CHANGZHOU, China, June 20, 2011 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from ingots to modules, today announced the introduction of its new product warranty.
With a track record of over ten years experience in the photovoltaic industry, Trina Solar is showing its commitment to quality and performance by improving its warranty support in the areas of product workmanship and performance.
For products delivered commencing June 20, 2011, the Company will extend its product workmanship warranty to ten years, further improving on the industry's standard of five years.
Additionally, the Company has replaced its two-step performance warranty with a linear performance guarantee of its PV module power output. The new 25-year linear performance warranty guarantees that module power output shall not decrease by more than approximately 0.7% per year after the initial year of service. This new warranty applies to Trina Solar's entire product offering portfolio, including both monocrystalline and multicrystalline modules. Combined with the Company's products with positive power tolerance, the new warranty is expected to position Trina Solar's modules as one of the safest investments in the renewable energy marketplace.
"We are proud to take a leadership position to extend our workmanship warranty and provide a linear power performance assurance," said Mark Kingsley, Trina Solar's Chief Commercial Officer. "This improvement will allow us to work closer with our customers and large scale utility projects by allowing better estimates of power output throughout the system life. This development is based on our confidence and history of quality manufacturing and reflects our commitment to continuous innovation to lower the cost of solar provided power through higher cell and module efficiencies, timing saving installation, and system performance."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.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 fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. 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 such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For further information, please contact:
Trina Solar Limited
Terry Wang, CFO
Caroline Jinqing Cai
Phone: + (86) 519-8548-2009 (Changzhou)
Phone: + (86) 10-6566-2256
Thomas Young, Senior Director of Investor Relations
Phone: + 1(408) 459-6706 (San Jose)
Phone: + (86) 10-6566-2256
SOURCE Trina Solar Limited