Canadian Solar Achieves Pass'Innovation Certification with Partner MECOSUN

Published on Tuesday, 21 August 2012 05:33 Written by TradersHuddle Staff

ONTARIO, Canada, Aug. 21, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar (NASDAQ: CSIQ) (the "Company", "we" or "Canadian Solar"), one of the world's largest solar companies, today announced that, along with its partner MECOSUN, a French PV integrator, it achieved the Pass'Innovation certification from the CTSB, a French institution. The testing attests to the integration of Canadian Solar's PV panels with MECOSUN's MV€ system. 

Founded in 1947, the CSTB is a public industrial and commercial institution placed under the authority of the French Minister of housing and Minister of ecology, sustainable development and transport. Its main duties include responding to the challenges of sustainable development, innovating and assisting in the development of built framework of all scales.

The CSTB's Pass'Innovation certification is intended to guarantee the quality of the integration of Canadian Solar panels - including CS6-P, poly- and mono-crystalline modules as well as the company's new ELPS modules - with MECOSUN's MV€ system, for industrial and agricultural roofs.

This certification obtained by Canadian Solar and MECOSUN is aimed at facilitating accession to insurances, as well as funding from French governmental authorities, with the view to building new solar rooftop installations on French soil.

"We are pleased to achieve this latest certification," noted Dr Shawn Qu, Chairman and CEO of Canadian Solar. "This is another competitive advantage as we can provide additional assurances to customers, installers and banking partners in the French market."

MECOSUN is a photovoltaic specialist and the French pioneer in the integration systems for industrial, agricultural and residential rooftop market. The company offers a set of reliable, cost effective and recognized integration systems, MV€, MKR, MVO and MV3i, which respond to the main integration criteria to achieve qualitative PV installations.

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Australia and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, 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 the previously disclosed SEC investigation as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 27, 2012. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You 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.

SOURCE Canadian Solar Inc.