NANJING, China, Dec. 18,
2014 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN)
("China Sunergy" or "the Company"), a specialized solar cell and
module manufacturer, today announced the launch of two new sets of
high-output solar modules with rated power of over 270W assembled
with multi-crystalline silicon ("multi-Si") cells and over 325W
assembled with mono-crystalline silicon ("mono-Si") cells. The
Company also announced that its wholly-owned subsidiary, CEEG
(Shanghai) Solar Science
Technology Co., Ltd. ("SST"), was recognized as Shanghai Enterprise
Technology Center by the Shanghai Economy and Information
Technology Commission ("EITC").
China Sunergy's new high power output solar modules' average
power output surpass those of the industry's other mainstream
modules by as much as 15W per module, thereby offering meaningful
efficiency savings to the Company's high-power generation
customers. The new high power output solar modules are rated
at over 270W when assembled with 60 of the Company's
multi-crystalline silicon ("multi-Si") cells, and at over 325W when
assembled with 72 of the Company's mono-crystalline silicon
("mono-Si") cells.
In November 2014, SST was
recognized as Shanghai Enterprise Technology Center by the
prestigious EITC. Of the 36 nominated enterprises on EITC's
Twentieth Shanghai Enterprise Technology Center Award, SST was the
only enterprise from Shanghai's
Songjiang District.
Dr. Jianhua Zhao, Chief
Technology Officer of China Sunergy commented, "We are honored to
receive EITC's recognition as the sole representative from
Songjiang District for this year's Shanghai Enterprise Technology
Center Award. Continuing with our blueprint of converting
success in the R&D lab into innovative commercial products, we
are excited with the launch of our new industry-leading high power
output modules. We are committed to driving sustainable
growth by continually advancing our products and brand through
technological innovations."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and
delivers high efficiency solar cells and modules to the world from
its production centers based in China and Turkey. China Sunergy also invests in high
potential solar projects. Founded in 2004, China Sunergy is well
known for its advanced solar cell technology, reliable product
quality, and excellent customer service.
For more information, please visit
http://www.csun-solar.com.
Investor and Media Contacts:
China Sunergy Co., Ltd.
Investor Relations
Phone: + 86 25 5276 6666
Email: IR@chinasunergy.com
Asia Bridge Group Limited
Wendy Sun
Phone: + 86 10 8556 9033
Email: wendy.sun@asiabridgegroup.com
Safe Harbor Statement
This announcement may contain 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 facts in this announcement are forward-looking
statements. These forward-looking statements are based on current
expectations, assumptions, estimates and projections about the
Company and the industry, and involve known and unknown risks and
uncertainties, including but not limited to, the Company's failure
to maintain its listing qualification due to, among other things,
volatility in the Company's ADS price; the Company's ability to
raise additional capital or renew existing bank borrowings as they
become due to finance the Company's activities; the Company's
customers' financial condition and creditworthiness, and their
ability to settle accounts receivables; the effectiveness,
profitability, and the marketability of its products; litigations
and other legal proceedings, including any decisions by the US
International Trade Committee and Department of Commerce on the
petitions filed; the economic slowdown in China and elsewhere and its impact on the
Company's operations; demand for and selling prices of the
Company's products, execution of our strategy to expand into
downstream solar power businesses, the future trading of the common
stock 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; future shortage or availability of the supply of
raw materials; impact on cost-competitiveness as a result of
entering into long-term arrangements with raw material suppliers
and other risks detailed in the Company's filings with the
Securities and Exchange Commission. 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, it cannot assure you that its
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
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SOURCE China Sunergy Co., Ltd.