SHANGHAI, June 17, 2011 -- JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company") (NYSE: JKS) a fast-growing, vertically-integrated solar power product manufacturer based in China, today announced the launch of a new research and development center to focus on improving conversion efficiency of solar cells and next generation photovoltaic technology. With the new research and development center, JinkoSolar is targeting to increase the conversion efficiency rate to more than 18.6% for monocrystalline solar cells and more than 17.5% for multicrystalline solar cells by the end of 2011, compared with the current average efficiency rate of 18.1% and 16.8%, respectively. JinkoSolar will launch the first generation of its “Blue Cell” modules in the third quarter of the year. The new modules will feature cell efficiency rate of more than 18.6% as a result of a number of research and development initiatives that will be rolled out by the Company’s new research and development center. Mr. ChaolinZha, Research and Development Technology Director of JinkoSolar, will lead the research and development center. Mr. Zha holds a PhD in Semiconductor Physics from Fudan University and completed post-doctoral works involving crystalline silicon solar cells and micro/nano-electronics at University of Notre Dame, Indiana, Norwegian University of Science and Technology in Norway and Royal Institute of Technology in Sweden. Previously he worked for Shanghai Tomi Solar Technologies Corporation and has over four years of working experience in the PV industry and over 10 years of scientific research in crystalline silicon solar cells. Mr. Kangping Chen, CEO of JinkoSolar, said, “Mr. Zha has been with JinkoSolar for one year. He has great experience in developing cutting edge photovoltaic technology. We are confident that he will play a significant role in leading our research and development efforts going forward.” The Company also announced today the resignation of Mr. Guoxiao Yao, Chief Technology Officer, for personal reasons. Mr. Kangping Chen said, “We appreciate Mr. Yao’s contribution to JinkoSolar. His guidance has helped us establish our research and development team and achieve significant improvements in our technological processes while maintaining our low-cost operations. With his help, we have built a solid foundation for the next stage in our research and development as we now expect to make significant improvements in the conversion efficiency of our products and in reducing non-silicon costs. We wish Mr. Yao great success in the future.”
Legal Statement
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
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 JinkoSolar'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 otherwise.
For investor and media inquiries, please contact:
In China:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com
