ET Solar Signs 370MW Solar Cell Procurement Agreement with Neo Solar

Dec 27, 2010, 08:36 ET from ET Solar Group Corp.

NANJING, China, Dec. 27, 2010 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a leading China-based photovoltaic ("PV") system turnkey solution provider and integrated manufacturer of PV products, announced a long term procurement agreement with Neo Solar Power Corp. ("Neo Solar") for a total volume of 370MW solar cells between 2011 and 2013.

During the agreement signing ceremony, ET Solar awarded "Top Partner of 2011" to Neo Solar for the strong business collaboration that the two firms achieved in the past three years.

Mr. Dennis She, President of ET Solar, commented, "The "Top Partner" award carries our appreciation for the high product quality and outstanding customer service that Neo Solar delivered to us. The three-year long term procurement agreement will further strengthen our supply chain management and ultimately benefit our customers. In addition, we have also commenced joint efforts for new product development with Neo Solar. This multi-facet relationship clearly warrants a stronger partnership between the two firms going forward."

"We are thrilled to cooperate with ET Solar, one of the leading solar system companies in China. This agreement further enhances the long-term strategic partnership and competitiveness on both sides. It's our honor that NSP has been chosen as Top Partner by ET Solar since 2009 for two consecutive years. Recently, we have been securing material supplies with upstream manufacturers by consolidating agreements to actively strengthen our support for the clients' growth. We will continue to supply high performance PV cells to ET Solar to expand sales for both parties and advance in global market share," stated Dr. Quincy Lin, Chairman of Neo Solar Power.

About ET Solar

ET Solar is a leading vertically integrated downstream solar power product manufacturer and turnkey solution service provider. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, solar tracking systems and turnkey solution services to its customers in over 50 countries.

About Neo Solar

Founded in December 2005, Neo Solar Power is a leading solar cell manufacturer specializing in research, development, and manufacturing of high efficiency solar cells. Its management team consists of inter-disciplinary experts in semiconductors, electronic systems, silicon raw materials, solar cell processing, and solar energy system engineering.

SOURCE ET Solar Group Corp.