NANJING, China, Sept. 27, 2012 /PRNewswire/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, today announced that its solar modules passed the potential induced degradation test ("PID test") conducted by TUV Rheinland Group, an internationally recognized certification authority which provides neutral test reports and certificates to a wide range of products and services.
The PID test was conducted to assess loss of power output of solar modules under severe conditions of high voltage, high temperature and high humidity. In the recent years, the continuous degradation of solar modules, especially those exposed to humidity, has been one of the largest concerns of solar project owners. Thus, anti-PID performance has become one of the most important factors for solar module buyers in making purchasing decisions.
Under the PID test conditions, China Sunergy's modules are exposed to 1,000 volts of bias voltage for 96 hours at a temperature of 60 degrees Celsius and relative humidity of 85%. In order to pass this extreme test, the maximum degradation of power output between initial and final measurement should not exceed 5%, while the test result of China Sunergy's modules is only 0.1%, well beyond this standard.
Mr. Stephen Cai, CEO of China Sunergy commented, "We are happy to get passed with such superior results. The PID test is an important indicator to prove the quality and reliability of our modules. China Sunergy has also achieved a number of certifications over the years, which attests to our outstanding product quality and continuous improvement in product performance. We are not just focusing on efficiency, but also on safety and quality. We believe these are the main reasons why customers are loyal to us and why we have been able to expand into new markets despite the current challenging market conditions."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilizes crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators and solar power systems for use in China and many other markets. For additional information, please visit http://www.chinasunergy.com.
China Sunergy Co., Ltd.
Phone: +86 25 5276 6696
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 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 ability to raise additional capital to finance the Company's activities; 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.