CHANGZHOU, China, April 2 /Xinhua-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
