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JinkoSolar Unveils 10-Year Product Warranty for Quantum-1 Modules Module provider strengthens bankability with extended coverage SHANGHAI, August 15, 2011 - JinkoSolar Holding Co., Ltd. (“the company") (NYSE: JKS), a fast-growing, vertically integrated solar power product manufacturer headquartered in China, has extended its workmanship warranty on its Quantum-1 solar modules. Effective immediately, Quantum-1 modules will be covered for a period of 10 years, a significant increase on the industry standard five-year policy. The new warranty complements JinkoSolar’s 25-year peak power warranty, namely, a 90% performance warranty for the first 12 years and 80% for the remainder of the warranty period. JinkoSolar’s Quantum-1 modules are produced using pseudo-mono multi-crystalline cells, achieving the benefits of both mono- and multi-crystalline cells and operating at higher efficiencies while maintaining JinkoSolar’s competitive manufacturing costs and long-lasting power performance. The Quantum-1 modules, with an array of 60 solar cells, can perform up to 250Wp. JinkoSolar also offers its customers the option for a positive tolerance of up to 0-3% in addition to an optional Linear Performance Warranty. “Consumers and installers are making a considerable commitment when installing a PV system, and we want to do everything we can to assure them that JinkoSolar’s Quantum-1 modules are a secure investment now and in the future. It definitely helps recognition and support from our bank partners, which backs up their financing decisions for Jinko modules both in Europe and in the USA.” said Arturo Herrero, Chief Marketing Officer of JinkoSolar. “We take great pride in our product quality, controlled through our vertically integrated production process from the ingot, wafer and cell levels down to our modules. We are confident that our modules will perform optimally over the lifetime of a system, and we are ready to extend our warranty terms to provide an extra safeguard for our valued customers. To address any remaining concerns, we also offer a third-party insurance policy through PowerGuard Specialty Insurance Services,” added Mr. Herrero.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan(2), South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.
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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 JinkoSolar'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.
For investor and media inquiries, please contact:
In China:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@sgyrfw.com
