June 23rd 2011 09:28 pm
GT Solar (SOLR) Announces $3.75 Million Order For Sapphire Material From II-VI (IIVI)
GT Solar (SOLR) earlier this morning for $3.75 million for sapphire material from a subsidiary of II-VI (IIV) to be used in multi-spectral aerospace applications. Delivery of the material has already begun. This is a small order for SOLR but highlights the fact that the company can expand beyond just the LED market for its sapphire material. No wonder the stock still trades up around all time highs and continues its bullish technical action after a recent cup with handle breakout.
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Tags: Gt Solar, Material, Sapphire Material
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