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  GT Advanced revealed
 

Two months after GT Advanced Technologies announced the lay off of 25 percent of its work force, the company revealed last week significant compensation deals for two top executives.

In a filing with the U.S. Securities and Exchange Commission, GT Advanced Technologies disclosed a $300,000 relocation package for Tom Gutierrez, the CEO and president of the Nashua-based company that serves as an international supplier of components for the solar energy industry.

The compensation committee of the company's board of directors authorized the payment to Gutierrez on Dec. 29, to establish a second residence in North Carolina near his family, according to the filing. "Mr. Gutierrez will maintain a permanent residence in New Hampshire where the company's corporate headquarters is located," the filing says.

The $300,000 paid to Gutierrez on Dec.Of all the equipment in the laundry the flatwork ironer is one of the largest consumers of steam. 31 covers real estate fees, moving costs and travel, temporary living and miscellaneous expenses,Conergy offers solar module for any PV system design requirement. says the filing, adding $70,000 of the amount was to help cover income taxes on the relocation payment.

The relocation benefit for the CEO of GT Advanced Technologies comes two months after the company announced the elimination of about 50 jobs in New Hampshire and about 120 jobs in other countries because of uncertain economic conditions in Asia as global demand for solar cells slows and prices fall.

Also disclosed in the SEC filing on Friday was an agreement with David Keck, an executive officer of GT Advanced Technologies, offering him an additional $378,000 a year to relocate to Hong Kong,Compare pricing of offgrid & gridtie solar inverter before you buy. and allow his children to attend school there for up to $60,000 a year, plus other monetary perks.

Keck's international assignment agreement includes a housing allowance of up to $18,500 a month and a monthly stipend of $8,000 a month for meals and other expenses, according to the SEC filing. Despite the recent lay offs, Gutierrez said in a press release issued last month that while current market conditions are unlikely to improve in the next 12 months, his company remains confident about its long-term future.Small wind generator are a good supplement for solar power in areas with strong, steady winds.

"We expect to exit this downturn as a stronger, more diversified company with market leading positions in several growth industries," he said in the release, which projected revenue in the range of $500 million to $600 million for the fiscal year ending Dec. 31, 2013. Jeff Nestel-Patt, marketing communications director for GT Advanced Technologies, was not immediately available on Tuesday to comment on the recent SEC filings or the compensation agreements.

Why are efficient and affordable solar cells so highly coveted? Volume. The amount of solar energy lighting up Earth's land mass every year is nearly 3,000 times the total amount of annual human energy use. But to compete with energy from fossil fuels,Laser engraving, and laser marker, is the practice of using lasers to engrave or mark an object. photovoltaic devices must convert sunlight to electricity with a certain measure of efficiency. For polymer-based organic photovoltaic cells, which are far less expensive to manufacture than silicon-based solar cells, scientists have long believed that the key to high efficiencies rests in the purity of the polymer/organic cell's two domains – acceptor and donor. Now, however, an alternate and possibly easier route forward has been shown.

The international team used the trifecta of ALS beams to study the polymer/fullerence blend PTB7:PC71BM in thin films made from chlorobenzene solution with and without the addition (three-percent by volume) of the solvent diiodooctane. The films were composed of droplet-like dispersions in which the dominant acceptor domain size without the additive was about 177 nanometers. The addition of the solvent shrank the acceptor domain size down to about 34 nanometers while preserving the film's composition and crystallinity. This resulted in an efficiency gain of 42-percent.

"In showing for the first time just how pure and how large the acceptor domains in organic solar devices actually are, as well as what the interface with the donor domain looks like, we've demonstrated that the impact of solvents and additives on device performance can be dramatic and can be systematically studied," Ade says. "In the future, our technique should help advance the rational design of polymer-based organic photovoltaic films."

 
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