Kicky : Laut Q10 wird GTAT bereits an Apple liefern
GTAT's Salem, MA sapphire facility measuring 50,000 square feet has been growing sapphire for Apple since Q4 2013.
Apple's Prepayment was used to fund the equipment qualification and retrofit of GT's Salem, MA sapphire facility and the build-out of GT's Mesa, AZ sapphire facility.
GT met the initial milestones set forth in the prepayment agreement including initial furnace installations as well as intended the production go-live date at the Mesa, AZ sapphire facility.
GT Advanced Technologies (GTAT) submitted an Amended 10-Q on June 17, 2014.
Second Apple Sapphire Plant Operations Emerges from Q10
Furthermore, based on the Port Authority records the first batch of ASF furnaces were likely delivered to the Mesa, AZ facility in time to be installed on December 10, 2013......
Prepayment Terms between GT and Apple
$225 million within 15 Business Days after execution of all of the Transaction Documents;
$111 million by close of business on December 30, 2013;
$103 million by close of business on February 28, 2014
$139 million by close of business on [***] 2014
The Prepayment proceeds shall be used exclusively to (I) fund the purchase of [***] sapphire growing furnaces......
Conclusion: GT's Sapphire Operations appear to be on track and ready to deliver the goods to Apple