LUXEMBOURG and DONGYING, China, Nov. 1, 2011 /PRNewswire-Asia/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today announced the appointment of Mr. Ponsekar Periyanadar as Vice President Sales and Marketing, South Asia.
"Our continued expansion into emergent markets continues unabated," explained Mr. Zhang Shunfu, CNPV’s CEO, and Mr Bypina Veerraju Chaudary, CNPV's COO. "The appointment of Mr. Ponsekar will provide additional structure, direction, service and strategy in our unremitting goal of delivering more against our customer's key objectives. We are particularly delighted to welcome Mr. Ponsekar into our organisation with his wealth of experience, such that it will greatly facilitate our ability to look inwards at our Company with a new set of eyes and ensure we do not become complacent."
With a first class degree in Mechanical Engineering, gained at Madurai Kamaraj University, India, and as a Certified Energy Auditor, from Bureau of Energy Efficiency, Ministry of Power, New Dehli, Mr. Ponsekar has significant academic qualifications and expertise that have been supplemented with extensive and relevant industry experience.
Over 21 years of professional experience in the power sector with more than 11 of these years in a leadership role within the solar photovoltaic industry has been obtained as a result of working with Tata BP Solar India Ltd, and Reliance Industries Ltd. Excellent techno-commercial knowledge on large grid connected solar power plants and specialized rooftop and Off-grid Solar power plants for wide range of applications covering Green Buildings, Banking, Railways, Telecom, Oil & gas, Defence, Highway infrastructure, and other governmental sector make Mr. Ponsekar ideally placed to guide, support and gain high customer satisfaction. The net effect is part of the CNPV strategy; Profitable growth to the client, and CNPV will attain similar gains.
Mr. Ponsekar will be located in Bangalore, southern part of India to best serve the South Asian market. Reporting directly to Mr. Bypina Veerraju Chaudary, Chief Operating Officer of CNPV, he will increase the effectiveness of the regional support and the efficiency of the Company as a whole.
CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Solar Power Company Limited, is a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules. Reliability & longevity are built into our world-class crystalline solar photovoltaic modules, which undergo rigorous internal tests and external certifications (IEC61215, IEC61730, UL, and CE) to ensure peak performance and safety. For further information, please visit CNPV's website at http://www.cnpv-power.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, CNPV's ability to raise additional capital to finance its 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 Euronext in Paris. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies 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.
For more information, please contact:
CNPV Solar Power SA
Bypina Veerraju Chaudary, COO&CTO
Bill Milewski, VP-Investor Relations,
Ponsekar Periyanadar, VP Sales & Marketing-South Asia
Tel: +91-9611 333011
SOURCE: CNPV Solar Power SA