Trina Solar Announces the Establishment of Changzhou Trina International School
CHANGZHOU, China, Jan. 4, 2012 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced the establishment of the Changzhou Trina International School.
The initiative is driven by investment from the Changzhou State-Owned Asset Investment Corporation, Changzhou Trina Solar Energy Co., Ltd., and the Changzhou Foreign Language School. The Changzhou Trina International School is also supported by the Changzhou New District Government and the Changzhou Education Bureau.
The international school will primarily attract children from the expatriate community, as well as students from within Jiangsu Province who have demonstrated outstanding academic achievement. The goal of creating a school of recognized international standards is to meet the city's growing demand for a first-class international education service, and will serve as an important pillar to attract international talents to Changzhou. The private school will provide international curricula for kindergarten, elementary, middle school and high school students, and is expected to open operations in the fall of 2012. The Company will invest an estimated $11.9 million for an approximate 31% equity stake.
"We are extremely proud to be involved in the establishment of the Changzhou Trina International School, which will help to educate young people and promote academic excellence in an environment of cultural diversity," said Jifan Gao, Chairman and CEO of Trina Solar. "This non-profit venture will meet the educational needs of the children of the foreign expatriate community, as well as outstanding students from the province.
In addition to providing benefits in line with our Corporate Social Responsibility commitments, we believe the school's establishment will offer Trina Solar a strategic competitive advantage in attracting and retaining first class solar industry management over the long term, as well as R&D talent to complement the opening of our National PV Research Laboratory within our Changzhou Trina PV Park."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., 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 silicon 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 Company's ability to operate as a public 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; demand in various markets for solar products; 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; 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: |
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Trina Solar Limited |
Brunswick Group |
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Terry Wang, CFO |
Caroline Jinqing Cai |
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Phone: + 86.519-8548-2009 (Changzhou) |
Phone: + (86) 10-6566-2256 |
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Thomas Young, Vice President, Investor Relations |
Michael Fuchs |
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Phone: + 86.138-6118-3779 (Changzhou) |
Phone: + (86) 10-6566-2256 |
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Email: [email protected] |
Email: [email protected] |
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SOURCE Trina Solar Limited
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