SHANGHAI, China, Jan 26, 2011 (GlobeNewswire via COMTEX) --
JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that the Company has signed a module supply contract with a leading Italian renewable energy company, which belongs to a large utility group in Europe.
Under the terms of this agreement, JA Solar will supply this customer with a total of 29 megawatts (MW) of photovoltaic modules during 2011.
"We are pleased that this new strategic customer, a leading developer and provider of PV systems in Italy, has chosen JA Solar as a supplier for their solar projects," stated Dr. Peng Fang, CEO of JA Solar. "This new partnership further demonstrates JA Solar's strength in building long-term strategic relationships with leading international solar companies. As we continue to build momentum in the global PV market, we look forward to delivering high-quality and innovative solar power products to more of the world's top solar providers."
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as "may," "expect," "anticipate," "aim," "intend," "plan," "believe," "estimate," "potential," "continue," and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our production output and production outlook. 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. Further information regarding these and other risks is included in Form 20-F and other documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update forward-looking statements, 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.
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products. The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation. For more information, please visit http://www.jasolar.com.
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SOURCE: JA Solar Holdings Co., Ltd.
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