Trina Solar Announces New Sales Agreement with PROINSO
22 Oktober 2009 - 2:00PM
PR Newswire (US)
CHANGZHOU, China, Oct. 22 /PRNewswire-Asia-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, announced today it has entered into a sales agreement with
PROINSO ("Proyectos Integrales Solares S.L."), a leading
distributor of solar photovoltaic equipment and a specialist in
engineering services in Europe. Under the terms of the agreement,
Trina Solar will supply PROINSO with approximately 108 MW of PV
modules at predetermined prices. PROINSO has an option to purchase
an additional 12 MW in the first quarter of 2010. Shipments are
expected to commence in the fourth quarter of 2009 and are
scheduled to continue through the first half of 2010. The modules
are expected to be used in solar projects in the European markets,
including Italy and Spain. Shipment deliveries of 38 MW and 42 MW
are expected to be made in the fourth quarter of 2009 and the first
quarter of 2010, respectively. "We are excited to be expanding our
existing relationship with PROINSO, and we look forward to
continuing this relationship into 2010 and beyond," said Ben Hill,
Vice President of Sales and Marketing (Europe) at Trina Solar. "The
combination of PROINSO's extensive experience and expertise in
solar energy products, coupled with Trina Solar's recognized
quality, will allow us to further increase market share in
established markets across Europe." "We are pleased to enter into
this sales agreement with a well recognized manufacturer like Trina
Solar," declared Mr. Gustavo Carrero, Marketing Director of
PROINSO. "As one of Spain's leading distributors for solar
photovoltaic equipment, we have chosen to partner with Trina Solar
to bring their premium performance modules to major solar plant
projects in 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 it was
founded in 1997 as a system installation company. Trina Solar is
one of the few PV manufacturers that has 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 PROINSO PROINSO is part of the
OPDE Group business group, which is comprised of the following
companies: MECASOLAR, PROINSO, and OPDE. The group offers a
complete solution that includes dual-axis solar tracker
manufacturing, materials engineering and supply, installation and
global development and construction of photovoltaic solar plants.
The group offers an integrated service that spans the entire
photovoltaic business value chain, imparting all of the experience
gained from each segment of the value chain. For further
information, please visit PROINSO's website at
http://www.proinso.net/ . 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 Company 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. 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: Brunswick Group Caroline Jinqing Cai Tel: +86-10-6566-2256
Michael Fuchs Tel: +86-10-6566-2256 Email: DATASOURCE: Trina Solar
Limited CONTACT: Trina Solar Limited - Terry Wang, CFO,
+86-519-8548-2009 (Changzhou), Thomas Young, Director of Investor
Relations, +86-519-8548-2009 (Changzhou), or ; Brunswick Group -
Caroline Jinqing Cai, +86-10-6566-2256, Michael Fuchs,
+86-10-6566-2256, or Web Site: http://www.trinasolar.com/
http://www.proinso.net/
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