-- Expanding Manufacturing Capacity to Meet Rapidly Growing Demand --
NASHUA, N.H.--(BUSINESS WIRE)--Advanced RenewableEnergy Company, LLC (ARC Energy), a provider of innovative c-axis sapphire growth technologies and turnkey solutions for the LED solid-state lighting and other clean energy markets, today announced that it has signed $96.9 million in additional new contracts with two leading Asian manufacturers. Under the terms of the agreements, ARC Energy will provide each customer with LED sapphire manufacturing equipment and technology, including highly automated, leading edge, c-axis Controlled Heat Extraction System (CHESTM) Furnaces, and additional turnkey solutions and services.
Also today, ARC Energy announced that it is expanding its manufacturing facility by 30,000 square feet. The expansion, which is scheduled for completion in the 4th quarter of 2011, will triple ARC Energy's manufacturing capacity, enabling the company to become one of the largest LED sapphire furnace suppliers in the world.
"Many manufacturers are now installing and operating ARC Energy's technology for mass production of large diameter sapphire," said Hap Hewes, ARC Energy's senior vice president. "These new contracts and our planned capacity expansion highlight the advantages of our unique c-axis sapphire platform and ARC Energy's associated turnkey solutions. We are pleased by our progress and our continued success in the marketplace."
ARC Energy's proprietary c-axis technology is superior to other sapphire growth technologies. c-axis wafers are the optimum orientation for LED applications and, when compared with conventional a-axis technologies, c-axis growth leads to higher material utilization and lower overall costs. ARC Energy's offerings include CHES Furnaces, highly automated "c-axis" growth furnaces that are used to produce sapphire boules; a number of turnkey solutions such as material handling, inspection, core fabrication and material recycling; and, world class services such as setup and installation followed by localized training and support by highly skilled field service and account management teams.
About ARC Energy
Headquartered in Nashua, N.H., the Advanced RenewableEnergy Company, LLC (ARC Energy), was founded in 2007 to commercialize cutting-edge technologies for LED and other clean energy markets. ARC Energy provides highly automated and efficient large diameter sapphire crystal growth and processing systems to enable rapid scale production and cost reduction of LEDs. For additional information about ARC Energy, please visit www.arc-energy.com.
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