Canadian Solar Announces Partnership with Fulham Football Club

Aug 22, 2011, 06:06 ET from Canadian Solar Inc.

LONDON, Aug. 22, 2011 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar companies, today announced a partnership agreement with Fulham Football Club (FC), to become their official solar energy sponsor in a two year deal.

The sponsorship deal will see the English Premier League team partner with one of the world's largest solar companies. The sponsorship extends Canadian Solar's active support of top sporting teams globally, including other top European football teams, such as Hannover 96 and 1. FC Nuremberg in Germany's Bundesliga.

As part of this sponsorship, Canadian Solar will receive dedicated marketing, hospitality and advertising privileges. Canadian Solar's logo will be featured at all home games on the digital perimeter advertising system and in other prominent, high visibility areas of the stadium. Canadian Solar will also be featured on the Fulham FC website homepage and other advertising platforms.

Dr. Shawn Qu, Canadian Solar's Chairman and CEO said: "We are very pleased to kick-start our partnership with Fulham and are proud to be named as official solar energy partner. We have a tremendous respect for the athletes, and share in their commitment to winning. We have a long-standing history in supporting top sports clubs, particularly in Europe. These sponsorships provide an ideal way to broaden the awareness of the Canadian Solar brand as well as providing us with strong channel support for our customers."

Finishing 8th in the Premier League last season, and currently competing in the UEFA Europa League playoffs, Fulham is one of the best known clubs in the UK. Owned and chaired by Mohamed Al Fayed, the club is committed to its fans and partnerships which are integral to the brand and the club's history and heritage.

Fulham Football Club CEO, Alistair Mackintosh, said: "Fulham is delighted to partner with Canadian Solar for the forthcoming seasons. They are a leading brand in the solar industry that complements and embodies the core values and principles of Fulham. The partnership will, I am sure, be mutually beneficial and we look forward to successful seasons working together."

Worldwide Sponsoring Activities

Besides the commitment of this deal the company supports two German top-league soccer teams, Canadian Solar has supported other pro league sports teams for years. The company is the sponsoring partner of Italian basketball team Virtus Bologna. In Germany, Canadian Solar supports the EHC Munich hockey top league club. In North America, Canadian Solar sponsors two Major League baseball teams, the New York Yankees and the 2010 World Series Champions San Francisco Giants. In Japan, Canadian Solar sponsors the famous Seibu Lions baseball team.

About Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding the previously disclosed SEC investigation as well as general business and  economic conditions and the state of the solar industry; governmental support for the  deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on May 17, 2011. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

SOURCE Canadian Solar Inc.



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http://www.canadiansolar.com