NANJING, China, Jan. 6, 2011 /PRNewswire-Asia/ -- China Sunergy Co., Ltd., (Nasdaq: CSUN) ("China Sunergy" or the "Company") a specialized solar cell and module manufacturer based in Nanjing, China, announced today that it has entered into an approximately 7 MW solar module supply contract with CEEG (Nanjing) Solar Energy Research Institute, for the Nanjing South Railway Station solar roof project. This is the world's largest stand-alone building integrated photovoltaic ("BIPV") project for one structure. A major stop along the Beijing-Shanghai high speed railway, the Nanjing South Railway Station will be one of the most energy efficient public buildings in China.
"China Sunergy is delighted to be the module supplier for the 'largest stand-alone BIPV project in the world," said Mr. Stephen Zhifang Cai, CEO of China Sunergy. "We are very happy to see our high-quality solar panels being used in this landmark project, which will certainly raise public awareness and appreciation of renewable energy. We look forward to playing an increasingly bigger role in building China's eco-friendly projects."
About CEEG Solar Energy Research Institute Co., Ltd
CEEG Solar Energy Research Institute Co., Ltd ("CEEG Institute") is an internationally advanced integrated new energy systems supplier, an affiliate company of China Sunergy. CEEG Institute is engaged in R&D, production, marketing, construction, service of the PV power system and other new energy products covering solar thermal, wind power, hydroelectric power, ground source heat pump, biomass and tidal energy.
About China Sunergy Co., Ltd.:
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the 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 various markets.
For more information please visit http://www.chinasunergy.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 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; 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, 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, they cannot assure you that their 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.