Tuesday, May 8, 2007

JA Solar and Canadian Solar Sign Solar Cell Supply Agreement

April 2, 2007
Jiangsu, China: JA Solar and Canadian Solar Sign Solar Cell Supply Agreement
JA Solar and Canadian Solar today announced a supply agreement valued at approximately US$50 million to US$60 million from April to December 2007. Under the agreement, JA Solar will supply solar cells to CSI for use in CSI's solar modules. Initial deliveries will start immediately.
Dr. Shawn Qu, CSI's Chairman and Chief Executive Officer, said, "JA Solar is an important strategic supplier to CSI. Securing this additional solar cell supply at a cost meeting our internal target will allow us to fulfill the increased demands from our key customers. CSI continues to ramp up its in-house solar cell manufacturing while maintaining long-term strategic purchasing from a couple of selected supply partners. We believe this balanced supply strategy helps to create a win-win situation and provides us with the ability to quickly respond to demand surges from our customers."
Samuel Yang, JA Solar's Chief Executive Officer, commented, "CSI is a good example of the fast growing, high-quality, global manufacturer we continue to successfully partner and grow with. This is an important agreement for both companies."
Further details about: JA Solar and Canadian Solar

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