BAODING, China, Jan. 15 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced the Ministry of Science and Technology of China has approved the application to establish the first national-level key laboratory in the field of PV technology development, the State Key Laboratory of PV Technology (the "Laboratory"), at Yingli Green Energy's manufacturing base in Baoding.
Yingli Green Energy has actively devoted technology and management resources to facilitate both the application and the initial set-up of the Laboratory. The State Key Laboratory will be established with the mission of driving the Chinese development of world-class PV technology in China. Yingli Green Energy expects to enjoy priority rights to commercialize technologies developed in the Laboratory at the Company's production lines. The Laboratory, as an independent research entity, has had the support of Baoding Yingli Group Company Limited, an affiliate of the Company, throughout the application process to satisfy relevant application criteria.
"We are pleased to announce the establishment of the State Key Laboratory at our manufacturing base in Baoding," commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. "We believe technological innovation is essential to our position as a global leader in sustainable energy solutions and key to the quality and cost structure of our products. With increasing support from both the public and private sectors, we believe the Laboratory has the potential to positively contribute to the development of the PV industry as a platform for the commercialization of cutting-edge PV technologies, as well as a center for academic and professional training."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com .
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of 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. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward- looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact: In China: Qing Miao Director, Investor Relations Yingli Green Energy Holding Company Limited Tel: +86-312-3100-502 Email: email@example.com Courtney Shike Brunswick Group LLC Tel: +86-10-6566-2256 Email: firstname.lastname@example.org In the United States: Katie Cralle Brunswick Group LLC Tel: +1-212-333-3810 Email: email@example.com
SOURCE Yingli Green Energy Holding Company Limited