Hanwha SolarOne Signs 20 MW Module Supply Contract in China

Dec 04, 2014, 03:00 ET from Hanwha SolarOne Co., Ltd.

SHANGHAI, Dec. 4, 2014 /PRNewswire/ -- Hanwha SolarOne Co. Ltd. (the "Company", or "Hanwha SolarOne"), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced it has been awarded a module supply contract to provide Hong Solar Co., Ltd. a total of 20 MW of Hanwha SolarOne's high quality E-star modules. Shipments began in November and are on schedule to be completed by December 2014 to the utility-scale project located in Baotou, Inner Mongolia.

"As a tier 1 solar manufacturer, Hanwha SolarOne continues to provide customers like Hong Solar, highly efficient, dependable modules," said Mr. Jay SEO, Chief Financial Officer of Hanwha SolarOne. "We are pleased that our recent concentration on branding and marketing in China is paying off as our sales momentum grows in the country. We hope 2015 will be a defining year for the company, especially in China as we look to further gain market share," concluded Mr. Seo.

About Hanwha SolarOne                  

Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) is one of the top 10 photovoltaic module manufacturers in the world, providing cost-competitive, high quality PV modules. It is a flagship company of Hanwha Group, one of the largest business enterprises in South Korea. Hanwha SolarOne serves the utility, commercial, government and residential markets through a growing network of third-party distributors, OEM manufacturers and system integrators. The company maintains a strong presence worldwide, with a global business network spanning Europe, North America, Asia, South America, Africa and the Middle East. As a responsible company committed to sustainability, Hanwha SolarOne is an active member of the PV Cycle take-back and recycling program. For more information, please visit: www.hanwha-solarone.com.

About Hong Solar Co., Ltd.

Hong Solar Co., Ltd is a professional investment company which focuses on renewable power project development, financing, technology research and development, engineering and systems integration, construction and operational management.

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 Company's 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 in the forward-looking statements. Further information regarding these and other risks is included in Hanwha SolarOne's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hanwha SolarOne Co., Ltd.



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