CHANGZHOU, China, Jan. 28 /PRNewswire-Asia/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced it has entered into an agreement with ITEC ("ITEC Solar GmbH") of Germany for a total of 40 MW of PV modules to be delivered during 2010.
Under the terms of the agreement a total of 18 MW will be shipped during the first half of 2010, with agreed prices for the first quarter. Initial shipments commenced in January 2010.
"We are very pleased to announce this agreement, which demonstrates Trina Solar's established brand recognition in Germany," said Ben Hill, Trina Solar's Vice President of Sales and Marketing in Europe. "This reflects the continued strong demand for our high quality modules from our growing distributor and system integrator partners throughout Europe."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .
About ITEC
ITEC Solar GmbH is specialized in the distribution of PV modules and integrated roof systems. As a result of its clear and flexible structures and methods, implemented by a capable, growing and highly-motivated team and backed-up by many years of experience, the company is able to assure its reliability and workmanship. For further information, please visit ITEC Solar's website http://www.itec-vertrieb.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 marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; 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 Company and the industry in which the Company operates. 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, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For further information, please contact:
Trina Solar Limited
Terry Wang, CFO
Tel: +86-519-8548-2009 (Changzhou)
Thomas Young, Director of Investor Relations
Tel: +86-519-8548-2009 (Changzhou)
Email: ir@trinasolar.com
Brunswick Group
Caroline Jinqing Cai
Tel: +86-10-6566-2256
Michael Fuchs
Tel: +86-10-6566-2256
Email: trina@brunswickgroup.com
