Trina Solar's APMEA Headquarters Formally Commence Operations in Singapore
SINGAPORE, Oct. 23, 2012 /PRNewswire/ -- Trina Solar (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products, announced today at an opening ceremony that its APMEA (Asia Pacific, Middle East and Africa) headquarters in Singapore have been put into formal operation.
"Following the establishment of our APMEA headquarters last year, APMEA countries have continued to step up their support for the solar industry, paving growing demand for PV products, PV-related systems and technological developments," commented Mr. Jifan Gao, Chairman and CEO of Trina Solar. "As an important part of Trina Solar's global strategy, the APMEA headquarters have played a key role in our business development activities during the last year. With the headquarters being put into formal operation, our presence and capabilities in these regions will be strengthened considerably."
Mr. Jifan Gao added, "We would like to thank the Singapore Economic Development Board for their support, which enabled us to formally put our APMEA headquarters into operation quickly and smoothly."
Trina Solar's APMEA headquarters provide management functions covering administration, sales, project development, R&D, logistics and purchasing operations. The administrative regions include Singapore, Thailand, Malaysia, the Philippines, India, Japan, Australia, New Zealand, as well as Korea, the Middle East and Africa.
"We are highly optimistic about APMEA solar opportunities due to both market potential and positive policy support," said Dr. Haiyan Sun, President of APMEA at Trina Solar. "Japan has set attractive Feed-in-Tariffs for solar energy power generation as part of its efforts to replace nuclear power, while both India and Saudi Arabia have proposed ambitious solar power strategies. We also believe Southeast Asia and Africa present solid business opportunities and are encouraged by the fact that solar energy has already reached grid parity in Australia."
Dr. Sun added, "We believe our world-class team based at the APMEA headquarters is well-positioned to support developments in our business as we respond to changes in the global solar market and in particular, the rise of emerging solar markets. Thanks to Singapore's strong local talent pool, we look forward to further growing our team."
"We congratulate Trina Solar, a global solar energy leader, on formally opening its Asia-Pacific, Middle East and Africa Headquarters in Singapore," said Mr. Quek Swee Kuan, Assistant Managing Director of the Singapore Economic Development Board. "We are pleased that Trina Solar is leveraging Singapore's strengths in project development, technological capabilities, availability of talent and connectivity to the region. Trina's APMEA Headquarters will increase the vibrancy of the cleantech industry in Singapore, and affirm Singapore's position as a platform for Asian cleantech enterprises to tap fast-growing regional markets."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com.
Safe Harbor Statement
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, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Trina Solar Limited