SHANGHAI, Dec. 3, 2014 /PRNewswire/ -- Hanwha SolarOne Co.
Ltd. (the "Company", or "Hanwha SolarOne"), a top-10 global
photovoltaic manufacturer of high-quality, cost-competitive solar
modules, today announced it has completed the delivery of 20 MW of
Hanwha SolarOne's high quality E-star HSL72 modules to Haike
Engineering Holding Co., Ltd. Deliveries were made throughout
November to a ground-mounted project in Dunhuang, Gansu Province, China.
Mr. Jay SEO, Chief Financial Officer of Hanwha SolarOne, commented, "We are pleased that Haike
Engineering chose to work with Hanwha SolarOne, in recognition of
our quality and reliability. This latest delivery in China builds on the Company's renewed momentum
in the China market in the second
half of 2014. A growing customer base and depth was demonstrated in
the third quarter, when shipments to the China market represented approximately 30% of
total shipments and over a 400% increase from the prior quarter.
The fourth quarter will also be characterized by a strong showing
in the China market for us as we
look to expand our presence in the largest solar market in the
world."
About Hanwha
SolarOne
Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) is one of the top 10
photovoltaic module manufacturers in the world, providing
cost-competitive, high quality PV modules. It is a flagship company
of Hanwha Group, one of the largest business enterprises in
South Korea. Hanwha SolarOne
serves the utility, commercial, government and residential markets
through a growing network of third-party distributors, OEM
manufacturers and system integrators. The company maintains a
strong presence worldwide, with a global business network spanning
Europe, North America, Asia, South
America, Africa and the
Middle East. As a responsible
company committed to sustainability, Hanwha SolarOne is an active
member of the PV Cycle take-back and recycling program. For more
information, please visit: www.hanwha-solarone.com.
About Haike Engineering Holding Co., Ltd.
Haike Engineering Co., Ltd. was founded in October 2011, with registered capital of
50 million Yuan. Haike Engineering
was jointly invested in by Renewable Energy Asia Group Ltd. and the
Asian new business Co., Ltd. in Haimen, Jiangsu Province. Haike Engineering focuses on
the development and utilization of new energy sources, energy
equipment manufacturing as well as construction of new energy
projects.
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 Hanwha
SolarOne'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.
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SOURCE Hanwha SolarOne Co., Ltd.