SHANGHAI, Sept. 26, 2014 – JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or the “Company”), one of the world’s largest manufacturers of high-performance solar power products, today announced that it achieved 20% solar energy conversion efficiency in its multi-crystalline silicon (“multi-Si”) solar cell. By using advanced proprietary light trapping and surface passivation technologies, the JA Solar research team attained this absolute 1% increase in conversion efficiency only nine months after announcing the realization of 19% efficiency in its multi-Si cells.
Mr. Yong Liu, Chief Operating Officer of JA Solar, commented: “JA Solar set a new world record for multi-Si cell efficiency by breaking the 20% barrier. This accomplishment once again demonstrates JA Solar’s unrivalled ability to advance PV technology, and creates value for our customers by increasing power generation and reducing installation costs.”
Added Dr. Wei Shan, Chief Scientist and General R&D Manager: “Consecutive record-breaking results by our multi-Si solar cells are a great achievement for our R&D team, but, we have only just begun. The confidence we had in surpassing 20% efficiency this year extends now to our expectation to realize even more efficiency gains in the quarters ahead. Furthermore, with these new high performance cells as a foundation, we anticipate setting new performance records at the module level in the near future.”
JA Solar intends to mass produce multi-Si cells using its new technology and integrate its new high-efficiency multi-Si cells into commercial module assemblies in 2015.
JA Solar Holdings Co., Ltd.
+86-21-60955888 / 60955999
sales@jasolar.com; market@jasolar.com
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “may,” “expect,” “anticipate,” “aim,” “intend,” “plan,” “believe,” “estimate,” “potential,” “continue,” and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, the Company’s expectations regarding the expansion of its manufacturing capacities, its future business development, and its beliefs regarding its production output and production outlook. 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. Further information regarding these and other risks is included in Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements, 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.
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world’s largest producers of solar power products. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company distributes products under its own brand and also produces on behalf of its clients. The Company shipped 1.7 GW of solar power products in 2012. JA Solar is headquartered in Shanghai, China, and maintains production facilities in Shanghai, as well as Hebei, Jiangsu and Anhui provinces. For more information, please visit www.jasolar.com.
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