Hanwha Q CELLS announces U.S. debut of its Q.ANTUM 60 cell black frame module and its Q.ANTUM 1500V UL and IEC certified 72 cell module

THALHEIM, Germany, June 1, 2016 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS") (NASDAQ: HQCL), today announced that it will launch two new polycrystalline Q.ANTUM solar modules to the U.S. market. The Q.PLUS BFR-G4.1, available from July of this year, is a 60 cell solar module designed to optimize the price-performance ratio in rooftop installations. The 72 cell solar module Q.PLUS L-G4.2 is an optimized module solution for large scale deployment with power classes of up to 340 watts and is UL and IEC 1500V certified. Both solar modules are powered by Hanwha Q CELLS' proprietary Q.ANTUM technology based on the rear side passivation of solar cells and utilizes additional features to optimize the efficiency and performance of the PV cells to reduce the LCOE ("levelized cost of electricity").

Q.PLUS BFR-G4.1: ideal for residential and commercial & industrial ("C&I") rooftop installations 

Powered by Q.ANTUM cell technology, the 60 cell Q.PLUS BFR-G4.1 solar module reaches power classes of up to 280 watts. Thus, the polycrystalline module's performance is comparable to mono BSF products. Moreover, the Q.PLUS BFR-G4.1 offers excellent performance in both hot climate zones (temperature coefficient: − 0.40 %/K) and in cloudy regions (low-light behaviour: 97.5 % at 200 W/m²). Combining an optimized price-performance ratio with excellent performance in moderate and hot climate conditions makes the Q.PLUS BFR-G4.1 the ideal choice for residential and C&I rooftop installations in the U.S.

Q.PLUS L-G4.2: ideal for large utility deployments and is UL and IEC 1500V certified

The 72 cell polycrystalline solar module Q.PLUS L-G4.2 helps U.S. utilities optimize system performance and cost structure by reducing BOS costs in large scale solar power plants. Q.ANTUM technology pushes module power classes up to 340 watts, making it one of the most powerful polycrystalline solar modules in the market today, and is both UL and IEC 1500V certified.

Mr. Justin Lee, President of Hanwha Q CELLS America said, "We believe our new product series will continue to provide excellent quality and outstanding performance-price ratios for those who choose Hanwha Q CELLS, allowing us to further assert our growing leadership position in the U.S. market."

Q.ANTUM technology

This proprietary cell architecture is based on a rear-side passivation of the solar cell and includes many additional technological features for maximum energy yield under harsh conditions. Q.ANTUM improves power output, low-light and temperature-behavior, while at the same time offering all of Q CELLS' VDE certified quality standards like Anti-PID protection, Hot-spot protect, and Tra.Q laser marking. Q.ANTUM technology has been developed and matured by Hanwha Q CELLS and today is being mass produced from its manufacturing sites in South Korea and Malaysia to meet increased demand from the U.S. and elsewhere globally.

About Hanwha Q CELLS

Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world's largest and most recognized photovoltaic manufacturers for its high-quality, high-efficiency solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ). With its diverse international manufacturing facilities in South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit http://investors.hanwha-qcells.com.

Safe-Harbor Statement

This press release contains forward-looking statements. These statements 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. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS' operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hanwha Q CELLS Co., Ltd.

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