Trina Solar Announces Successful Testing of Cell Line and Targets Commercial Launch for April
05 Marzo 2007 - 8:00AM
PR Newswire (US)
CHANGZHOU, China, March 5 /Xinhua-PRNewswire-FirstCall/ -- Trina
Solar Limited ("Trina Solar" or the "Company"), a leading
vertically integrated manufacturer of solar photovoltaic products
founded in 1997, announced today that it has successfully tested
the capabilities of its newly installed cell line. Trina Solar
anticipates that it will launch its 50MW cell line in the beginning
of April 2007. The Company will continue to ramp up its cell line
capacity throughout 2007 and is expected to reach a target capacity
of 150MW by the fourth quarter. "We have achieved cell efficiencies
slightly higher than 16% and we intend to continue to improve these
levels as we ramp up our capabilities in the coming months,"
remarked Dr. Mohan Narayanan, Trina Solar's Vice President of
Technology. "Trina Solar is very pleased to have reached such high
efficiency levels in our first test of the cell line." Launching
the 50MW cell line by April is an important achievement for Trina
Solar, as the Company prepares to complete its vertically
integrated model and reach capacity levels of 150MW by the end of
2007. Management believes that the vertically integrated model will
allow Trina Solar to capture more of the value added in the solar
PV value chain thus enhancing margins, while at the same time
improving the Company's ability to monitor the quality of its
products over the entire manufacturing process. About Trina Solar
Limited: Trina Solar is a well recognized manufacturer of high
quality monocrystalline modules and has a long history as a solar
PV pioneer since it was founded in 1997 as a system installation
company in China. 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. The
company'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 in the New
York Stock Exchange in December 2006 and its ADSs are traded under
the ticker symbol TSL. For further information, please visit the
company's website at http://www.trinasolar.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. 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. DATASOURCE: Trina Solar Limited CONTACT: Sean
Shao of Trina Solar Limited, +86-519-548-6752, Changzhou, or ;
Crocker Coulson, President of CCG Elite Investor Relations for
Trina Solar Limited, +1-646-213-1915 in New York, or Elaine
Ketchmere, Partner, +1-310-231-8600 ext 119 Web site:
http://www.trinasolar.com/
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