Canadian Solar Partners with PetersenDean on New Roofing Program

SAN RAMON, Calif., Oct. 15, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, announced today it will partner with the largest privately held roofing company in the United States—PetersenDean—on a new roofing program the company is introducing. PetersenDean has launched a successful solar division and will actively promote the new roofing program, capitalizing on its decades of roofing experience to improve the installation quality and costs for installation of a residential solar system.

"Canadian Solar is proud to partner with PetersenDean, a leader in bringing solar to the residential market and well known for quality workmanship and materials," said, Alan King, general manager of Canadian Solar USA. "We are pleased to support this award-winning company in an important new program that will help make clean, renewable energy a reality for consumers nationwide."

"We are committed to our partnership with Canadian Solar, and are pleased to offer its high quality solar products in this exclusive program," said Jim Petersen, CEO of PetersenDean. "We believe that Canadian Solar's fiscal strength, quality products, and strong performance warranty are assets to our program and ultimately our customers."

Canadian Solar's modules have been rigorously tested and awarded international certifications attesting to their quality, reliability and performance. The Company's modules are ranked among the top of the California Energy Commission's Solar Electric Incentive Program for their high PTC efficiency ratings. Canadian Solar is focused on delivering the best value in solar with their recognized high-performance solar modules and backstop warranty.

PetersenDean will kick off the new program at Santana Row, October 19-21. Find out more at www.petersendean.com.

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Africa, Australia and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

About PetersenDean Roofing and Solar Systems

Headquartered in Fremont, California, as the largest privately held roofing and solar contractor in the United States, and operating in 15 regional offices across the United States, PetersenDean offers something few other companies can: the ability to guarantee all products and installations above the roofline. Our commitment to safety, superior quality customer service, and the environment has earned us an industry-wide reputation for excellence.

Safe Harbor/Forward-Looking Statements:

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include risks regarding general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in the Canadian markets; changes in customer order patterns; capacity utilization; pricing pressure and declines in average selling prices; delays in utility-scale project approval process; delays in utility-scale project construction; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 27, 2012. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

SOURCE Canadian Solar Inc.



RELATED LINKS
http://www.canadiansolar.com
http://www.petersendean.com

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