Trina Solar Announces Resignation of Chief Financial Officer and Appointment of Interim Replacement
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|Trina Solar to Set up State Key PV Research Laboratory|
|CHANGZHOU, China, Jan 26, 2010 /PRNewswire via COMTEX/ -- 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 it received
its first official documents from China's Ministry of Science and Technology
in January 2010 to establish a State Key Laboratory to develop PV technologies
within the Changzhou Trina PV Industrial Park. Commercial terms related to the
establishment have yet to be finalized.
The laboratory will be established as a national platform for driving PV technologies in China. Its mandate includes research into PV related materials, cell and module technologies and system level performance. It will also serve as a platform to bring together technical capabilities from the Company's strategic partners including customers and key PV component suppliers as well as universities and research institutions.
"We are excited to announce the establishment this world class national laboratory in the Changzhou Trina PV Industrial Park," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "The laboratory will advance technological innovations to support the burgeoning industry as well as accelerate Trina Solar's R&D, technology transfer and new product development goals to enhance the Company's high quality product offerings."
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 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 .
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: email@example.com Brunswick Group Caroline Jinqing Cai Phone: +86-10-6566-2256 Michael Fuchs Phone: +86-10-6566-2256 Email: firstname.lastname@example.org
SOURCE Trina Solar Limited