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SHANGHAI, Feb. 22, 2011 /PRNewswire via COMTEX/ --JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing, vertically integrated solar product manufacturer with low-cost operations based in China, announced today that it has entered into an agreement, which is the first between the two companies, to supply a total of 35 megawatts ("MW") of JinkoSolar branded solar modules to Payom Solar AG of Germany ("Payom Solar") in 2011. JinkoSolar's modules will be installed in roof-top and ground-mounted projects throughout Europe and in Southern California and the eastern coastal states of the United States, including New York and New Jersey. "Our new supply agreement with Payom Solar reflects continued recognition and implementation of our high quality products and builds upon our established track record with leading solar companies around the world," said Mr. Arturo Herrero, Chief Strategic Officer of JinkoSolar, "Payom Solar sells solar modules to and installs in-roof and on-roof solar energy systems for a global network including Germany, Italy and the United States. Given Payom Solar's robust sales and distribution capabilities in the US as a result of its acquired partner company, AMSOLAR, this agreement marks another important step toward our goal of expanding JinkoSolar's business in the United States. We are excited to add Payom Solar as a partner and we anticipate further cooperation throughout 2011 and beyond." "We are pleased to be working with JinkoSolar as Payom expands its global solar development and services business," explained Daniel Grosch, Member of the Management Board of Payom Solar AG. "Payom has been developing solar projects for more than 5 years, and we have consistently worked with the very best solar manufacturers to execute our strategy. We look forward to bringing Jinko modules to projects throughout Europe and North America in 2011."
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 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan(2), 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.
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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@kbmyaudio.com
