Science & Technology
Science and Technology
Science and Technology
Tue, July 21, 2009
Canadian Solar: Canadian Solar Becomes Member of PV Cycle
TORONTO--(Marketwire - July 21, 2009) - Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (
Dr. Shawn Qu, the Chairman and CEO of Canadian Solar remarked, "Canadian Solar has taken the ideals of sustainability to heart, applying them to our own business practices. Our equipment and services deliver solar power at the best possible environmental, economic and social outcomes for our customers. We continue to proactively take responsibility for developing effective recycling programs. To us PV CYCLE is the ideal platform to concurrently develop trendsetting industry standards by working with other like-minded global companies. We look forward to contributing our services, time and ideas to PV CYCLE and the broader renewables industry."
Jan Clyncke, Managing Director of PV CYCLE, said, "We are honored that Canadian Solar has joined our organization, which now covers around 85% of the European photovoltaic market with its 37 member companies spread around the globe. The company has been an industry pioneer and one of the first to establish strong traction, reaching from China across Europe and worldwide. Canadian Solar shares our commitment to producer responsibility and environmentally friendly policies, as we strive to develop a profitable and sustainable PV solar industry. Doing so will make the photovoltaic industry truly Double Green."
About PV CYCLE ([ www.pvcycle.org ])
PV CYCLE was founded in 2007 with the specific purpose of implementing the photovoltaic industry's commitment to set up a voluntary take-back and recycling program for end-of-life waste PV modules. To produce green and renewable energy, end-of-life modules need to be recovered and recycled. This will minimize waste and allow the re-use of valuable raw materials to produce new modules. The members of PV CYCLE are in the final stages of developing the scheme and aim to present it to the European Commission by spring 2009 for formal acknowledgement. By closing the life cycle of photovoltaic modules, industry players take their responsibility and are "Making the photovoltaic industry Double Green."
About Canadian Solar Inc. (
Canadian Solar Inc. is a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications. Canadian Solar designs, manufactures and delivers solar products and solar systems for on-grid and off-grid use to customers worldwide. Canadian Solar is one of the world's largest solar module producers by manufacturing capacity. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global sustainable development. For more information, visit [ www.canadian-solar.com ].
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on June 8, 2009. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
