U.S. Developers and EPC's Commend ReneSola's Quality after Visiting Manufacturing Facilities
ReneSola Opens Factory Doors to Customers
SHANGHAI, Oct. 25, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, invited several of its U.S. customers to tour its Yixing manufacturing facilities in China's Jiangsu province. Customers got an up close and firsthand look at the Company's cell and module manufacturing lines, and environmental testing lab. ReneSola offered this factory tour to show customers its facilities are clean, state of the art and provide above-standard working conditions.
"There sometimes tends to be a negative stigma associated with Chinese manufacturing facilities, which is why we wanted to make it clear to our customers that ReneSola's cell and module manufacturing facilities are among the best in the industry, regardless of the country," said Kevin Chen, president of ReneSola America. "The customers who toured our facilities were really taken back by the cleanliness and quality of our facilities, as well as the quality assurance and the start-to-finish module manufacturing process, to which we pay extremely close attention."
ReneSola's Yixing facilities are comprised of cell and module production lines. The plant's facilities, which continuously operate at full capacity, manufacture approximately 1.2 GW per year in modules and 300 MW per year in cells. The facilities' independent on-site lab provides continuous communication with TUV and UL to uphold its very stringent testing processes and maintain the factory's IEC 61215 listing. This location employs more than 3,300 people, with an additional 300 to be hired by the end of 2012. ReneSola's modules are also insured by PowerGuard, a third-party firm that insures guaranteed power production for the life of the modules. ReneSola leads the PV industry with technology innovation and is the recipient of the prestigious Deloitte Technology Fast 50 award. Customers, who also visited the Company's world headquarters in Shanghai, were pleased with what they observed.
"As a project developer, our concerns are price, product quality and reliability, predictability of delivery, and service and product support. Recently, we had the opportunity to visit ReneSola's manufacturing facilities. We found them to be of the highest quality," said Robert Grant, president and owner of CRL Solar, LLC. "We have vetted numerous manufacturers and believe that ReneSola has the performance characteristics that we need, and the ability to deliver and provide product support as promised. We look forward to working with the ReneSola team on our next project."
Founded in 2005, ReneSola (NYSE: SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. Leveraging its proprietary technologies, economies of scale, and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, China, Greece, Spain, and Australia. For more information, please visit www.ReneSola.com.
Safe Harbor Statement
This press release contains statements that 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. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future.
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SOURCE ReneSola Ltd.