BAODING, China, Oct. 17, 2012 /PRNewswire-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", invited the DuPont Photovoltaic Solutions China ("DuPont") team to an Innovation Day event at its Baoding headquarters. DuPont is the leading supplier of materials to the solar photovoltaic ("PV") industry, with the exception of silicon.
The Innovation Day event was designed to further strengthen the relationship between Yingli Green Energy and DuPont. During the day-long event, two companies exchanged views on photovoltaic materials and technology roadmap, downstream marketing strategies and manufacturing process optimization. The two companies also identified several opportunities for R&D collaboration in PV and other fields.
"DuPont is a company with a strong global network and is well-known for its experience and expertise in materials science, technology and innovation in the solar industry and many other fields. Yingli has always committed to advance technology and innovation. Through close interactions with DuPont such as at the Innovation Day event, we create a good platform upon which to exchange ideas, thoughts and concepts of technology innovation," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
"We are delighted to have this opportunity to more closely collaborate with the Yingli management and technician teams. It helps us further understand the company's strategy, product roadmap, technology development and unique corporate culture," said Mr. Jim Guo, Regional Business Director, Asia Pacific, DuPont Microcircuit Materials.
Yingli Green Energy entered into a strategic agreement with Dupont for the research and development of PV materials in February 2012. By using DuPont™ Solamet® photovoltaic metallization pastes and protective backsheet made with DuPont™ Tedlar® polyvinyl fluoride film, Yingli Green Energy is able to improve the cell conversion efficiency and lifetime of its PANDA modules.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. In August 2012, Yingli Green Energy reached a balanced vertically integrated production capacity of 2,450 MW per year, from facilities located in Baoding, Haikou, Tianjin and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.com.
About DuPont Photovoltaic Solutions
DuPont™ Solamet® photovoltaic metallizations and Tedlar® polyvinyl fluoride films are part of a broad and growing portfolio of products represented by DuPont Photovoltaic Solutions, which connects science and technology from across the company on a global scale to help support the dramatic growth in the photovoltaic industry. To learn more about DuPont Photovoltaic Solutions, visit http://photovoltaics.dupont.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," "target" 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:
Qing Miao Director of Investor Relations Yingli Green Energy Holding Company Limited Tel: +86-312-8929787 Email: firstname.lastname@example.org
In the Americas:
Helena Kimball Head of Marketing Yingli Green Energy Americas Inc. Tel: +1-603-5915812 Email: email@example.com
Rebecca Jarschel Marketing Communications Manager Yingli Green Energy Europe GmbH Tel: +49-89-540303412 Email: firstname.lastname@example.org
SOURCE Yingli Green Energy Holding Company Limited