CHANGZHOU, China, April 8 /PRNewswire-Asia-FirstCall/ -- 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 that its subsidiary, Changzhou Trina Solar Energy Co., Ltd., has established a strategic partnership with Grenzone Pte Ltd ("Grenzone"), a system integrator, to supply its modules for PV projects in Singapore, Malaysia and Thailand. Initial shipments commenced in March 2010.
Grenzone has been awarded the contract to design and build a 2.2 MW turnkey PV power plant in the northeast region of Thailand. Trina Solar is expected to supply approximately 9,600 high quality PV modules to Grenzone for the project which is expected to go online in August 2010.
"We are excited to team up with Grenzone, a well established PV system integrator in Southeast Asia, with a proven track record and wide expertise in renewable energy and energy efficient solutions," said Ku Jun Heong, Director of Sales and Marketing (Asia Pacific) at Trina Solar. "This strategic relationship will further enhance Trina Solar’s brand recognition in Asia as well as promoting the Company’s high quality solar products in emerging growth markets like Singapore and Thailand."
"We are pleased to work with leading industry partners like Trina Solar to deliver renewable energy solutions to our valued partners to meet with increasing demand in this region," said Teo Kian Lip, Operation & Project Director. "This is in line with Grenzone’s focus on optimizing the life-cycle solution costs and total system performance using Trina Solar’s best in class modules."
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 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 Grenzone Pte Ltd
Grenzone is an innovative technological company that designs and manufactures clean energy and energy efficient products in view of the global effort in improving the environment through sustainable development energy efficiency. Since its inception in 2002, Grenzone has been providing holistic clean energy solutions to enable users to achieve their energy and environmental requirements. We offer turnkey solutions in solar power system ranging from system consultancy, design, integration, servicing and training to our valued partners for home, commercial, industrial and rural electrification. We have strong presence in Singapore, Malaysia, Thailand and Indonesia. For further information, please visit Grenzone’s website at http://www.grenzone.com/index.htm .
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
Phone: +86-519-8548-2009 (Changzhou)
Thomas Young, Director of Investor Relations
Phone: +86-519-8548-2009 (Changzhou)
Email: ir@trinasolar.com
Brunswick Group
Caroline Jinqing Cai
Phone: +86-10-6566-2256
Michael Fuchs
Phone: +86-10-6566-2256
Email: trina@brunswickgroup.com
