LUXEMBOURG and DONGYING, China, June 11, 2012 /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 confirmed the highest approval of Brazil's National Institute of Metrology, Quality and Technology (Inmetro) certification for their photovoltaic (PV) systems, and that Donauer Solar do Brasil Ltda. will represent CNPV premium quality modules distribution in this region, allowing for further market penetration into South America.
Inmetro was created in December 1973 to support Brazilian enterprises by increasing their productivity and improving the quality of goods and services. In 2002, Inmetro created a specialized group for evaluating solar PV systems and has developed stringent standards for appraising all elements of the solar PV end user chain. Products on Inmetro's approved list are certified on a scale of A through E for their quality, technical competence and energy efficiency. Very few submitted products are able to attain the "A" rating.
The CNPV-Donauer strategic partnership is capable of delivering impressive penetration into highly competitive markets. For the Brazilian arena, the tactical approach of delivering the specialized skills of both Companies ensures that end users participate in ongoing, uninterrupted, major solar power harvesting.
"The high potential of the South American market is a big draw for any participant within the solar PV industry," explained Mr. Donauer, CEO of Donauer Solartechnik. "We are sure, and willing to demonstrate in detail, that the Donauer-CNPV alliance extends greater benefit to end users and investors. The Inmetro certification is one step in the process of confirming the superiority of the offering, with the modules attaining the coveted "A" class rating without problems. Additionally, we can clearly show that CNPV's extended solar power harvesting capability, combined with our own accrued and inherent skills make the real positive difference to a project's profitability."
Mr Bypina Veerraju Chaudary, CNPV's COO&CTO expanded the topic: "The South American market is indeed a high priority as the key participants develop their requirements. Ensuring customer satisfaction controls our actions, and establishing a class "A" rating for our products from Inmetro is a contributing factor to our customers' long-term profitability. We are excited to be a part of the emergent South American market, and eagerly anticipate the new local techno-commercial conditions upon which we thrive. With Donauer's proficient team ensuring trouble-free conversion and installation, and our own approved "A" modules delivering more for longer, our customers can enjoy proven performance that is unsurpassed within this market."
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
About Donauer Solartechnik Vertriebs GmbH
Donauer Solartechnik Vertriebs GmbH is a leading German based project developer and distributor of solar photovoltaics and solar thermal solutions. They focus on the conception of individual systems and the highest product quality. With offices in Germany, Munich, Portugal, Italy, France, Belgium, Oman and Brazil and selling agencies in Greece, Turkey, UK and Austria they are ideally placed to offer rapid and effective support to their client base. Please visit the websites: www.donauer.eu / www.donauer.com.br
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, Chief Operating Officer
Scott Zhang-Investor Relations,
Donauer Solar do Brasil Ltda.
Marco Nowak, Managing Director
SOURCE: CNPV Solar Power SA and Donauer Solartechnik Vertriebs GmbH