TORONTO, Jan. 23 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. ("the
Company", "CSI" or "we") (Nasdaq: CSIQ) today announced that it has donated
5,000 Euros to the Klimaschutz- und Solarforderverein am Gymnasium School in
Neutraubling, Germany. The donation will be used to partially finance a 10 kWp
rooftop solar project using our CS6A-150 modules. Other donors include
students, teachers and alumni, as well as private individuals. The school will
in turn use the net proceeds from the project to help fund projects in
developing nations.
Gregory Spanoudakis, President for European Operations said, "This project
is an excellent example of what organizations and individuals who are
committed to environmental sustainability can achieve. We are proud to support
it and we are proud that the school has chosen our e-Modules for their array.
Production of UMG material has a much smaller environmental footprint than
conventional silicon due to its less energy-intensive manufacturing method and
because the process employs fewer chemicals."
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated
manufacturer of solar cell, solar module and custom-designed solar application
products serving customers worldwide. CSI is incorporated in Canada and
conducts all of its manufacturing operations in China. Backed by years of
experience and knowledge in the solar power market and the silicon industry,
CSI has become a major global provider of solar power products for a wide
range of applications. For more information, please visit
http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements for Canadian Solar
Certain statements in this press release including statements regarding
expected future financial and industry growth 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 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 price; 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 3, 2008.
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.
For further information, please contact:
Canadian Solar Inc.
Alex Taylor, IR Director
Tel: +1-905-530-2334
Fax: +1-905-530-2001
Email: ir@csisolar.com
The Ruth Group
Joseph Villalta
Tel: +1-646-536-7003
Email: jvillalta@theruthgroup.com
SOURCE Canadian Solar Inc.
CANADIAN SOLAR INC. 
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