Starts Mass Production of High Efficiency PERC Technology
CHANGZHOU, China, January 20, 2015 /PRNewswire/ — Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic modules, solutions, and services, today announced the launch of two new high-efficiency modules, the Honey Plus (PC05A (II)), a multi-crystalline module and the Honey M Plus (DC05A (II)), a mono-crystalline module, which offer average power outputs of 275W and 285W, respectively. In addition, the Honey Plus (PC05A (II)) offers an average cell efficiency of 18.7% while the Honey M Plus (DC05A (II)) offers an average cell efficiency of 20.4%. The Honey Plus and Honey M Plus modules offer significant upgrades on Trina Solar’s previous Honey and Honey M modules.
The improved efficiency delivered by both modules is due to the adoption of a Passivated Emitter and Rear Cell (PERC) technology, which enables greater energy production and better performance, including in low light environments. Equipped with an advanced 5-busbar technology, these two products offer the advantages of lower series resistance, increased Cell-to-Module ratio (CTM) and enhanced reliability.
"We are proud to launch these new, high efficiency modules," said Zhiguo Zhu, Module Business Unit President of Trina Solar. "Our Honey Plus and Honey M Plus modules use our leading PERC technology which recently broke the world record for efficiency. Launching these new products once again demonstrates our efforts to apply and commercialize our advanced cell technology to high efficiency modules. Our outstanding track record in product development and performance is thanks to our professional scientific research, strict quality controls and reliability testing. Our deep commitment to R&D and to delivering high quality products ensures our leading position in a very competitive PV industry. We continue to develop our technology to provide customers with a diversified product portfolio that meets the needs of residential, commercial and utility end-users."
The two modules will be available in select markets in the first half of 2015 with a worldwide launch scheduled in 2016.
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company’s industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.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, the Company’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 Company’s ability to operate as a public company; the period of time for which the Company’s current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; 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 Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or 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 such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For further information, please contact:
Trina Solar Limited
Teresa Tan, CFO (Changzhou)
Phone: +86-10-5960-8600 (Beijing)
Investor Relations Director
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