China Sunergy: Collaborative research agreement
NANJING, China - China Sunergy Co., Ltd. (NASDAQ: CSUN), a specialized solar cell and module manufacturer, announced that it has signed a five-year collaborative research agreement with NewSouth Innovations Pty Ltd. (NSi), a wholly owned subsidiary of the University of New South Wales, Australia (UNSW), to substantially improve solar cell efficiency by improving wafer material quality.
The collaborative research aims to combine UNSW's advanced hydrogenation technology with China Sunergy's deep experience in cell process to enhance the electrical properties of silicon wafers, and thereby to obtain significantly higher cell efficiencies. Additionally, UNSW will provide the Company with regular updates on its latest research advancements, and, when necessary, provide training and education at UNSW.
"We are very delighted to collaborate with UNSW and NSi," said Dr. Jianhua Zhao, Chief Technology Officer of China Sunergy. "We believe UNSW is a global leader in hydrogenation technology, and we are optimistic that this collaboration will bring mutual success for all three parties. If this research proves successful, China Sunergy would gain significant competitive advantages and cost savings, as we will be entitled to deploy the resulting technologies throughout our product portfolio."
About NewSouth Innovations Pty Ltd.
NewSouth Innovations Pty Ltd. (NSi) is the gateway to research discoveries and inventions created at the University of New South Wales in Australia. It focuses on transforming research discoveries into successful innovations and products to benefit society, the economy and future generations.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.
For more information, please visit http://www.csun-solar.com.
Investor and Media Contacts:
China Sunergy Co., Ltd.
CSUN Investor Relations
Phone: + 86 25 5276 6666 ext. 6694
Asia Bridge Group Limited
Phone: + 86 10 8556 9033