JIASHAN, China, Dec. 17, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced its microinverter, Micro Replus, has formally obtained a Certificate of Approval from SAA Approvals, a third-party certification body accredited by the Joint Accreditation Service of Australia and New Zealand ("JAS-ANZ") to issue Certificates of Approval for electrical equipment that has proven to comply with the safety requirements of the applicable Australian Standard.
SAA Approval Certification is required by the Australian government before a microinvertor may be exported to and sold in Australia, and demonstrates that Micro Replus meets Australia's safety requirements. Earlier this year, ReneSola received ETL and CEC certifications from Intertek, a worldwide leader in quality assurance and product safety certification, for the sale of Micro Replus in the United States and Canada.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "Now that Micro Replus has received SAA Approval Certification, we believe it will be well adopted by the Australian market. Our SAA, ETL and CEC certifications are a testament to the performance, credibility and safety of our product. Micro Replus increases the energy output of solar modules, especially when covered in shade or debris. We have developed it with the goal of lowering prices for end users while increasing margins for installers through installer-direct turnkey solutions. We hope to capitalize on Australia's fast-growing solar market, as well as on the recent success of our module business, to grow our microinverter business in 2013."
Founded in 2005, ReneSola (NYSE: SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, China, Greece, Spain and Australia. For more information, please visit www.ReneSola.com.
Safe Harbor Statement
This press release contains statements that 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. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future.
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SOURCE ReneSola Ltd.