Trina Solar's APMEA Headquarters Formally Commence Operations in Singapore
SINGAPORE, Oct. 23, 2012
SINGAPORE, Oct. 23, 2012 /PRNewswire/ --Trina Solar (NYSE:TSL) ("Trina Solar"
or the "Company"), a leading integrated manufacturer of solar photovoltaic
(PV) products, announced today at an opening ceremony that its APMEA (Asia
Pacific, Middle East and Africa) headquarters in Singapore have been put into
"Following the establishment of our APMEA headquarters last year, APMEA
countries have continued to step up their support for the solar industry,
paving growing demand for PV products, PV-related systems and technological
developments," commented Mr. Jifan Gao, Chairman and CEO of Trina Solar. "As
an important part of Trina Solar's global strategy, the APMEA headquarters
have played a key role in our business development activities during the last
year. With the headquarters being put into formal operation, our presence and
capabilities in these regions will be strengthened considerably."
Mr. Jifan Gao added, "We would like to thank the Singapore Economic
Development Board for their support, which enabled us to formally put our
APMEA headquarters into operation quickly and smoothly."
Trina Solar's APMEA headquarters provide management functions covering
administration, sales, project development, R&D, logistics and purchasing
operations. The administrative regions include Singapore, Thailand, Malaysia,
the Philippines, India, Japan, Australia, New Zealand, as well as Korea, the
Middle East and Africa.
"We are highly optimistic about APMEA solar opportunities due to both market
potential and positive policy support," said Dr. Haiyan Sun, President of
APMEA at Trina Solar. "Japan has set attractive Feed-in-Tariffs for solar
energy power generation as part of its efforts to replace nuclear power, while
both India and Saudi Arabia have proposed ambitious solar power strategies. We
also believe Southeast Asia and Africa present solid business opportunities
and are encouraged by the fact that solar energy has already reached grid
parity in Australia."
Dr. Sun added, "We believe our world-class team based at the APMEA
headquarters is well-positioned to support developments in our business as we
respond to changes in the global solar market and in particular, the rise of
emerging solar markets. Thanks to Singapore's strong local talent pool, we
look forward to further growing our team."
"We congratulate Trina Solar, a global solar energy leader, on formally
opening its Asia-Pacific, Middle East and Africa Headquarters in Singapore,"
said Mr. Quek Swee Kuan, Assistant Managing Director of the Singapore Economic
Development Board. "We are pleased that Trina Solar is leveraging Singapore's
strengths in project development, technological capabilities, availability of
talent and connectivity to the region. Trina's APMEA Headquarters will
increase the vibrancy of the cleantech industry in Singapore, and affirm
Singapore's position as a platform for Asian cleantech enterprises to tap
fast-growing regional markets."
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 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 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 Brunswick Group
Phone: + (86) 519-8548-2009 (Changzhou) Michael Fuchs
Thomas Young, Vice President, Investor Phone: + (86) 10-6566-2256
Phone: + (1) 408-207-2786 (San Jose)
SOURCE Trina Solar Limited
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