LUXEMBOURG/DONGYING, PR China, November 2, 2010/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 that it has entered into a strategic agreement with the Shengli College China University of Petroleum (CUP) in sponsoring student scholarships.
The agreement was signed at a celebratory ceremony by the university’s President, Madame Zhang Lingling and CNPV’s CEO Mr. Zhang Shunfu. Excitement was clearly visible from both signatories, wherein CNPV is sponsoring scholarship funding to 31 students during 2010.
There are 3 categories of scholarships provided by CNPV including assistance to high performing students from financially disadvantaged families, students achieving consistent academic excellence and a top award to the student whose academic performance exceeded all others.
Mr Zhang Shunfu CEO of CNPV said, “We want to make sure that deserving financially disadvantaged students can finance their education, and when they graduate they have the opportunity to embark on a successful career. We are looking to these individuals to work with CNPV in the future.” Mr. B. Veerraju Chaudary COO, CTO & Member of the Board of CNPV added that “CNPV’s core values of corporate citizenship include the responsibility to recognize and encourage academically talented students, foster employee loyalty, initiate promising relationships with students, and identify potential candidates for internships and employment. We hope to increase CNPV’s scholarship support to the university in the future as together we provide the results of developing the knowledge wealth that is present within Dongying.”
Accepting the donation on behalf of China Petroleum University, President Madame Zhang Lingling expressed her gratitude to CNPV towards its new initiation of sponsoring scholarships, investing in the future of the people, and providing motivation to all to excel in their academic growth .
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. CNPV 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 Shengli College China University of Petroleum (CUP)
China University of Petroleum (Huadong) has two campuses respectively in Dongying and Qingdao. The university has Graduate School, 13 faculties (College of Geo-Resources and Information, College of Petroleum Engineering, College of Chemistry and Chemical Engineering, College of Electromechanical Engineering, College of Information and Control Engineering, College of Storage & Transportation and Architectural Engineering, College of Computer and Communication Engineering, College of Economics and Management, College of Mathematics and Computational Science, College of Physics Science and Technology, School of Foreign Studies, School of Humanities and Social Sciences, Department of Physical Education), School of Military Reserve Officers, Advanced Vocational College, College of Distance and Continuing Education. The university has over 1,400 professional teachers, of whom 683 professors and associate professors, 739 doctoral supervisors and Master tutors.
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
B.Veerraju Chaudary, COO, CTO & Member of the Board
James Qi, CFO
Bill Milewski, VP-Investor Relations,
SOURCE: CNPV Solar Power SA