Trina Solar: Letter of Agreement
Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, announced the signing of a Letter of Agreement with the Massachusetts Institute of Technology ('MIT') to become a member of its Industrial Liaison Program ('ILP'), a program devoted to promoting university-industry collaboration and technology transfer.
Under the terms of the agreement, the ILP will provide Trina Solar facilitated access to MIT and its resources including technology conferences and the possibility to directly access research opportunities with MIT researchers to stay at the forefront of advanced technological developments.
"We are very excited to announce this collaboration with MIT, one of the world's leading research institutes, which is expected to strengthen ties between Trina Solar's State Key Lab of PV Science and Technology and MIT's research teams," said Mr. Jifan Gao, Chairman and Chief Executive Officer of Trina Solar. "Trina Solar and MIT share the same commitment to developing high quality solar electricity solutions for businesses and households worldwide and the Industrial Liaison Program is a great way to bring together top minds in the industry to help drive innovation."
"We are delighted to welcome Trina Solar to join our ILP program and we look forward to working with the Company to develop and sustain a mutually beneficial relationship," said Mr. Karl F. Koster, Executive Director of Corporate Relations from MIT during his visit to the Changzhou Trina PV Park. "As a member of the Industrial Liaison Program, Trina Solar can benefit from MIT's significant expertise and vast resources."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., 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 .
About MIT's ILP Program
The Industrial Liaison Program (ILP) was established in 1948, making MIT the first academic institution with a formal program designed to nurture university/industry collaboration. Now a well-established international program serving about 200 companies and operating within MIT's Office of Corporate Relations, the Industrial Liaison Program is among the world's most successful technology and knowledge transfer programs and continues to lead in the development of innovative tools and methods for facilitating successful university/industry collaboration. For further information, please visit MIT's ILP program website at http://ilp-www.mit.edu/ .
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, Senior Director of Investor Relations
Phone: +86-519-8548-2009 (Changzhou)