Silicon for PV at least from a technology standpoint. Apparently the economics were daunting to get it to full commercialization.

FWIW