27.07.10

Canadian Solar: Italian Sales Office

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Canadian Solar, one of the world's largest solar companies, today announced the opening of its Italian sales office in Rome. The office will be headed by Marco Di Pietro, Country Manager Italy, who is responsible for the continued success and growth of Canadian Solar's photovoltaic business in Italy. Customers can find out about the latest product information and reach sales and customer support using a toll-free service number (800 86 45 33).

Marco Di Pietro, Canadian Solar's Country Manager Italy, said, "Italy is one of the world's top alternative energy markets, with impressive demand growth and installations of photovoltaic systems. Canadian Solar has effectively grown its business in Italy with sales, marketing, support and executive focus led from our international offices. Given our significant existing customer base, demand and projected growth, it made strategic sense to expand on a local basis with our new office in Rome. We are very excited about this market."

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, said, "Italy is currently ranked as the world's third largest PV market. Opening this office underscores our commitment to providing the best support to customers and to developing new business opportunities. Canadian Solar's high quality modules have been very well received in Italy since 2008. We fully expect to build on our momentum in the important Italian market as we move forward with a dedicated local sales platform."

For more information on Canadian Solar and the array of ingots, wafers, cells, solar modules and other solar power applications, visit the website http://www.canadiansolar.com .

About Canadian Solar

Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost- effective and environmentally friendly solar solutions to support global, sustainable development. For more information, visit http://www.canadiansolar.com

Safe Harbor/Forward-Looking Statements

Certain statements in this press release including statements regarding our expected future shipment volumes, gross and net margins, manufacturing capacities and cell conversion efficiencies, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding the SEC and internal investigations described above as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on June 8, 2009, as amended by its report on Form 20-F/A filed on October 14, 2009. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Source: Canadian Solar
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