2012-11-16

GT Advanced Technologies Spends $10 million to Acquires Assets of Twin Creeks Technologies

GT Advanced Technologies Inc. announced it has acquired certain capital assets and intellectual property of Twin Creeks Technologies, Inc., a privately owned company that has developed an ion implanter technology that enables the production of lower cost thin substrates with minimal material (kerf) loss. The assets were purchased from Twin Creeks’ lenders in a private sale for approximately $10 million and royalties that will be based on future sales. GT expects that Twin Creeks’ unique Hyperion™ ion implanter technology will have broad application in...
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