TORONTO, Jan. 15 /PRNewswire-Asia/ -- Canadian Solar Inc. ("the Company", "CSI" or "we") (Nasdaq: CSIQ) today announced that it has opened a US head office and customer center in San Ramon, California. The office will house purchasing, sales, sales support, and R&D staff. The office contact information is:
12657 Alcosta Blvd., Suite 140
San Ramon, CA 94583, USA
Tel: +1 (925) 866-2700
Fax: +1 (925) 866-2704
Email: Sales.us@csisolar.com
Inquiry.us@csisolar.com
Canadian Solar has had an incorporated subsidiary in the US since early 2007 and is now increasing its footprint in anticipation of the US becoming a significant market for solar products. Going forward, regional sales offices will be added. CSI's complete line of products will be offered in the US including both of its regular and e-Module products, as well as custom and off-grid products.
Robert Patterson, President of CSI Americas remarked: "In 2009 and 2010 we see the US developing into a major market for both of our regular and e-Module solar products. In discussions with our downstream partners we expect to see substantial growth in the US in 2009. This office in the Bay Area will help us better serve our US customers and will allow us to take advantage of R&D and supply chain resources in the US as well."
About Canadian Solar Inc. (NASDAQ: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically-integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements for Canadian Solar
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on June 3, 2008. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
