LDK Solar Subsidiary Signs Wafer Supply Agreement with Gintech Energy Corporation
GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., April 29, 2014 /PRNewswire/ -- LDK Solar Co., Ltd. in provisional liquidation ("LDK Solar" or the "Company") and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that its Chinese Subsidiary, Jiangxi LDK Solar Hi-Tech Co., Ltd. ("Jiangxi LDK Solar"), has signed a wafer supply agreement with Gintech Energy Corporation, a Taiwanese company listed on the Taiwan exchange with solar cell manufacturing operations. Under the terms of the agreement, Jiangxi LDK Solar will provide wafers totaling 850 megawatts with shipments commencing in April 2014 through March 2018.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, uncertainties relating to the ability of Company to successfully restructure its debt obligations, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
About Gintech Energy Corporation
Founded in 2005, Gintech Energy Corporation is committed to becoming a transcendent player in the solar energy industry. Gintech's mission is to deliver high quality solar products with world-renowned partners and collaborates seamlessly with leading international suppliers to bring the world a cleaner energy. For more information about Gintech Energy Corporation, please visit www.gintechenergy.com.
About LDK Solar in provisional liquidation
LDK Solar Co., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.
SOURCE LDK Solar Co., Ltd.