Trina Solar Announces Successful Testing of Cell Line and Targets Commercial Launch for April
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CHANGZHOU, China, March 5 -- 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 www.trinasolar.com/
Source: Trina Solar Limited
CONTACT:
Sean Shao,
Trina Solar Limited,
+86-519-548-6752,
Changzhou,
ir@trinasolar.com
Elaine Ketchmere,
Partner,
+1-310-231-8600 ext 119
Web site: www.trinasolar.com/
