NANJING, China, Jan. 11 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. ("China Sunergy") (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that the Company has established its European headquarters in Munich, Germany.
"The establishment of our European branch will enable China Sunergy to enhance our sales and marketing capabilities throughout Europe," commented Allen Wang, CEO of China Sunergy. "We will immediately be able to better serve our increasingly European customer base, which include aleo solar AG and asola, as well as new prospective clients. Looking forward, our German office will further boost China Sunergy's profile and presence in Europe, the world's most developed solar end-user market, while continuing the globalization of our sales efforts."
Munich is a city in the province of Bavaria, Germany, within Central Europe, and is one of the most developed geographies in terms of solar energy application and consumption within Europe and globally.
"This location makes the most administrative and strategic sense for China Sunergy with regards to servicing the entire European region," added Richard Gu, Vice President of Sales and Purchasing for China Sunergy. "Our new proximity to European end-users will also enable us to better understand and anticipate the future demands of our customers."
About China Sunergy Co., Ltd.:
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar 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 .
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, the company's ability to raise additional capital to finance the company's activities; the effectiveness, profitability, and the marketability of its 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; 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 further information contact:
Fischer Chen
China Sunergy
Email: fischer.chen@chinasunergy.com
Julian Wilson
Financial Dynamics
Tel: +86-10-5811-1902
Email: julian.wilson@fd.com
Peter Schmidt
Financial Dynamics
Tel: +86-10-5811-1902
Email: peter.schmidt@fd.com
