CHANGZHOU, China, Oct. 31 /Xinhua-PRNewswire-FirstCall/ -– Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules founded in 1997, announced today that Trina Solar became the first global solar PV module manufacturer to cast a multicrystalline ingot using GT Solar's advanced DSS 450 furnace. This was achieved in connection with the commercial launch of Trina Solar's new multicrystalline module line.
The "jumbo" ingot is the result of Trina Solar's contract with GT Solar Incorporated, which supplies Trina Solar with DSS 450 furnaces that grow multicrystalline ingots up to 450 kg. This is Trina Solar's third order from GT Solar, representing approximately 300 MW of ingot growing capacity.
Jifan Gao, Trina Solar's Chairman and CEO, said: "We are very proud to have achieved this important milestone, which represents a key step in our efforts to expand capacity while lowering production costs and reflects the successful cooperation between our two companies. We look forward to opportunities to work with GT Solar as we continue to expand our capacity and strengthen Trina Solar's position as one of the leading PV module suppliers in the world."
Tom Zarrella, GT Solar's CEO, said: "Trina Solar's order for our advanced DSS 450 furnace to support its aggressive expansion plan is a strong indication of GT Solar's continued expansion in the Asia market. We value this customer and appreciate its confidence in our product."
About Trina Solar
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. Trina Solar successfully completed its initial public offering on the New York Stock Exchange in December 2006 and its ADSs are traded under the ticker symbol TSL. For further information, please visit Trina Solar's website at http://www.trinasolar.com.
About GT Solar
GT Solar Incorporated, a wholly-owned subsidiary of GT Solar International, is one of the largest providers of manufacturing equipment and turnkey manufacturing solutions across the photovoltaic supply chain. Based in Merrimack, NH (USA), the company's products include equipment used to produce multi-crystalline solar wafers, cells and modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce polysilicon from which solar wafers are made. For more information, go to http://www.gtsolar.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 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.
