DONGYING, China, August 01, 2009/PRNewswire-Asia/ -- CNPV, a leading multi product solar company that produces ingots, wafers, cells & solar modules, and has strong presence in the solar photovoltaic space that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules, today announced the expansion of the product workmanship warranty of their high performance crystalline solar Photovoltaic Modules to 10 years. The new warranty terms apply to all high performacne crystalline Solar Photovoltiac Modules with delivery date June 01, 2009 or later.
The base for these long term warranties, which exceed customer expectations and government requirements, is formed from the company`s approach to use high grade materials and to apply seamless quality controls during the entire manufacturing processes. Stringent functional tests and international certifications confirm the highest requirements for the reliability and durability of all CNPV high performacne crystalline solar photovoltaic modules.
"We firmly believe in the quality of our high performance crystalline solar photovoltaic modules, therefore the extension of the product warranty is a logical result", explains Mr.Zhang Shunfu, CEO and Mr.B.Veerraju Chaudary, COO, CTO & Member of the Board of CNPV. "With this decision we reinforce our demand for quality leadership in the photovoltaic industry, which clearly sets us apart from other providers in the market."
With this annoucement CNPV equips their project developpers, distributors, installers and global partners with a strong instrument for attracting new customers and a major cornerstone for their joint success. Through the expansion of the product warraty investors are given further planning reliability and solar energy projects are again attested to being secure and high yield forms of investment. Long term warranties are a crucial factor when calculating funding and the expected performance of solar energy systems.
China Solar Photovoltaic SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Photovoltaic Power Company Limited, is a leading multi product solar company that produces ingots, wafers, cells & solar modules, and has strong presence in the solar photovoltaic space that designs, manufactures and supplies highly efficient and cost effective terrestrial 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. CNPV uses state-of-the-art technology to offer high quality, innovative crystalline solar photovoltaic solutions that cater to the needs of individual customers, large institutions as well as entire communities' worldwide. 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:
COO, CTO & Member of the Board
Direct Land Line: +86-546-7795053,
Senior Manager- Investor Relations & Financing
Direct Land Line: +86-546-7795078
SOURCE: CNPV Dongying Photovoltaic Power Company Limited