CHANGZHOU, China, June 8 /PRNewswire-Asia-FirstCall/ -- Trina Solar
Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated
manufacturer of solar photovoltaic products from the production of ingots,
wafers and cells to the assembly of PV modules, today announced the planned
establishment of a warehouse operation in The Port of Oakland, California.
The warehouse is strategically located in California, which in 2008 had a
total of 530MW of the estimated 800MW of grid tied PV capacity(1) in the
United States. With planned service to begin in June of 2009, the warehouse is
expected to strengthen Trina Solar's distribution network in North America by
allowing us to respond more swiftly to customer delivery requests.
"We are pleased to announce the establishment of our first warehouse in
North America, which will help to accommodate the growing demand for our
products, pursue new relationships and better serve our customers," said
Arturo Herrero, Trina Solar's Vice President of Sales & Marketing. "In
addition, we view the outlook for PV installations in the United States as
positive given the national promotion of a green economy to secure energy
independence and create green jobs."
(1) Solar Energy Industries Association, 'US Solar Industry Year in
Review 2008'
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized 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 has developed a vertically integrated business model
from the production of monocrystalline and multicrystalline 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 ability of
the Company to operate as a public company; the period of time for which its
current liquidity will enable the Company to fund its operations; the
Company's ability to protect its proprietary information; general economic and
business conditions; 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. 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, they cannot assure you that their expectations will turn out to be
correct, and investors are cautioned that actual results may differ materially
from the anticipated results.
For further information, please contact:
Trina Solar Limited
Terry Wang, CFO
Phone: +86-519-8548-2009 (Changzhou)
Thomas Young, Director of Investor Relations
Phone: +86-519-8548-2009 (Changzhou)
Email: ir@trinasolar.com
Brunswick Group
Caroline Jinqing Cai
Phone: +86-10-6566-2256
Michael Fuchs
Phone: +86-10-6566-2256
Email: trina@brunswickgroup.com
