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GT Advanced Technologies Inc. Announces Results For Quarter Ending June 30, 2012

“We remain committed to investing in next generation technologies and product innovations in our core businesses to solidify our market leadership and develop new opportunities,” continued Gutierrez. “In addition, we continue to explore ways to further diversify the company’s portfolio into new high growth areas. During the quarter we added $70 million of debt in anticipation of several potential investments that are under discussion.”

Business Outlook

The company reiterated its revenue and earnings guidance for the 12-month period ending December 31, 2012 (“calendar year 2012”). For this period, the company continues to expect revenue in the range of $925 million to $975 million and non-GAAP earnings per share on a fully diluted basis in the range of $1.30 to $1.40. Please refer to the definition of non-GAAP net income below.

The company will provide additional details on its calendar 2012 guidance during its live webcasted conference call tomorrow morning. See details below.

Investor Financial Summary Document

A comprehensive summary of the company’s financial performance can be found on the Investor Relations section of its website in the “Featured Documents” section and the “Q2 CY12 Earnings Call” webcast page. To access:

Conference Call, Webcast

Tomorrow morning, Thursday, August 2, 2012, at 8:00am ET the company will host a live conference call to discuss quarterly results and the company’s longer-term outlook with Tom Gutierrez, president and chief executive officer and Richard Gaynor, chief financial officer.

The call will be webcast live and can be accessed by logging on to the "Investors" section of GT Advanced Technologies’ website, No password is required to access the webcast. A slide presentation will accompany the call.

The live call can also be accessed by dialing 877.556.5921 for callers in the United States and Canada and 617.597.5474 for international callers. The telephone passcode is GTAT.

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