SHANGHAI--(BUSINESS WIRE)--Hanwha Q CELLS Co., Ltd. (the "Company" or "Hanwha Q CELLS") (NASDAQ: HQCL), the world's largest photovoltaic cell manufacturer and one of the largest photovoltaic module manufacturers, will display its “Engineered in Germany” technologies and leading products at the 2015 SNEC PV Power Expo in Shanghai from April 28 to 30.
“The recent merger of Hanwha SolarOne and Hanwha Q CELLS has created the largest solar cell manufacturer in the world, with annual production capacity reaching 3.28GW,” noted Hanwha Q CELLS president Mr. Nam Seong Woo. “However, we are not just satisfied with our capacity; Hanwha Q CELLS is dedicated to commercializing the world’s leading PV technology. We are very excited to present our next generation HSL S series modules and Q.ANTUM technology at 2015 SNEC. As an extension of our leading technology, we will also exhibit our Hot Environment S module and Q.ANTUM Half Cell module designed to meet specific needs from customers around the world.”
The HSL S series modules are manufactured at fully-automated production facilities and come equipped with new four bus-bar cells leading to improved performance, quality, and guarantees. The new HSL S series modules improve Hanwha Q CELLS’ solutions for each segment, including residential, commercial, and utility, and provide superior value to customers.
“We are also proud to show our Q.ANTUM technology in China for the first time. Q.ANTUM has achieved the world’s highest efficiency for polycrystalline solar cells at 19.5%.” Mr. Nam said. “Q.ANTUM has been proven in mass production, with 60 cell module efficiency at 18.5%. Its excellent low light behavior, temperature coefficients, anti-PID, and hot-spot protect technologies guarantee yields for customers and protect their investment.”
Hanwha Q CELLS strives to become the top player in the China PV market, aided by the bankability of its parent company Hanwha Group, a Fortune GLOBAL 500 company and a top-ten business enterprise in South Korea. Hanwha Q CELLS is aggressively developing its downstream business, as well as growing its position as a leading module supplier. Hanwha Q CELLS has targeted cumulative installation of 3 gigawatts in power generation projects in China by 2020, including distributed generation and utility-scale rooftop and ground mounted applications.
About Hanwha Q CELLS
In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, Hanwha SolarOne Co., Ltd. and Hanwha Q CELLS Investment Co., Ltd. The combined company is listed on NASDAQ under the trading symbol of HQCL. It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world's largest solar cell manufacturer as well as one of the largest photovoltaic module manufacturers. Due to its diverse international production footprint including facilities in China, Malaysia and South Korea, Hanwha Q CELLS is flexibly positioned to address all global markets, even ones with import tariffs, such as the United States and the European Union. Based on its respected "Engineered in Germany" technology, innovation, and quality, Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications, and solutions, from modules to kits to systems to large scale solar power plants. The combined company is also engaged in downstream development and EPC business. Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East the company provides excellent services and long-term partnership to its customers in the utility, commercial, government, and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE® Global 500 firm, and a top-ten business enterprise in South Korea. For more information, visit http://investors.hanwha-qcells.com
About the Hanwha Group
Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea and a “FORTUNE Global 500” company. Hanwha Group has 52 domestic affiliates and 126 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With more than 60 years track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit: www.hanwha.com.
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.