MERRIMACK, N.H., Oct. 16, 2014 (GLOBE NEWSWIRE) -- GT Advanced Technologies Inc. today announced that it will not pursue an appeal of the determination by The NASDAQ Stock Market LLC ("NASDAQ") to suspend trading in the Company's common stock based on the Company's voluntary petition for reorganization relief under Chapter 11 of the United States Bankruptcy Code. The Company has been informed that NASDAQ will suspend trading in the Company's common stock effective at the opening of the market on October 16, 2014.
The Company indicated that its common stock will be eligible to trade on the OTC Markets Group, Inc.'s ("OTC Markets") OTC Pink Marketplace effective October 16, 2014. The Company will trade under the symbol, GTATQ. For quotes or further information on OTC Markets and the OTC Pink Marketplace, please visit http://www.otcmarkets.com.
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.