China Sunergy and Canadian Firm Opsun Technologies Sign Solar Products Framework Agreement
(Nasdaq: CSUN), a specialized solar cell manufacturer based in
and Opsun Technologies, Inc., a Canadian manufacturer of solar panels,
mounting systems and solar concentrators (“Opsun”), have entered into a
framework agreement related to the delivery of China Sunergy solar products to
Opsun between 2009 and 2014.
The framework agreement aims to leverage the existing relationship between
the firms to facilitate sales of China Sunergy’s existing solar cell products
while enhancing the development of specialized solar cells for future projects.
The agreement encompasses the delivery of 100MW of solar cells and solar
modules to Opsun, with the solar modules being provided through OEM
arrangements.
Opsun will integrate China Sunergy’s advanced solar cell technology into
their PV Panel, Structural PV modules and 3X Concentrated modules, sales of
which will initially be focused in the Canadian provinces of
developmental aspect of the agreement, China Sunergy will enhance existing
solar cell technology based on Opsun’s specifications, allowing the delivery
of specialized solar products directly to Opsun. These solar products will be
incorporated into Opsun’s advanced ’3 Suns’ photovoltaic concentrator systems,
demonstrating China Sunergy’s ability to deliver customized solutions to
clients.
“The relationship with Opsun has already proven to be a valuable one for
China Sunergy, and we look forward to deepening our cooperation by working
together to develop advanced solar products in the coming years,” stated Mr.
an innovative company offering unique and dynamic products, and we anticipate
our relationship leading to continued success at the front-line of the
Canadian solar sector.”
strengthened our partnership with China Sunergy, a well-known player in the
photovoltaic field and a leading solar cell producer. As Opsun integrates
CSUN’s components into our new product lines, we will be in a stronger
position to rapidly become a significant player in
growing photovoltaic market.”
About China Sunergy Co., Ltd.:
China Sunergy Co., Ltd. (NASDAQ: CSUN) (“China Sunergy”) is a specialized
manufacturer of solar cell products in
cells from silicon wafers utilizing crystalline silicon solar cell technology
to convert sunlight directly into electricity through a process known as the
photovoltaic effect. China Sunergy sells solar cell products to Chinese and
overseas module manufacturers and system integrators, who assemble solar cells
into solar modules and solar power systems for use in various markets. For
more information please visit http://www.chinasunergy.com .
About Opsun Technologies, Inc.:
Opsun aims to develop and manufacture a line of solar products that
minimizes the total cost of solar systems by increasing efficiency, reducing
material costs and facilitating installation on rooftops and solar farms.
Founded in 2005, Opsun Technologies is composed of a team of PhDs, Masters in
Science, engineers and technical people. Opsun’s management team has more than
35 years of experience in service, manufacturing and energy corporations.
Opsun’s line of products, which has been developed to be installed in cold
climates with snow and ice rain, features unique and innovative patented
technologies and concepts. Opsun is participating in the Ontario Feed-In
Tariff program.
For further information contact:
Peter Schmidt
Financial Dynamics
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
Erik Desrosiers
Director of Business Development
Opsun Technologies, Inc.
Tel: +1-514-800-1156
Email: edesrosiers@opsun.com
Safe Harbor Statement
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of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking statements
and are based on current expectations, assumptions, estimates and projections
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uncertainties, including but not limited to, the company’s ability to raise
additional capital to finance the company’s activities; the effectiveness,
profitability, and the marketability of its products; the economic slowdown in
selling prices of the company’s products, the future trading of the common
stock of the company; the ability of the company to operate as a public
company; the period of time for which its current liquidity will enable the
company to fund its operations; the company’s ability to protect its
proprietary information; general economic and business conditions; the
volatility of the company’s operating results and financial condition; the
company’s ability to attract or retain qualified senior management personnel
and research and development staff; future shortage or availability of the
supply of raw materials; impact on cost-competitiveness as a result of
entering into long-term arrangements with raw material suppliers and other
risks detailed in the company’s filings with the Securities and Exchange
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changes in its expectations, except as may be required by law. Although the
company believes that the expectations expressed in these forward looking
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turn out to be correct, and investors are cautioned that actual results may
differ materially from the anticipated results.
SOURCE China Sunergy Co., Ltd