Canadian Solar Launches New Field-Installable T4 PV Connector for Faster, Lower-Cost PV Installations
GUELPH, Ontario, July 19, 2016 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the company has introduced the new T4 Field-Installable PV Connector portfolio to the North American market.
The T4 PV Connector is a high-quality field-installable PV connector manufactured by TLIAN, a subsidiary of Canadian Solar established in December 2014. The T4 Connector has been in production since May 2015, after being granted state-of-the-art double certification per IEC62852/UL6703 standards, with over 12 million connectors already deployed in field installations.
The T4 Connector is certified for UL 1500V DC system voltage and has an IP68 rating for highest ingress protection for water / humidity - which increases the reliability and long-term stability of the connector significantly compared to the current industry-standard IP67 rating for connectors. In addition, the new Canadian Solar connector portfolio supports a broader operating temperature range of -40ºC～+90ºC to allow the usage in very hot climates such as the Middle East, Central America and others. The NEC-compliant locking mechanism secures against vandalism and against unplugging under load for maximum safety and protection.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said, "We are very pleased to introduce the T4 PV Connector portfolio and all related tools and accessories to the North American market. This high-quality, field-installable connector addresses our customers' need to have reliable and cost-effective connectors, complementing our 1500V DC system. With 12 million connectors already deployed in the field, the T4 PV Connector has proven itself as a reliable milestone further reducing overall PV system costs."
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully shipped over 14 GW of premium quality modules in over 90 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on Facebook, Twitter, LinkedIn, or on the website.
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 general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; 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 UK, Japan, the U.S. and China; 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; delays in utility-scale project approval process; delays in utility-scale project construction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials including solar cell to replace lost production at the Funing solar cell plant during the plant rebuilding and recovery phase; ability to recover weather related damages to the Funing solar cell plant from insurance carriers ; 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 April 20, 2016. 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. Investors 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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