ONTARIO, Canada, Sept. 17 /PRNewswire-Asia-FirstCall/ -- Intertek and Canadian Solar (the "Company", "Canadian Solar" or "we") (Nasdaq: CSIQ) announced today the official designation of Canadian Solar's PV Reliability Testing Center as the first PV partner to join Intertek's "Satellite Program". This designation by Intertek is another recognition of Canadian Solar's quality control system and its state-of-art ISO17025 accredited internal laboratory.
Intertek developed its "Satellite Program", a new Client Data Acceptance Program, in response to the ever increasing market requirements for product certification. Conducting tests in customers' own labs, on their own schedule, customers obtain Intertek's market-leading certifications for their products. Under the "Satellite Program", customers can choose the level of service that's right for their compliance and sales goals. When the testing results meet all certification requirements, Intertek will issue the requested certificate, such as ETL based on UL1703 standards. The practice under the "Satellite Program" can greatly reduce the testing/certification lead time, thus facilitating the timely introduction of new products into the market place.
Dr. Shawn Qu, the President and CEO of Canadian Solar, commented: "In July of this year, our photovoltaic reliability testing center became the first PV manufacturer owned testing center to receive the ISO 17025 accreditation. I am glad that Canadian Solar's state-of-the-art PV Reliability Center became the first center in the PV industry to partner with Intertek in its 'Satellite Program'. This recognition is another example of our reputation in stringent quality control in our products and our deep knowledge in reliability testing of PV products."
Mr. Frank Pan, President of Intertek Commercial and Electrical Asia Pacific, remarked: "We have been looking for a business model that best accommodates the market requirements and customers' product and service needs. The 'Satellite Program' is the outcome of our search. The PV market has a great potential for further development globally. Intertek undertakes its mission and mandate to work together with PV manufacturers around the world to further facilitate the process of quality management in each stage of PV manufacturing. Canadian solar is well-known for its unwavering adherence to the highest quality standards in its production. We are honored to have Canadian Solar join this 'Satellite Program'."
Intertek is a leading international provider of quality and safety services to a wide range of global and local industries. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global market place.
Intertek has the experience, expertise, resources and global reach to support its customers through its extensive network of 1000 laboratories and offices and over 24,000 people in more than 100 countries around the world.
The Commercial & Electrical division of Intertek provides product testing and certification services, including safety testing and certification, electromagnetic compatibility (EMC) testing, and performance testing. These services provide global market access to customers in industries such as Audio and video products, Automotive, Building products, Cables and wiring accessories, Electronics, Gas appliances, Household appliances, HVAC, IT, Industrial machinery, Installation accessories, Lighting, Medical devices, Power supply, Security, Semiconductor, Telecommunications, Wireless technology etc. For further information, visit http://www.intertek.com .
About Canadian Solar Inc. (NASDAQ: CSIQ)
Canadian Solar Inc. is a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications. Canadian Solar designs, manufactures and delivers solar products and solar systems for on- grid and off-grid use to customers worldwide. Canadian Solar is one of the world's largest solar module producers by manufacturing capacity. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global sustainable development. For more information, visit http://www.canadian-solar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including statements regarding the expected benefits of our [license agreement] with ECN, the time required to achieve such benefits and the expected efficiencies of future solar cells, 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 technological constraints, general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply 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, including customers of our silicon materials sales; 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 originally filed on June 8, 2009. 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.