Shanghai, China, November 17, 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 announces that the rated power of its solar modules assembled by 60 multi-crystalline silicon (“multi-Si”) cells has reached a new milestone of above 280 W.
This newly achieved result, which has been independently confirmed and certified by TUV Rheinland of Germany’s Shanghai Testing Center, sets a record-high 17.2% conversion efficiency to date for the PV panels consisting of 60 regular industrial size (156×156 mm2)multi-Si cells and using a single standard junction box.
“This latest result of above 280W output power achieved from multi-Si modules with 60 cells is the continued effort of our R&D and follows JA Solar’s recently announced progress in reaching new efficiency record of multi-Si solar cells.” said Mr. Jian Xie, president of JA Solar, “this new milestone once again demonstrates JA Solar’s devotion in enabling cost-effectively manufacturing high-performance solar cells and modules to meet the growing demand for high-performance solar power products.”
“The output power of these record-setting solar modules we’ve just made can be further improved by fine tuning our module assembly process and encapsulation materials,” added by Mr. Yong Liu, Chief Operation Officer of JA Solar. “At least another five watts increase is definitely achievable. That will add significant value for our down-stream customers in terms of increasing power generation and reducing installation cost.”
Forward-looking Statements
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. 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, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our 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 ~2.0 GW of solar power products in 2013. 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
For more information, please visit www.jasolar.com or contact ekow@mprg-int.com
