Trina Solar Announces Successful Commercial Launch of Its Solar Photovoltaic Cell Line
Posted on: Monday, 2 April 2007, 12:00 CDT
CHANGZHOU, China, April 2 /PRNewswire/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading vertically integrated manufacturer of solar photovoltaic (PV) products founded in 1997, announced the successful commercial launch of its newly installed solar PV cell line today.
The 50MW cell line had been under testing during the first quarter of 2007 with positive initial trials. After further fine tuning, the commercial production started successfully as planned on April 2nd with average cell efficiencies of 16.3%. Four additional solar PV cell lines are currently planned and are expected to reach its target capacity of 150MW by the end of 2007.
"We are extremely pleased to have achieved such high cell conversion efficiencies ahead of our target. By the end of 2007, we expect to improve on these results and aim to achieve cell efficiencies exceeding 16.5%," remarked Dr. Mohan Narayanan, Trina Solar's Vice President of Technology. "The successful launch of our first cell line is a testament to the hard work, professionalism and commitment to quality of the Trina Solar team."
The commercial launch of the Company's cell line in April is an important milestone for the Company as it completes the vertical integration of its manufacturing process. This vertically integrated approach is expected to allow Trina Solar to reduce cost, to improve product quality and to become a leader in the solar PV industry.
About Trina Solar Limited:
Trina Solar is a well recognized manufacturer of high quality monocrystalline modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company in China. Trina Solar is currently one of the few PV manufactures that has developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including those in European countries, such as Germany, Spain and Italy. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. Trina Solar successfully completed its initial public offering in December 2006 and its ADSs are traded on the New York Stock Exchange under the ticker symbol TSL. For further information, please visit the company's website at http://www.trinasolar.com/.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contact: Trina Solar Limited Sean Shao, CFO Phone: + (86) 519-548-6752 (Changzhou) Phone: + (1) 646-213-1915 (New York) Email: ir@trinasolar.com CCG Elite Investor Relations Crocker Coulson, President Ed Job, CFA Phone: + (1) 646-213-1914
Trina Solar
CONTACT: Sean Shao, CFO of Trina Solar Limited, + (86) 519-548-6752(Changzhou), +1-646-213-1915 (New York), ir@trinasolar.com; Crocker Coulson,President, or Ed Job, CFA, of CCG Elite Investor Relations, +1-646-213-1914
Web site: http://www.trinasolar.com/
Source: PRNewswire
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