GT Advanced Technologies Inc fka GTAT

[Netsurfer]

There was ample power from the public utility to run all the furnaces. What was missing was emergency, off grid backup should there be a loss of public utility power...which did happen at least once from what I heard.

In Salem NH GT had a HUGE battery bank that would keep the electronics running while several diesel generators came up to speed to power the heating elements that consumed 95% of the power needs.

Apple did not fund this part of the emergency backup power.

Gross yields were terrible. Losses from loss of cooling and power were part of the yield issue but even factoring out those losses yields were still pretty poor such that the economic goals could not be reached.