Seeking Alpha

GT Advanced +2% AH on deals to commercialize Hyperion

  • GT Advanced (GTAT) has signed an MOU with Europe's EV Group to jointly create the equipment and production processes needed to bond the sapphire and silicon carbide (SiC) lamina produced by GT's Hyperion ion implanter tech to substrates such as glass, silicon, and plastic.
  • GT also says it will partner with a leading glass substrate maker to "develop specially engineered substrate materials that can be bonded to ultra-thin sapphire lamina to create unique composite solutions" that expand sapphire's reach to new markets.
  • Lastly, the company has "acquired patent-pending technology for producing low-cost, scratch-resistant aluminum oxide coatings for various substrates including glass and plastics." GT expects the coatings to match sapphire's durability and scratch-resistance at lower price points, and in doing so address markets where not all of sapphire's strengths are needed.
  • GT has long asserted Hyperion, obtained in 2012 via its acquisition of Twin Creeks Technologies, can address applications ranging from power semiconductors to solar wafers to touchscreens. Last month, SA author Matt Margolis argued Hyperion could enable thin solar cells for electronic devices that sport 40%+ efficiency ratings.
  • Shares had already risen 5.4% in regular trading. Q1 results are due on May 8.
Comments (7)
  • Furbonacci
    , contributor
    Comments (370) | Send Message
     
    yeah baby
    30 Apr, 06:23 PM Reply Like
  • DumpsterDiver
    , contributor
    Comments (328) | Send Message
     
    Behold the first proof point in the establishment of an additional "leg of the stool" for GTAT's overall business that the market has barely even acknowledged existed up until now.

     

    It won't be the last one. :)
    30 Apr, 06:50 PM Reply Like
  • DumpsterDiver
    , contributor
    Comments (328) | Send Message
     
    Actually, GT's growing so many new legs it'll look less like a stool and more like a centipede...
    1 May, 04:01 AM Reply Like
  • OpportunityAwaits
    , contributor
    Comments (53) | Send Message
     
    I am super long in this stock. Keep it coming :)
    30 Apr, 09:08 PM Reply Like
  • Geoffrey Bailey
    , contributor
    Comments (35) | Send Message
     
    I'm glad I bough big into GTAT and didn't flinch during the huge price drop in April. It's nice to finally see some price differentiation between great hi-tech stocks and the risky stocks that have never put substantial product out the door. It's time for another short squeeze!!!
    30 Apr, 11:38 PM Reply Like
  • joshvegas
    , contributor
    Comments (374) | Send Message
     
    Cant wait for next week's ER!
    1 May, 01:08 AM Reply Like
  • chgodave
    , contributor
    Comments (25) | Send Message
     
    Normally, this is where I give a hearty thanks to the shorts, for getting me paid, but no way I'm interested in selling a single share of this monster anywhere near here. This ride is just getting started.
    1 May, 08:52 AM Reply Like
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