October 02, 2007: 09:29 AM EST
CHANGZHOU, China, Oct. 2 /PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules founded in 1997, announced today the following management changes at the Company:
Mr. Anthony Chia has been appointed as Vice President of Quality. Mr. Chia has more than 21 years of experience in quality management, involving the introduction and implementation of numerous quality control systems, including 6-Sigma, TL9000, TS16949, ISO2000, ISO14000, UL and TUV RoHS. Mr. Chia reports to Sean Tzou, Trina Solar's Chief Operating Officer.
Prior to joining Trina Solar, Mr. Chia served as Director of Service and Quality for SANMINA-SCI and as Senior Manager of Quality Assurance at Motorola Singapore and China. Mr. Chia holds an MBA from National University of Singapore.
Mr. Dave Seburn has been appointed as Vice President, Polysilicon. Mr. Seburn is responsible for evaluating potential upstream investments in polysilicon production, including road map development for upstream investments and implementation oversight of related projects. Mr. Seburn reports directly to Jifan Gao, Trina Solar's Chief Executive Officer.
Mr. Seburn comes to Trina Solar after ten years of experience at REC Silicon, where he last served as Vice President of Operations. During his tenure, Mr. Seburn lead oversight of both silane and polysilicon manufacturing plants and facilitated process and organizational changes that optimized productivity at both plants. Mr. Seburn holds an M.S. degree in Chemical Engineering from the University of Houston.
Mr. Mohan Naranayan, Vice President of Technology, left the Company on September 30, 2007 due to personal reasons.
"We are pleased and excited to welcome such talented individuals as Mr. Chia and Mr. Seburn to the Trina Solar team," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "Both gentlemen will greatly strengthen our resources in quality control, long-term cost reduction and raw material procurement as we continue to pursue a leading position in the global solar PV market."
"At the same time, we regret to announce the departure of Mr. Naranayan as Vice President of Technology. We recognize his significant contributions to our growth at Trina Solar and we wish him the best in his future endeavors," said Mr. Gao.
About Trina Solar Limited:
Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufactures that has developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally- friendly electric power for residential, commercial, industrial and other applications worldwide. Trina Solar successfully completed its initial public offering on the New York Stock Exchange in December, 2006 and its ADSs are traded under the ticker symbol TSL. For further information, please visit Trina Solar's website at http://www.trinasolar.com
Wednesday, October 3, 2007
Canadian Solar Rises on U.S. Contract
NEW YORK - Shares of Canadian Solar Inc. rose Tuesday, as the solar cell maker signed a contract that may have inspired investor optimism about the company's chances for success in the U.S.
Before trading began, the company said it agreed to sell solar modules to a Massachusetts company, American Capital Energy. Financial terms were not disclosed, and the modules will be used to make a fairly small system. Under the project, a commercial roof space will be converted into a private power generation site featuring a 300 Kilowatt grid-connected solar power system.
While the deal is not large, Deutsche Bank analyst Stephen O'Rourke said the contract is significant because investors have such high expectations for the U.S. solar market.
"It's all about positioning for the market," he said in a telephone interview. "It's not a huge system, but it is a footprint in the U.S."
Shares added 60 cents, or 6.3 percent, to $10.14. Trading was more than four times heavier than normal.
Solar stocks have been strong in recent months, but Canadian Solar has missed out on those gains: Shares have lost more than a third of their value since they began trading in November.
O'Rourke said Tuesday's deal could be a step toward proving the company is on the right track, overcoming its problems with weak margins.
Before trading began, the company said it agreed to sell solar modules to a Massachusetts company, American Capital Energy. Financial terms were not disclosed, and the modules will be used to make a fairly small system. Under the project, a commercial roof space will be converted into a private power generation site featuring a 300 Kilowatt grid-connected solar power system.
While the deal is not large, Deutsche Bank analyst Stephen O'Rourke said the contract is significant because investors have such high expectations for the U.S. solar market.
"It's all about positioning for the market," he said in a telephone interview. "It's not a huge system, but it is a footprint in the U.S."
Shares added 60 cents, or 6.3 percent, to $10.14. Trading was more than four times heavier than normal.
Solar stocks have been strong in recent months, but Canadian Solar has missed out on those gains: Shares have lost more than a third of their value since they began trading in November.
O'Rourke said Tuesday's deal could be a step toward proving the company is on the right track, overcoming its problems with weak margins.
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