GUELPH, Ontario, March 11, 2015 /PRNewswire/ — Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it will introduce the company’s all-black solar module product line into the Americas market, covering both the North and South American continents. The new product line includes both an all-black CS6K-M monocrystalline module and an all-black CS6K-P module, both of which feature improved, aesthetically pleasing black polycrystalline technology. This all-black module line is specifically targeted for consumers in the residential market.
The introduction of these modules into the North and South American markets represents a strategic business decision for Canadian Solar’s Americas division. With the company’s 14-year track record in module manufacturing, state-of-the-art product design, and effective management, Canadian Solar will finalize product specifications at the end of April. Production runs for the CS6K-M are expected to begin in May, with production runs for the CS6K-P expected to begin in early June.
The product features on these modules are unique in the marketplace with the "all-black concept" including a black frame, black backsheet, and dark cells in both mono and polycrystalline cell technologies. The CS6K all-black monocrystalline modules with dark cells will be offered in three power classes: the 255W, 260W, and 265W. Meanwhile, the CS6K all-black polycrystalline modules with dark cells will be offered in two power classes: the 250W and 255W. The module efficiency on the monocrystalline module is 16.19%, while the module efficiency on the polycrystalline module is 15.58%.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "The introduction of these all-black modules into the Americas market is a great addition to Canadian Solar’s diverse product portfolio, especially for the residential segment. In particular, this new product line will allow the company to continue gaining market share throughout the region."
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 9 GW of premium quality modules in over 70 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the world, having been publically listed on NASDAQ since 2006. For additional information about the company, products, and projects, please visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of solar grade silicon; demand for solar products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada, the U.S., Japan and China; changes in customer order patterns; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; utility-scale project approval process delays; utility-scale project construction delays; utility-scale project cancellation due to failure to obtain all the necessary permits; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; trade protectionism in Europe, the U.S. and India; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2014. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
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