NASHUA, N.H.--()--GT Advanced Technologies Inc. (NASDAQ: GTAT) today announced the appointment of Linda Reinhard as vice president, new business development and product management for the company’s sapphire, DSS™ and HiCz™ products reporting to Dan Squiller, GT’s chief operating officer. Reinhard will be responsible for leading GT’s growth into new market segments and driving the product roadmap to capitalize on these new opportunities including sapphire for cover and touch screen applications.
“Linda brings deep experience and a proven track record in both product management and new business development,” said Dan Squiller, GT’s chief operating officer. “Linda’s initial focus will be on growing our sapphire material and ASF equipment business, particularly new opportunities in the cover and touch screen markets. She has extensive experience in Asia as well as in the mobile device segment which we believe could be a significant area of opportunity for our sapphire business. Linda will also drive our product management and new business development for HiCz and our traditional PV business.”
Reinhard received her BSEE from University of Illinois and an MBA from The Kellogg Graduate School of Management. She has over 20 years of experience with leading technology companies including Motorola, Cisco, Nokia, and H-P holding senior level positions in new business development, marketing, sales, and product management. She has lived in Asia and has extensive experience in China and Asia Pacific evangelizing and introducing new products to major OEMs. Reinhard will be located in GT’s headquarters in Merrimack, NH.
GT Showcases its Sapphire Cover and Touch Screen Material at MWC February 25-28
GT also announced today that it is participating in the 2013 Mobile World Congress, the world’s largest mobile device event, February 25-28 in Barcelona, Spain where GT will showcase its cover and touch screen sapphire material.
“Our goal for the show is to continue educating the market about the unique properties of GT’s ASF-grown sapphire material for cover and touch screen applications,” said Linda Reinhard, GT’s vice president of business development and product management. “ASF-grown sapphire’s durability and resistance to scratching makes it ideally suited for a wide range of cover and touch screen applications from ruggedized phones, camera covers, point of sale devices and smartphone and touch screen devices. Other reinforced glass and cover screen technologies try to emulate what ASF-grown sapphire does naturally.”
GT will be exhibiting at MWC in Hall 5 Stand 5D32.
About GT Advanced Technologies Inc.
GT Advanced Technologies Inc. is a global provider of polysilicon production technology and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets. The company's products and services allow its customers to optimize their manufacturing environments and lower their cost of ownership. For additional information about GT Advanced Technologies, please visit www.gtat.com.
Forward-Looking Statements
Some of the information in this press release relates to future expectations, plans and prospects for our business and industry that constitute "forward-looking statements" for the purposes of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, all statements regarding continued growth and diversification of the company as it pursues new markets including sapphire material for cover and touch devices, the expected performance of sapphire for mobile devices and other products when used as a protective screen, and future increases in investments in research and development and diversification of the business and revenue streams. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside the company's control, which could cause actual events to differ materially from those expressed or implied by the statements. These factors may include the possibility that the company is unable to recognize revenue on contracts in its order backlog. We cannot guarantee that our bookings or order backlog will result in actual revenue in the originally anticipated period or at all, which could reduce our revenue, profitability and liquidity. Other factors that may cause actual events to differ materially from those expressed or implied by our forward-looking statements include the impact of continued decreased demand and/or excess capacity in the markets for the output of our solar and sapphire equipment, general economic conditions and the tightening credit market for having an adverse impact on demand for our products, the possibility that changes in government incentives may reduce demand for solar products, which would, in turn, reduce demand for our equipment, technological changes could render existing products or technologies obsolete, the company may be unable to protect its intellectual property rights, competition from other manufacturers may increase, exchange rate fluctuations and conditions in the credit markets and economy may reduce demand for the company's products and various other risks as outlined in GT Advanced Technologies Inc.'s filings with the Securities and Exchange Commission, including the statements under the heading "Risk Factors" in the company's quarterly report on Form 10-Q for the fiscal quarter ended September 29, 2012. Statements in this press release should be evaluated in light of these important factors. The statements in this press release represent GT Advanced Technologies Inc.'s expectations and beliefs as of the date of this press release. GT Advanced Technologies Inc. anticipates that subsequent events and developments may cause these expectations and beliefs to change. GT Advanced Technologies Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.