SHANGHAI, China, June 23rd, 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 they have started mass production of their PERICUM Solar Cell
The PERCIUM solar cell, is the first P-TYPE solar cell in the industry to surpass a conversion efficiency of 20%, with an average conversion efficiency of 20.4%. The 6×10 PERCIUM cells module, with an average power rating of 285W, will be put into mass production in approximately one week, with an expectation that they will reach an average power rating of 290W by the end of the year. The move to mass production of the module has been executed in only three months, to try and meet demand.
The 6×10 PERCIUM cells modules were officially launched earlier this year in the Japanese, British, Israeli, Chinese and German markets and have received positive responses, especially from European and Japanese markets.
JA Solar currently has one PERCIUM solar cell production line and will have four by October 2014. It expects to have eight in 2015. The capacity of PERCIUM solar cell is expected to reach 170MW by the end of this year and 350MW next year.
“High conversion efficiency can bring about low system cost per Watt, which means low BOS, transportation, installation and land cost.” said Mr. Yong Liu, chief operation officer of JA Solar. “PERCIUM solar cell uses Passivated backside and local BSF technology to ensure the excellent low-light performance of PERCIUM cells module. High cost performance at the system side can help to reduce cost of power per KWH.”
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.
For more information, please visit www.jasolar.com or contact ekow@mprg-int.com
