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GT Delays Form 10-K Filing Due To A Tax Matter; Resolution Expected To Have No Impact On Guidance And Financial Results Previously Reported On February 24, 2014

Stocks in this article: GTAT

MERRIMACK, N.H., March 3, 2014 (GLOBE NEWSWIRE) -- GT Advanced Technologies (Nasdaq:GTAT) today announced that it is unable to file its Form 10-K for the fiscal year ended December 31, 2013 in a timely manner because it has not yet completed its internal review of a potential decrease in current tax liability. The company expects resolution of this issue will have no impact on its guidance and financial results previously reported on February 24, 2014. Securities and Exchange Commission rules permit an extension to file until March 18. The Company anticipates completing the work necessary to file its Form 10-K before that date.

About GT Advanced Technologies Inc.

GT Advanced Technologies Inc. is a leading diversified technology company producing advanced materials and innovative crystal growth equipment for the global consumer electronics, power electronics, solar and LED industries. Its technical innovations accelerate the use of advanced materials, enabling a new generation of products across this diversified set of global markets. For additional information about GT Advanced Technologies, please visit www.gtat.com .

Forward-Looking Statements

Certain statements contained in this press release and in related comments by our management include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the resolution of the internal review of a potential decrease in current tax liability will have no impact on the company's guidance and financial results previously reported on February 24, 2014 and the company anticipates filing its annual report on form 10-K for the fiscal year ended December 31, 2013 before March 18, 2014. These statements are not guarantees of results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative. The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company's behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Media
         Jeff Nestel-Patt
         jeff.nestelpatt@gtat.com
         603-204-2883
         
         Investors/Analysts
         Ryan Flaim
         Ryan.flaim@gtat.com
         603-681-3869

GT Advanced Technologies logo

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