Trina Solar: Licensing 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 licensing, sales and marketing partnership agreement with Zep Solar, Inc., a US based manufacturer of the first comprehensive platform for module-integrated installation hardware. This hardware is expected to deliver significant reductions to total system costs and will become one of the quickest ways to install PV arrays for residential and commercial roof applications.
The Company is targeting to incorporate the patent-protected Zep Groove into Trina Solar module design starting in the third quarter of 2011. Trina Solar's Zep Compatible PV modules and Zep Solar's proprietary installation hardware are also expected to eliminate the use of bulky mounting rails and separate grounding hardware, which will greatly reduce parts count and hardware costs as well as allowing reductions in design, labor, and logistics costs.
Trina Solar plans to sell its new Zep Compatible PV modules, along with Zep Solar's recently updated and expanded Zep System II hardware. The first of such hardware systems are expected to be introduced to the North American, European and Australian markets starting in the third quarter of 2011. Both companies plan to further cooperate in the development of new technologies and tools to deliver innovative solutions to the PV marketplace.
"We are excited to work with Zep Solar, to further enhance the structure and aesthetics of Trina Solar's advanced PV arrays and bring our global customers new products which will allow them to realize considerable design, labor, and logistics cost savings," said Ben Hill, Global Head of Sales and Marketing. "This partnership demonstrates our continued dedication to finding innovative solutions to increase the cost-efficiency of our products and make them more appealing for our target markets."
"We are proud to partner with an industry leader like Trina Solar as they drive total-system cost reductions through the adoption of the Zep Compatible platform," said Mike Miskovsky, President of Zep Solar, Inc. "Trina Solar has been a PV pace-setter in every important dimension, including capacity, quality, innovation and value. This partnership further extends that leadership - and the market reach of Zep Solar's rapidly-expanding PV installation platform - in ways that deliver real value to our shared channel partners and customers."
About Trina Solar Limited
Trina Solar Limited 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 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 Zep Solar
Zep Solar, Inc., based in San Rafael, CA, offers the world's first comprehensive platform for PV system installation. Zep Solar licenses its innovative, grooved frame to PV module companies, and manufactures Zep Compatible installation hardware that mates quickly, safely, and cost-effectively with Zep Compatible PV modules. Zep Solar is accelerating the adoption of solar technology by drastically reducing the cost and complexity of designing, shipping, warehousing, and installing PV systems. To learn more about Zep Solar, visit http://www.zepsolar.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, Senior Director of Investor Relations
Phone: +(86) 519-8548-2009 (Changzhou)
SOURCE: Trina Solar Limited