GT Solar lands $20M equipment, services contract from China’s Jiangxi Sornid Hi-Tech Co.

GT Solar wins $20M contract with China’s Jiangxi

MERRIMACK, N.H. — GT Solar International Inc. said Monday it has received a contract worth more than $20 million to deliver equipment and services to China’s Jiangxi Sornid Hi-Tech Co.

GT Solar said the order was booked during the fiscal fourth quarter and revenue will be recognized in future periods.

The contract is for GT Solar’s ingot growth furnaces, related equipment and services. The Merrimack, N.H., company makes equipment and develops technology for the solar power industry.

Shares of GT Solar fell 8 cents to close at $5.54.