CHANGZHOU, China, June 1, 2015 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, is pleased to announce that it provided Osaka Sangyo University ("OSU") with its newly developed Interdigitated Back Contact (IBC) cells and modules for OSU's Solar Car, the "OSU-Model-S".
The OSU-Model-S is fueled solely by solar power which is converted into electricity via 565 highly efficient solar cells, and has just finished its first test run in Shirahama Old Airport, Wakayama Prefecture, Japan. The IBC cells provided by Trina Solar have demonstrated efficiencies up to 24.4% in laboratory tests and 23.1% in pilot industrial production. The OSU-Model-S will compete in early August in the IFA Suzuka Solar Car Race, the largest international solar car race taking place in Japan.
Prof. Hisakazu Fujita of Osaka Sangyo University commented, "We are extremely excited to have Trina Solar as our partner in the OSU-Model-S for the upcoming IFA Suzuka Solar Car Race. We believe Trina Solar's IBC cells, a similar technology of which that has already been successfully applied to Solar Impulse-2, a solar-powered aircraft flying around the world recently, will put us ahead of the competition in a race designed to favor the most energy efficient race cars. Furthermore, our cooperation with Trina Solar has not only inspired us to achieve our vision of promoting the most advanced future car technology, but has also given us the technological expertise to maintain our leading position in the race, as we look to build on our 3 consecutive championships since 2012."
Zhiguo Zhu, COO and President of Trina Solar Module Business Unit commented, "We are very happy that OSU has selected us to be its partner in such a prestigious competition, and this cooperation has broadened our outreach from solar power generation to technology and research applications. This marks a milestone for Trina Solar as we branch out our differentiated products to various projects beyond our existing portfolio. I believe our high-efficiency cutting-edge modules will help OSU outperform the overwhelmingly strong competition from other different university teams and again demonstrate Trina Solar's position as a technology leader with proven ability to continuously pursue excellence. With the best team and the best product, Trina Solar and OSU are looking forward to set new world records on the Suzuka Circuit."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Trina Solar Limited
Trina Solar Provides Osaka Sangyo University with its High Efficiency IBC Cells to Build a Solar Car