CHANGZHOU, China, July 13 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated PV manufacturer from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that it has entered into a renewed sales agreement with Enerpoint, a leading Italian PV distributor.
Under terms of this agreement, Trina Solar will supply Enerpoint approximately 5 megawatts (MW) of PV solar modules in 2008 and between 22 and 30 MW of modules to be delivered in 2009 at agreed prices.
Enerpoint is active in the design and installation of large PV plants and strongly promotes the Trina Solar brand with PV integrators and installers in Italy. In 2007, Enerpoint was a main customer for Trina Solar in the Italian market and this partnership is expected to strengthen significantly this year and in 2009.
"Trina Solar is pleased to have entered into this renewed sales agreement with Enerpoint to reinforce this important partnership in Italy," stated Mr. Arturo Herrero, Vice-President of Sales & Marketing of Trina Solar. "Enerpoint's wide distribution network, together with Trina Solar's high quality modules and experience in the PV sector, will strongly contribute to the development of the Italian PV industry.''
This sales agreement represents an important milestone for Trina Solar as it continues to strengthen its position in Italy's growing PV market, where Trina Solar possesses a strong market share from its successfully-established brand.
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 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 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 Enerpoint:
Enerpoint Spa was set up at the end of February 2001. It has positioned itself as a leader on the Italian renewable energy scene and is especially strong in solar technologies. Currently Enerpoint has a wide range of photovoltaic products available, to allow its clients the choice of an optimal installation based on their varying needs. For additional information, visit the company's website at http://www.enerpoint.it .
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.
