ZURICH, Switzerland, June 12, 2012 /PRNewswire-Asia/ – 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 a collaboration with Germany-based E3/DC to develop next generation energy storage solutions for homes and small businesses.
After introducing Trinamount in 2011 and announcing the launch of Trinasmart recently, Trina Solar further strengthens its position as provider of solar energy solutions. “We are very excited about this new collaboration,” said Ben Hill, Head of Trina Solar Europe. “Storage is a key technology going forward. It helps to balance solar energy generation with consumption. Customers thus become independent from rising energy costs. We see increasing interest in storage solutions and wish to be at the forefront of this development. ”
While the collaboration provides Trina Solar access to best-in-class storage technologies, E3/DC benefits from Trina Solar’s global footprint. “Trina Solar is a well established and well respected global solar brand,” said Andreas Piepenbrink, managing partner of E3/DC. “Trina Solar’s sales and marketing offices throughout Asia-Pacific, Europe and Americas allow us to reach out to a multiple of markets and a broad scope of customers. This is a highly important and promising collaboration for us.”
Trina Solar Limited (NYSE:TSL) is a leading 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 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/eu/.
E3/DC is a system supplier for car charge and home storage systems. Based on long term experience from leading german suppliers such as Leopold Kostal GmbH, ZF Friedrichshafen and Wilhelm Karmann GmbH, E3/DC has included young engineers into the team. E3/DC has the focus on power electronics (hard- and software, design), together with leading and strong partners such as EWE AG in Oldenburg. EMS service suppliers and strategic sales partnerships provide the focus on lot size independant production costs, innovation and quality. As a subsidiary of EWE AG in Oldenburg the E3/DC GmbH has also access to the energy network and power distribution. For further information, please visit E3/DC’s website at http://www.e3dc.com/english/e3dc.html.
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 Company’s ability to operate as a public 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; demand in various markets for solar products; 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 in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or 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, Vice President, Investor Relations
Phone: + 86.138.6118.3779 (Global)
Phone: + (86) 10-6566-2256
Trina Solar Europe
Phone: + (49) 89 12284 9259
Phone: + (49) 89 12284 9259