Trina Solar Limited (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic (PV) products from ingots to modules, today announced through its subsidiary, Changzhou Trina Solar Energy Co. Ltd., the extension of its national distribution agreement with Australia’s leading renewable energy distributor, RF Industries Pty Ltd. (“RFI”).
The agreement, initially signed in January 2010, has been extended until December 31, 2012. Under the terms of the agreement, Trina Solar recognizes RFI as their exclusive distributor in Australia, and is expected to supply RFI with up to 40 MW of PV modules during 2011.
“We are pleased that RFI has extended the distribution agreement with us in Australia, demonstrating their trust and confidence in Trina Solar’s premium solar products,” said Mr. Jifan Gao, Chairman and CEO of Trina Solar. “We believe the renewal and expansion of our long-term relationship will help us grow in this key, fast growing solar-friendly market.”
“We are proud to expand our existing successful partnership with Trina Solar and look forward to offering their exciting product range to our customers in 2011,” said Scott Magee, Managing Director of RFI Solar. “As a key distributor and integrator in the Australian solar PV market, supplier relationships are critical to our success. We believe this positive partnership with Trina Solar will deliver additional value to our customers, allowing us to provide our customers with access to innovative PV applications from one of the world’s premier solar brands.”
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar’s products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar’s website at http://www.trinasolar.com.
RF Industries Pty Ltd. (RFI) is Australia’s leading distributor and integrator of solar modules and has been supplying Australia with solar electric power systems for more than 30 years. Servicing professional installers nationwide, RFI has built a strong reputation in supply of both on-grid and off-grid systems for residential, industrial and commercial applications. The company has its’ headquarters and national distribution centre in Sydney, and offices in Melbourne, Brisbane, Perth and Adelaide with over 200 staff. For further information, please visit www.rfi.com.au.
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 the Company’s activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the 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; the volatility of the Company’s operating results and financial condition; 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 to 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.