GUELPH, Ontario, May 23, 2016 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it will showcase the Dymond module and SuperPower module at the 2016 SNEC PV Power Expo to be held on May 24 to May 26, 2016 in Shanghai New International Expo Center.
The Dymond module is a double glass module, and is available in both 72-cell CS6X-P-FG Dymond and 60-cell CS6K-P-FG Dymond configurations, each offering state-of-the-art product design and unique product features:
- built with heat-strengthened glass to replace the traditional polymer back-sheet
- more resistant to Potential Induced Degradation (PID), with anti-PID cells and encapsulation material
- well suited for harsh environments like high humidity, high temperature, sandstorm and ultraviolet (UV) conditions
- lower annual power degradation, with the first year annual power degradation of 2.5% and 0.5% each year afterwards, resulting in a 30-year power warranty
- designed to enable 1500V applications to lower overall system cost
Canadian Solar has shipped hundreds of megawatts of Dymond modules to its global customers since its launch in 2014, receiving great market feedback, as the Dymond module, with longer product lifetime and higher reliability, increases customers' return on investment due to increased energy yield.
The SuperPower CS6K-295MS module will make its debut at this exhibition. Consisting of 60 Passivated Emitter and Rear Cell (PERC) monocrystalline solar cells, the SuperPower module boasts power output of 295 watts. In addition, the SuperPower module has the following unique features:
- better low light performance, with the average module efficiency under low light irradiance condition (0.2 Sun) reaching over 97.5% of that under Standard Test Condition (STC)
- lower temperature coefficient improves the module's per watt actual power output
- lower Light Induced Degradation (LID) - LID is over 30% lower than that of a standard mono solar module
- 5 bus bar cell design enhances product reliability
- a robust and reliable solution for seaside/farmland PV system installation
- a 25-year linear power output warranty and a 10-year product warranty on materials and workmanship
Mass production of the SuperPower module began in Q1 2016 and further volume ramp-up is expected for 2016 and beyond.
"We are delighted to showcase our groundbreaking Dymond and SuperPower modules at this exhibition," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "Canadian Solar is committed to delivering innovative, high-performance and cost competitive products to our global customers to meet their diversified demands for solar products. We sincerely invite every one of you to come to our booth, # W5-330, at SNEC to explore more of Canadian Solar's industry-leading product offerings."
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 14 GW of premium quality modules in over 90 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on Facebook, Twitter, LinkedIn, or on the website.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release regarding the Company's expected future shipment volumes, gross margins, business prospects and future quarterly or annual results, particularly the management quotations and the statements in the "Business Outlook" section, 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 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 from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; continued success in technological innovations and delivery of products with the features customers demand; 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 20, 2016. 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. Investors 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.
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SOURCE Canadian Solar Inc.