Trina Solar: Sales Agreement with Proinso
Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced that it has commenced shipment under a long-term supplier agreement with PROINSO (''Proyectos Integrales Solares S.L.''), a leading distributor for solar photovoltaic equipments and a specialist in engineering services in Spain.
Trina Solar is one of two suppliers to provide PROINSO with PV modules. Shipments for the second quarter of 2009 through 2010 are covered in the supplier agreement. The modules are expected to be used for solar projects in the United States and major European markets including Italy, Greece and Spain. Trina Solar expects to supply PROINSO with up to 25 MW and 50 MW of PV modules in 2009 and 2010, respectively. Prices and quarterly purchase volumes under this agreement are pre-determined through March of 2010. The Company made its first shipment in late June 2009.
''Trina Solar is excited to enter into this agreement with PROINSO, whose renewable energy activities span across several key PV markets,'' said Mr. Arturo Herrero, Vice President of Sales & Marketing at Trina Solar. ''This agreement will further strengthen our relationship with PROINSO and allow Trina Solar to provide high quality modules made from our vertically integrated manufacturing platform.''
"This agreement enforces and confirms the strategic alliance between both companies,'' declared Mr. Gustavo Carrero, Marketing Director of PROINSO. "This relationship assures a high quality technical solution that will enable us to successfully approach diverse PV markets worldwide, always fulfilling the needed requirements in terms of reliability, competitiveness and excellence, proven by Trina Solar in the recent years of our partnership."
About Trina Solar Limited
Trina Solar Limited is a well recognized 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 has 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 .
PROINSO is part of the OPDE Group business group, which is comprised of the following companies: MECASOLAR, PROINSO, and OPDE. The group offers a complete solution that includes dual-axis solar tracker manufacturing, materials engineering and supply, installation and global development and construction of photovoltaic solar plants. In other words, it offers an integrated service that spans the entire photovoltaic business value chain, imparting all of the experience gained from each link. For further information, please visit PROINSO's website at http://www.proinso.net .
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 ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; 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. 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, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Trina Solar Limited
Terry Wang, CFO
Tel: +86-519-8548-2009 (Changzhou)
Thomas Young, Director of Investor Relations
Tel: +86-519-8548-2009 (Changzhou)