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? SHANGHAI, March 24, 2011 /PRNewswire via COMTEX/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), a fast-growing, vertically integrated solar product manufacturer with low-cost operations based in China, today announced that it has signed a one-year supply agreement with Lumos Solar, a leading solar design, development and distribution company in the U.S. According to the terms of the agreement, JinkoSolar will produce 6 megawatts ("MW") of frameless LSX modules as well as traditional Lumos-framed modules under a co-branded label "Lumos powered by Jinko" to be shipped in the second quarter of 2011. "JinkoSolar's entire manufacturing process, from the production of silicon ingots to the construction of solar modules, is done under one roof to ensure the highest quality standards with minimum cost and waste," explained Scott Franklin, CEO of Lumos. "Given Lumos' solar equipment design approach to provide the highest quality products through competitive pricing, distinguished aesthetics and speedy installation, we're thrilled to be working with such a world-class manufacturer." "The agreement between Lumos and JinkoSolar gives us a chance to launch this game-changing installation technology into the market," explained Mr. Franklin. "The superior cosmetics and lower installation costs of LSX get us closer to grid parity and the mainstream adoption of solar power." Arturo Herrero, JinkoSolar's chief marketing officer, further commented, "We are excited to work with Lumos, whose strong commercial and residential presence in Colorado provides us with an excellent opportunity as we expand our business in the U.S., where we see enormous potential. To date, approximately 7% of our 2011 order book will be shipped to the U.S., and we expect that the shipment volume to increase throughout the year." Mr. Herrero continued, "Lumos' installation capacity has been growing rapidly, with the potential for even stronger growth with the launch of their LSX Module System. The LSX technology can not only be applied in the U.S. but also in Europe where commercial and residential segments often require fully integrated solutions for PV roofing systems. We are excited to join them in introducing this technology to the solar sector and are confident our high-quality solar modules and customer service will contribute to the growth of Lumos and the solar industry as a whole. Given Lumos' strong presence in the U.S. with its proprietary LSX system, we expect to further strengthen our cooperation in the near future."
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
