Hanwha Q CELLS Supplies 28 MW of Modules to O2 emc

Supply deal to include new thin frame modules with industry leading low light and high temperature performance

May 21, 2015, 05:00 ET from Hanwha Q CELLS Co., Ltd.

SEOUL, South Korea, May 21, 2015 /PRNewswire/ -- Hanwha Q CELLS Co. Ltd. (the "Company" or "Hanwha Q CELLS") (NASDAQ: HQCL), a top-10 global photovoltaic manufacturer of high-quality, high-efficiency solar modules, has signed an agreement with O2 emc to supply 28 megawatts (MW) of solar photovoltaic (PV) modules.

"Hanwha Q CELLS is pleased to be working with O2 again," said Justin Lee, managing director of Hanwha Q CELLS America. "The North Carolina market has become one of the largest markets in the US, and we are excited to be working with a major player in that region." 

The modules will be used at O2 emc's Montgomery Solar plant.  Construction will commence in May and is scheduled to reach completion in November, 2015. 

"This is our second major order in less than a year with Hanwha Q CELLS," said Joel Olsen, O2 emc's CEO. "Hanwha Q CELLS' reputation for high quality manufacturing and long term module performance makes our investors comfortable financing projects using Q CELLS branded modules."

Hanwha Q CELLS' new modules assembled outside of China feature a slimmer frame which reduces material and shipping costs, and industry leading low light and high temperature performance.

All Hanwha Q CELLS modules are backed by a 25-year linear power warranty and 12-year workmanship warranty, as well as UL certification.

About Hanwha Q CELLS

In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, Hanwha SolarOne and Hanwha Q CELLS. The combined company is listed on NASDAQ under the trading symbol of HQCL. It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world's largest solar cell manufacturer as well as one of the largest photovoltaic module manufacturers. Due to its diverse international footprint including facilities in China, Malaysia, and South Korea, Hanwha Q CELLS is in a unique position to flexibly address all global markets, even ones with import tariffs, such as the United States and the European Union. Based on its well respected "Engineered in Germany" technology, innovation and quality, Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top-Ten business enterprise in South Korea. For more information, visit: www.hanwha-qcells.com

About O2 Energies

O2 energies, Inc. is an Independent Power Producer which has developed more than 80 MW of solar farms in the Southeastern part of the US. For more information visit our website at www.o2energies.com

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha SolarOne's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hanwha Q CELLS Co., Ltd.



RELATED LINKS

http://www.hanwha-qcells.com


http://www.o2energies.com