NANJING, China, Dec. 18, 2014 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced the launch of two new sets of high-output solar modules with rated power of over 270W assembled with multi-crystalline silicon ("multi-Si") cells and over 325W assembled with mono-crystalline silicon ("mono-Si") cells. The Company also announced that its wholly-owned subsidiary, CEEG (Shanghai) Solar Science Technology Co., Ltd. ("SST"), was recognized as Shanghai Enterprise Technology Center by the Shanghai Economy and Information Technology Commission ("EITC").
China Sunergy's new high power output solar modules' average power output surpass those of the industry's other mainstream modules by as much as 15W per module, thereby offering meaningful efficiency savings to the Company's high-power generation customers. The new high power output solar modules are rated at over 270W when assembled with 60 of the Company's multi-crystalline silicon ("multi-Si") cells, and at over 325W when assembled with 72 of the Company's mono-crystalline silicon ("mono-Si") cells.
In November 2014, SST was recognized as Shanghai Enterprise Technology Center by the prestigious EITC. Of the 36 nominated enterprises on EITC's Twentieth Shanghai Enterprise Technology Center Award, SST was the only enterprise from Shanghai's Songjiang District.
Dr. Jianhua Zhao, Chief Technology Officer of China Sunergy commented, "We are honored to receive EITC's recognition as the sole representative from Songjiang District for this year's Shanghai Enterprise Technology Center Award. Continuing with our blueprint of converting success in the R&D lab into innovative commercial products, we are excited with the launch of our new industry-leading high power output modules. We are committed to driving sustainable growth by continually advancing our products and brand through technological innovations."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ: CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.
For more information, please visit http://www.csun-solar.com.
Investor and Media Contacts:
China Sunergy Co., Ltd. Investor Relations Phone: + 86 25 5276 6666 Email: IR@chinasunergy.com
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Wendy Sun Phone: + 86 10 8556 9033 Email: email@example.com
Safe Harbor Statement
This announcement may contain 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 facts in this announcement are forward-looking statements. These forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company and the industry, and involve known and unknown risks and uncertainties, including but not limited to, the Company's failure to maintain its listing qualification due to, among other things, volatility in the Company's ADS price; the Company's ability to raise additional capital or renew existing bank borrowings as they become due to finance the Company's activities; the Company's customers' financial condition and creditworthiness, and their ability to settle accounts receivables; the effectiveness, profitability, and the marketability of its products; litigations and other legal proceedings, including any decisions by the US International Trade Committee and Department of Commerce on the petitions filed; the economic slowdown in China and elsewhere and its impact on the Company's operations; demand for and selling prices of the Company's products, execution of our strategy to expand into downstream solar power businesses, the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; 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; future shortage or availability of the supply of raw materials; impact on cost-competitiveness as a result of entering into long-term arrangements with raw material suppliers and other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to 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 its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
SOURCE China Sunergy Co., Ltd.