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Trina Solar to Provide Photovoltaic Cells for Hy-Bird: The First Airplane to Fly Around the World Using Only Renewable Energies

2008-07-14 21:38 2110


CHANGZHOU, China, July 14 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced a cooperation agreement with LISA Airplanes for the building of the Hy-Bird, a solar and hydrogen powered airplane that is set to be the first to fly around the world using only renewable energies as fuel.

Under this agreement, Trina Solar will supply LISA Airplanes with almost 300 photovoltaic cells for the assembly of this hybrid airplane. The solar PV cells on the wings and horizontal tail of the plane will supply sufficient energy to complete the fuel cell power for takeoff and for on-board power supply. Apart from this, the plane will be propelled by an electric engine, more silent and more effective at high altitude than heat engines.

LISA Airplanes has already produced a scale model and expects to complete assembly of the real plane by the end of 2009. LISA Airplanes expects to make a series of full-scale test runs and introduce the Hy-Bird project, its technologies, its values and its partners in several countries where interest in renewable energies is growing rapidly. The Hy-Bird is expected to take off for its around-the-world flight, from West to East, through various stages of approximately 1500 kilometers.

“We are pleased to have reached this co-operation agreement for the construction of a solar airplane, since it is a pioneering project and represents a unique and innovative photovoltaic application that underscores the high quality and reliability of Trina Solar PV products,” remarked Arturo Herrero, Trina Solar’s Vice President of Sales & Marketing. “We are very proud to be part of this sustainable energy airplane project as we continue to promote the benefits and use of solar energy worldwide”.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline 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 a number of European countries, such as Germany, Spain and Italy. Trina Solar’s solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. For further information, please visit Trina Solar’s website at http://www.trinasolar.com .

About LISA Airplanes:

LISA (Light Innovative Sport Aircraft) Airplanes is a manufacturer specialised in the field of high-end pleasure aviation. Additional background on both the company and Hy-Bird is available at http://www.lisa-airplanes.com and http://www.hy-bird.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. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, Trina Solar’s ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities 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; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. 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.

For more information, please contact:

Trina Solar Limited

Terry Wang, CFO

Tel: +86-519-8548-2008 (Changzhou)

Thomas Young, Director of Investor Relations

Tel: +86-519-8548-2008 (Changzhou)

Email: ir@trinasolar.com

CCG Elite Investor Relations

Crocker Coulson, President

Tel: +1-646-213-1915

Email: crocker.coulson@ccgir.com

Ed Job, CFA

Tel: +1-646-213-1914

Email: ed.job@ccgir.com

Source: Trina Solar Limited
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Keywords: Airlines/Aviation
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