China Sunergy's Technology Heads Win Prestigious Awards in Australia
NANJING, China, March 22, 2013
NANJING, China, March 22, 2013 /PRNewswire/ -- China Sunergy Co., Ltd.
(Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell
and module manufacturer, today announced that its Chief Technology Officer,
Dr. Jianhua Zhao, and its Head of Research and Vice President, Dr. Aihua Wang,
have jointly received the Advance Global Australian Award 2013. Dr. Zhao and
Dr. Wang are the first Chinese-Australians ever to receive this award. In
partnership with the Australian Government and the Australian Financial
Review, the award ceremony was held at the Museum of Contemporary Art in
Sydney on March 21, 2013.
The Advance Global Australian Awards recognise and honour Australians who live
overseas and exhibit remarkable talent, exceptional vision and ambition, and
celebrate those who are leaders and innovators. Nominations are sought from
candidates across several industries. The Advance Global Australian Awards are
the only awards to recognise the important contributions of the more than one
million Australians living abroad. Dr. Zhao and Dr. Wang were nominated by
Professor Martin Green, a pioneer in the solar photovoltaic field. Candidates
are evaluated by the following stringent criteria, including demonstrated
leadership, vision, action and innovation in their field. Dr. Zhao and Dr.
Wang were winners in the clean technology category.
In the same ceremony, Dr. Zhao and Dr. Wang received a second award, the
Australia in the Asian Century Award, for their contribution in the Asia
region. Four out of twelve of the Advance Global Australian Award winners are
living and working in the Asia region. Australia Prime Minister, the Hon Julia
Gillard, also made a video speech to them to endorse this Australia in the
Asian Century award.
Dr. Zhao and Dr. Wang set the world record for the highest lab efficiency of
solar cells in 1989. Since then, they have broken their own record on numerous
occasions, most recently in 1999, when they achieved a lab efficiency of
24.7%, which was later corrected to 25.0%, which remains the highest level
achieved in the world so far. Furthermore, Dr, Zhao and Dr. Wang are now
leading China Sunergy's participation in an 863 program, a National High
Technology Research and Development Program in China that supports and
encourages the development and commercialization of solar cells with a high
efficiency rate (over 20%) and a low production cost. China Sunergy's lab
results reached an efficiency rate of 20.29% last December, and the objective
for the next phase of research and development is to stabilize this efficiency
rate and to start pilot production by the end of 2013.
Mr. Lu Tingxiu, Chairman of China Sunergy said, "We are excited and happy for
the couple to receive this award, which is an important recognition for their
contributions to drive solar technology forward. We are proud of their
contributions to the industry as well as to China Sunergy. As co-founders of
China Sunergy, they have shaped the company's advanced technology and allowed
us to provide customers with efficient and cost-effective products. We remain
heavily committed to research and technological innovation under their
"We are greatly honored and pleased to receive this award. We have been deeply
involved in this industry and will continue to focus on research and
development projects at China Sunergy that will further advance the efficiency
and quality of our products," Dr. Zhao and Dr. Wang remarked.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and delivers high
efficiency solar cells and modules to the world from its production centers
based in China and Turkey. China Sunergy also invests in high potential solar
projects. Founded in 2004, China Sunergy is well known for its advanced solar
cell technology, reliable product quality, and excellent customer service.
For more information, please visit http://www.chinasunergy.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 facts in this
announcement are forward-looking statements. These forward-looking statements
are based on current expectations, assumptions, estimates and projections
about the Company and the industry, and involve known and unknown risks and
uncertainties, including but not limited to, demand for and selling prices of
the Company's products, execution of our strategy to expand into downstream
solar power businesses, general economic and business conditions; the
Company's ability to attract or retain qualified senior management personnel
and research and development staff; future shortage or availability of the
supply of raw materials. 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 its
expectations will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated results.
China Sunergy Co., Ltd.
Phone: +86 25 5276 6696
Hong Kong Hong Kong
Ginny Wilmerding Annie Choi
Phone: + 852 3512 5000 Phone: + 852 3512 5000
Email: firstname.lastname@example.org Email: email@example.com
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