SHANGHAI, Aug. 17 /PRNewswire-FirstCall/ -- Solarfun Power
Holdings Co., Ltd. ("Solarfun" or the "Company") (Nasdaq: SOLF), a
vertically integrated manufacturer of silicon ingots, wafers and
photovoltaic ("PV") cells and modules in China, today announced it has signed a PV
module distribution agreement with Fujimi Fine Technology Inc.
("Fujimi Fine Technology"), a leading manufacturer of silicon
wafers and distributor of semiconductor products. Fujimi Fine
Technology will act as a non-exclusive distributor of Solarfun's
products in Japan for one
year.
Dr. Peter Xie, Chief Executive
Officer of Solarfun, commented, "Japan has historically been a mature and
stable solar power market. With the new incentives and subsidies
that were passed by Japan's
government in November 2009,
Japan is now a sizeable and
growing market. This cooperation with Fujimi Fine Technology
expands our business reach in Japan, which historically was one of the
hardest markets to penetrate for Chinese companies. Our products
meet international quality standards and incorporate
state-of-the-art technology. We believe our products will be
attractive for Japanese customers and we are pleased to have the
opportunity to work with Fujimi, a company known for its
value-added, local and high levels of customer service in
Japan."
Ouyang Yu, Asia Pacific Sales
Vice President & General Manager of Solarfun, added,
"Japan had been the largest
producer of solar cells before it was surpassed by Germany in 2005. Incentives and subsidies in
Japan resumed in 2009, triggering
a doubling of PV installations that year. Nearly 90 percent of
shipments to Japan are estimated
to be for household use. With this agreement, we will boost
our presence in Japan and be able
to access this large retail on- and off-grid market."
Hironori Watanabe, President
& Chief Executive Officer of Fujimi Fine Technology, commented,
"This partnership with Solarfun will allow us to offer our
customers modules with high quality and high efficiency at a
discount to equivalent modules that are available from Japanese
manufacturers. The Japanese government is formulating a plan for a
10-fold increase in solar power generating capacity by 2030. As
part of this plan, the government will try to halve the price of a
solar power home system in the next three to five years. With
this relationship with Solarfun, we believe we will be able to help
meet market demand in Japan."
About Solarfun
Solarfun Power Holdings Ltd. (NASDAQ: SOLF) is a leading
manufacturer of solar PV cells and modules in China, focusing on delivering high quality and
reliable products at competitive prices. Solarfun produces its
monocrystalline and polycrystalline products at its internationally
certified, vertically-integrated manufacturing facilities. Solarfun
partners with third-party distributors, OEM manufacturers, and
system integrators to sell its modules into large-scale utility,
commercial and governmental, and residential/small commercial
markets. Solarfun maintains a strong global presence with local
staff throughout Europe,
North America, and Asia. Solarfun embraces environmental
responsibility and sustainability by taking an active role in the
photovoltaic cycle voluntary recycling program. For more
information, visit: www.solarfun-power.com.
SOLF-G
About Fujimi Fine Technology Inc.
Founded in 1972, Fujimi Fine Technology Inc. is a leading
manufacturer silicon wafers for the semiconductor industry using
recycled and reclaimed material. Using proprietary processes,
the company provides end-to-end services, including material
sourcing, technology development, quality control, cleaning,
polishing, film coating, and measurement, in the production of high
quality wafers that range from 50 to 300mm in diameter, and less
than 100mm in thickness. The company is diversifying into the
PV business by leveraging its expertise in silicon wafers and
strong distribution channels in Japan. For more information, visit
www.ffti.jp.
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. Forward-looking statements involve inherent risks and
uncertainties and actual results may differ materially from such
estimates depending on future events and other changes in business
climate and market conditions. Solarfun disclaims any obligation to
update or correct any forward-looking statements.
For further information, please contact:
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Solarfun Power
Holdings Co., Ltd.
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Investor Contact:
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Paul Combs
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V.P. Strategic Planning
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26F BM Tower
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218 Wusong Road
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Shanghai, 200080
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P. R. China
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Tel: 86-21-26022833 / Mobile: 86
138 1612 2768
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E-mail:
paul.combs@solarfun-power.com
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Media Contact:
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Fancy Li
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Senior Marketing Manager, Global
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E-mail: fancy.li@solarfun-power.com
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Christensen
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Kathy Li
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Tel: +1 480 614 3036
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E-mail: kli@ChristensenIR.com
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Roger Hu
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Tel: +86 158 1049 5326
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E-mail: rhu@ChristensenIR.com
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SOURCE Solarfun Power Holdings Co., Ltd.
Copyright . 17 PR Newswire