Hanwha SolarOne Signs Memorandum of Understanding with OneRoof Energy(R) for
50 MW Module Supply
SHANGHAI, Jan. 7, 2014
SHANGHAI, Jan. 7, 2014 /PRNewswire/ -- Hanwha SolarOne Co., Ltd. (the
"Company", or "Hanwha SolarOne"), a top-10 global photovoltaic manufacturer of
high-quality, cost-competitive solar modules, today announced it has reached a
memorandum of understanding ("MOU") with OneRoof Energy, a complete solar
services provider, to supply up to 50 megawatts of Photovoltaic ("PV")
modules. Hanwha SolarOne and OneRoof Energy intend to enter a supply agreement
to establish a reliable supply of modules for OneRoof Energy, as well as to
work together to identify and develop new and next generation products for the
residential market that will enhance energy yield, improve bankability and
increase residual value, and engage with downstream suppliers to improve PV
system efficiencies and lower the levelized cost of energy to homeowners.
Mr. Min-Su Kim, President of Hanwha SolarOne commented, "OneRoof Energy is
well positioned in the burgeoning residential rooftop financing market in the
U.S. where in large markets like California, industry sources estimate about
three-fourths of all solar installations were the result of third-party
financing. Our high-quality, proven modules will play an important role in
meeting OneRoof Energy's performance and product warranty customer
"Hanwha SolarOne makes high-quality, reliable modules, but most importantly
they offer our customers peace of mind that the panel manufacturer will be
there to back the warranty for 12 years. The power of Hanwha is in their
ability to deliver on that promise," stated David Field, President and Chief
Executive Officer of OneRoof Energy.
About Hanwha SolarOne
Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) is one of the top 10 photovoltaic
module manufacturers in the world, providing cost-competitive, high quality PV
modules. It is a flagship company of Hanwha Group, one of the largest business
enterprises in South Korea. Hanwha SolarOne serves the utility, commercial,
government and residential markets through a growing network of third-party
distributors, OEM manufacturers and system integrators. The company maintains
a strong presence worldwide, with a global business network spanning Europe,
North America, Asia, South America, Africa and the Middle East. As a
responsible company committed to sustainability, Hanwha SolarOne is an active
member of the PV Cycle take-back and recycling program. For more information,
please visit: www.hanwha-solarone.com.
About OneRoof Energy
OneRoof Energy is a complete solar services provider offering homeowners
everything from the financing, system design and installation project
management to ongoing systemmonitoring and maintenance.Through the use of
its game-changing, proprietary solar sales and design software, it helps
homeowners find a finance option that isbest suited to their individual
lifestyle and budget, including the zero-down lease option.
The company's signature, SolarSelect® leasing programs allow homeowners to go
solar with nothing down, pay less on monthly electricity bills, and enjoy
protection against utility rate hikes for up to 25 years. A seasoned
management team of renewable energy and finance veterans with a proven track
record of making energy independence a reality leads OneRoof Energy.
Currently, the company serves homeowners throughout Arizona, California, and
Hawaii with immediate plans for northeastern expansion. For more information,
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
Hanwha SolarOne'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
Hanwha SolarOne has not independently verified any information in "About
OneRoof Energy" or any other information regarding the market position of
OneRoof Energy. Hanwha SolarOne makes no representations regarding the
accuracy or completeness of any such information.
SOURCE Hanwha SolarOne Co., Ltd.
Contact: Investor Contact, Paul Combs, V.P. of Investor Relations, Tel:
86-21-3852 1533, Mobile: 86 138 1612 2768, firstname.lastname@example.org
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