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GT Solar Signs $49M Polysilicon Reactor Contract

GT Solar, a leader in photovoltaic technologies and equipment, has signed a $49 million contract to sell polysilicon reactors to the Russian company, Nitol Group. GT Solar’s reactors and silicon tetrachloride converters will be installed at Nitol’s production facility in Irkutsk, Siberia. GT Solar President, Tom Zarrella added: “This contract is a significant step in the development of GT’s position in the polysilicon market. Our strategy is to enable new manufacturers of polysilicon to enter the market.” Nitol Group President, Dmitry Kotenko, said: “GT Solar’s experience in the manufacture of reactors and other PV equipment is a perfect match with Nitol’s experience as a producer of silicon organic gases. Nitol is on track to be the most competitive polysilicon and wafer producer in the fast growing PV industry.” GT Solar Incorporated is a leading provider of essential technology, equipment and turnkey manufacturing solutions across the photovoltaic supply chain worldwide. Based in Merrimack, NH (USA), the company’s products include equipment used to produce multi-crystalline solar wafers, cells and modules. It has a global blue-chip customer base. GT recently expanded its product line to include polysilicon reactors – devices that allow customers to produce the polysilicon from which solar wafers are made. […]

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Synagro Gets Go Ahead for Carlyle Group Merger

Synagro Technologies, Inc. (NasdaqGM:SYGR) stockholders approved the Agreement and Plan of Merger among Synagro, Synatech Holdings, Inc. and Synatech, Inc., whereby Synagro will become a wholly owned subsidiary of Parent, an affiliate of The Carlyle Group. The parties expect to consummate the merger on April 2, 2007. Additionally, as contemplated by the Merger Agreement, Synagro announced that its Board of Directors has declared a cash dividend to all of its stockholders of record as of the close of business today, March 29, 2007. About Synagro Synagro believes that it is the largest recycler of biosolids and other organic residuals in the United States and is the only national company focused exclusively on the estimated $8 billion organic residuals industry, which includes water and wastewater residuals. The Company serves more than 600 municipal and industrial water and wastewater treatment accounts with operations in 33 states and the District of Columbia. The Company offers a broad range of water and wastewater residuals management services focusing on the beneficial reuse of organic, non-hazardous residuals resulting from the wastewater treatment process, including drying and pelletization, composting, product marketing, incineration, alkaline stabilization, land application, collection and transportation, regulatory compliance, dewatering, and facility cleanout services. About […]

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